The Register® — Biting the hand that feeds IT

Losses triple at InterX

Down down, deeper and down

UK software outfit InterX today reported widening losses.

The company said pre-tax losses reached £60.6 million for the 11 months ended June 30. This compared to losses of £20.6 million for the full year ended August 5 2000.

The figures included a £1.6 million restructuring charge - this covered costs associated with 58 redundancies earlier this year. The company headcount is currently 134.

Sales for continuing operations at the Middlesex-based company were £5.6 million, compared to £3.2 million a year earlier.

The job losses and restructure followed disappointing sales of InterX's eCRM platform Bladerunner.

It has since switched strategy, and now uses Bladerunner as a platform for other software products -the first of these, Net2020, was launched two months ago.

Richard Jewson, InterX chairman, said the world technology market had seen "enormous upheaval" during the 11 month period ended June 30.

But the company said it remained confident that it would see "significant revenue growth" during the current financial year. ®

Related Stories

InterX turnover halves
InterX axes quarter of workforce

IT is evolving the UK workforce, read more here

Don’t Miss

email symbolStill sending naked email? Get your protection here

Security How-to Buckle your seatbelt, encrypt your bits

Google's Satan phoneT-Mobile G1 Google Android-based smartphone

Review Operating System 1, Hardware 0

Ubuntu teaser Ubuntu 8.10 - All Hail new Network Manager

Review The good kind of UI theft

OpenOffice_logoOpenOffice 3.0 - the only option for masochistic Linux users

Review And linear optimizing Mactards