Feeds

RM posts record profit

Top of the class

  • alert
  • submit to reddit

Boost IT visibility and business value

Schools provider RM, previously Research Machines, has posted a record profit for the first six months ended 31 March 2004. RM made a profit before tax and amortisation of £2.7m, reversing a £0.8m loss for the same period last year. The company turned over £108.9m, up 28 per cent on last year.

But the company warned that the results were the result of one-off benefits such as the weak US dollar and contributions from individual projects. Falling margins are also a concern to the company. It remains cautious of its full-year performance. RM usually sells far more kit to schools in the second half of the year.

RM CEO Tim Pearson said: "There is still more to do to compensate for declining margins in our more commodity ICT activities; nonetheless, the progress in developing a more robust and resilient business model continues.

"Results for the first half of the year are significantly ahead of the comparative period last year, partially reflecting some sizeable one-off benefits. For the year as a whole, education projects and the contribution from our recent acquisitions will contribute to turnover growth." ®

Related stories

RM wins £20m Newham gig
RM wins £30m Scottish gig
So why do so few UK schools use Open Source?
RM in recovery mode

Maximizing your infrastructure through virtualization

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.