Feeds

InterX losses up, t/o down

More dotcom misery

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

E-business consultancy InterX dished out more bad news today after it announced that turnover fell during Q2 while losses stacked up even higher.

This comes on top of news that the company cut a quarter of its workforce as part of a strategic review and the swift departure of Philip Crawford as CEO.

Today's Q2 results show an increased operating loss of £7.7 million - up from £5.4 million in Q1.

At the same time turnover was down a smidge at £1.9million from £2 million in Q1.

InterX blames the poor results on the "significant reduction in the level of investment by companies in new e-business projects."

The company said it also failed to conclude any of its major sales prospects during Q2.

Said CE Simon Barker: "These results show why, in the last three weeks, the board has taken the actions that it has.

"The fundamentals of the business remain strong - we have the technology, the resources and the people to deliver a strategy that will return growth and profitability in the medium and long term," he said.

Shares in InterX fell sharply in early trading down 29p (19.66 per cent) to 118.5p. ®

Related Stories

InterX axes quarter of workforce
Crawford out in InterX boardroom putsch

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
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.