Feeds

DCC issues IT distie profit warning

Price deflation and difficult trading

Combat fraud and increase customer satisfaction

Shares in Irish business services group DCC fell sharply yesterday following a profits warning from the company.

IT made up 21 per cent of the firm's operating profits last year and news that the division was struggling knocked ten per cent off DCC shares. The company said poor trading got worse in July and August.

Gem Distribution, its UK business which distributes games and retail software, has been hit hard by the decline in retail consumer spending. The games market is expected to pick up with the arrival of Microsoft's Xbox 360 later this year but this is unlikely to have an impact on trading.

DCC's UK and continental distribution businesses Micro Peripherals and Distrilogie have also been hit by price deflation and difficult trading.

DCC warned that group profits, and earnings per share, for the six months are likely to be down by as much as ten per cent. The company's energy, food and business services divisions are all performing well.

Read the whole statement here. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.