Feeds

Computacenter to IPO Biomni

Isn't that a fertilizer?

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Computacenter has outlined plans to IPO its Biomni subsidiary after posting soaring profits for 1999. The reseller giant today said it would float its 50 per cent share in the business-to-business e-commerce "in the first six months of the year". The announcement came four months after Biomni was started with Computacenter's sister company Computasofte-Commerce. Biomni provides corporates with software to order office must-haves - from PCs to paperclips. Computacenter saw profits and turnover grow for the seventeenth successive year. Pre-tax profit was up 16.3 per cent to £75.1 million, while sales rose 11 per cent to £1.76 billion for the year ended December 31 1999. "We were very pleased with the good earnings performance, and we've got through the Millennium part one - the slowdown at the back end of 1999 which was quite drastic - and we've produced these results despite that slowdown," said Mike Norris, Computacenter chairman and CEO. "We do expect a slow start to 2000, in effect the mirror image to the slow quarter of last year." "Just like 1999, 2000 will be a game of two halves," said Norris. "In 1999 we went in at half time well up, and hung on well in the second half. This year it's going to be the other way around. "We're already seeing demand recover, we're already seeing our utilisation get close to capacity again, and our pipeline for Q2 is extremely buoyant."® Related story Computacenter touts e-commerce for the corporate rich

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
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
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
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 and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.