Feeds

Update: Computerland UK issues profit warning

Blamed on falling product sales

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Computerland UK has pumped out a profit warning, after seeing its product sales fall unexpectedly in December and January. The Nottingham-based company says it expects sales to continue at this new lower level for the rest of the financial year, ending 30 April 1999. This means results will be "materially below market expectations". Computerland UK’s share price fell 60p to 100p on the news. According to the Evening Standard, analysts have slashed 1998 profits forecasts from £1.7 million to £1 million. The Evening Standard says the problem lies in sales of "prepackaged software" -- in other words Microsoft licences -- which are likely to be down 15 per cent in the second half. In an interview with the paper, Graham Gilbert, chief executive, said restructuring would take "months, not years". Computerland says it wants to be a one-stop shop for its corporate customers. This means less emphasis on price-driven, low-margin product-only sales However, product sales slumped, before the fruits of the one-stop shop strategy came through. Computerland UK is a classic corporate reseller – the company flogs value-added services to UK companies on the back of tin shifting – in much the same fashion as a Computacenter . Only it is a fortieth of the size of the European market leader The company make the majority of its profits from networking, installation and maintenance. It has also invested heavily in a remote support centre – which may make money one day. ®

Internet Security Threat Report 2014

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.