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Storage buoys InTechnology

Sales up, losses down

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Network and storage specialist InTechnology increased turnover by 42 per cent to £223.5m for the year ended 31 March 2004 and credited increased demand for storage services for the growth.

The company reduced group operating losses for the year to £3.8m from £6.6m for the year before.

Charles Cameron, chief executive at InTechnology, said: "Relentless growth in storage volumes, increased concerns over data security and the network, and the growing burden of regulatory compliance for businesses provide a healthy background to demand for our products and services."

For the year ahead the company will concentrate on integrating its UK sales, marketing and professional services divisions into a unified structure.

A summary of results is available for download here. ®

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