Feeds

Falling prices dent CCM figures

The continuing saga of the squeezing of the distribution channel...

  • alert
  • submit to reddit

Internet Security Threat Report 2014

CCM Distribution saw profit and sales fall for the six months ended 31 March, due to falling component prices. The Cheshire-based distributor recorded pre-tax profit of £600,000, down on last year's £800,000. This included an exceptional item of £100,000, which resulted from legal proceedings settled out of court with Microsoft. Turnover dropped to £11.08 million, against £12.66 the year before, according to a company statement. Earnings per share were 19 pence from 35 pence. Brent Cutler, CCM Distribution MD said: "In line with our competitors, the half year was affected by falling component prices." CCM chairman Robert Durston blamed growing competition over the last six months, which had hit the industry by forcing down prices and challenging margins. "It is unlikely that the pace of change in this sector will slow but there are still opportunities... Many companies are presently reviewing their computer needs and a significant number of computers are being replaced in anticipation of the year 2000 and with the expansion of the Internet," he said. The group, which floated last July, aims to increase the number of its account managers to 32 by the end of September. CCM said it had so far hired 26 managers, and was confident of hitting its target by the end of its financial year. The company also said it was reviewing acquisition opportunities where it could use its marketing and distribution skills. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

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.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.