Feeds

Record year for C2000 as Lockie sets sail for the east

Distributors must embrace ecommerce, company says

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

Computer 2000 has reported surging profit and sales for UK activities, citing the Web as the way forward for the distribution sector. The US distribution giant saw pre-tax profit more than double, to over £11 million for the year ended 30 September, against £5.5 million the previous year. Sales topped £597 million from last year's £468 million. The results followed a record year for Computer 2000, with the UK one of the main contributors to its profits. Overall pre-tax profit stood at £54 million, from £3.6 billion turnover. The company, owned by US giant Tech Data, said strong growth areas in the UK were networking, storage, peripherals and components. Graeme Watt, managing director of Computer 2000, was "delighted" with the figures: "These numbers have been achieved in a period when market growth has been slowing, where the considerable downward pressure on margins has continued unabated -- we are quite clearly bucking market trends in UK distribution." Watt said growth had continued at 20 per cent for the year so far and that he believed the Internet and ecommerce were the most significant factors driving channel changes. Computer 2000 also announced Steve Lockie's exit from Computer 2000 UK to join its Dubai office as MD for the UAE operation. Lockie has been general manager for the networking division for two years. ®

Top three mobile application threats

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
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.