Computerland UK issues profits warning

Contracted revenues up

Computerland UK, the Nottingham-based corporate reseller, has issued a profit warning - the company says it will make £300k PBT for its full financial year.

This means it lost money in the second half of the year. Sales were up in the second half of the year to 30 April - but not as much as it had expected. Growth was slower than in the first half, the company says.

The villains of the piece were the product and the Netman desktop management businesses which traded below expectations. But services - outsourcing, hardware support and remote management - grew in line with forecasts.

These also produce recurring revenues - something that City IT analysts love. Computerland says that significant new contract wins will flow through its new financial year and beyond.

Joining the company as an executive director is Peter Jaggard. Currently an NED, Jaggard was once Northern regional manager for Computacenter. ®

The Register has a new section for resellers. It's called Channel Flannel. And there is a permanent link to the section on the front page.

The article above also appeared in Microsoft Partner, a site for UK resellers only.