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Morse FY sales, profits down

Weak start to new year

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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

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
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?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.