Feeds

Morse FY sales, profits down

Weak start to new year

  • alert
  • submit to reddit

Morse, Europe's biggest Sun and HP reseller, saw sales and profits slump for the full year to June 30. And this year is slightly weaker than last.

Sales were down 21 per cent from £586.1m to £465.2m, while Earnings before Bad Stuff fell 32 per cent to £24.3m. Pile in the Bad Stuff - exceptionals/ amortisation of goodwill etc - and the company records a pre-tax loss of £124,000, against £19.2m in the black last time around.

Morse says it will continue to reduce costs 'wherever possible', while ensuring that the fabric of the business is not damaged. Considering that Morse has been in cost-cutting mode for many months now, it will be interesting to see how much more fat can be squeezed.

Morse results.

Whitepapers

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.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.