Feeds

Good Anite performance follows group-wide reshuffles

Systems integrator reorganises to shed loss making divisions

  • alert
  • submit to reddit

Mobile application security vulnerability report

Interim results for the six months ending 31 October, show an improved performance from systems integrator Anite. This comes in the wake of a round of reorganisations and acquisitions within the group, but Anite’s chairman said more work still needs to be done in the future. Profit for the period stood at £4.5 million, compared with a loss of £0.1 million for the same six months last year, turnover for the six month period was up 64 per cent at £81.1 million. In January, Anite sold of its UK networking division and then restructured its subsidiaries in Australia and New Zealand, along with those divisions that sell into the space, defence, manufacturing and distribution sectors. This restructuring work was aimed at disposing of loss making operations and saw Anite close its Bristol divsion. Acquisitions include the German consultancy firm BIV, which was bought today for £19.8 million. In August, Imasys, a company that sells workflow products into the local government sector was acquired for £5.5 million. The largest single division within the group, Anite Systems, recorded turnover of £54.4 million, compared with £39.4 million for the same period last year. Profit was £2.1 million, up fractionally on the £2 million for the six months ending 31 October 1997. Anite’s chairman, Alec Daly, said the decision to dispose of the networking group and focus on systems was contributing to improved performance but said margins still had to be improved. "Further work is required to improve the margins obtained, and we will remain cautious until the company moves decisively into profits growth."®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.