Feeds

'Lumpiness' blamed for Fibernet sales slide

Unpleasant in business and custard

HP ProLiant Gen8: Integrated lifecycle automation

Fibernet has admitted that it suffered a "disappointing" six months thanks to "lumpiness" in the market. The Basingstoke-based firm - which provides carrier services to large enterprises, other telcos and ISPs, and is also a potential take-over target - has struggled to turn sales opportunities into firm orders, it said today publishing its first half results.

Total revenue for the six months to April fell to £23.7m compared to the £24.2m generated in H1 2005. At the same time, pre-tax loss narrowed to £1.1m compared to £1.9m during the same period last year.

The telco also revealed that the total value of new contracts fell to £20.6m - down on the £24.1m generated during the same period last year.

Chief exec Charles McGregor said that Fibernet "had a disappointing first half year" with new orders "less than expected".

"This was due principally to the delay in the signing of a small number of larger contracts," he said. "Whilst this lumpiness is an ongoing feature of our markets, the niche business we target with major companies continues to grow." ®

Reducing security risks from open source software

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.