Feeds

'Lumpiness' blamed for Fibernet sales slide

Unpleasant in business and custard

Intelligent flash storage arrays

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." ®

Beginner's guide to SSL certificates

More from The Register

next story
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
Turnbull should spare us all airline-magazine-grade cloud hype
Box-hugger is not a dirty word, Minister. Box-huggers make the cloud WORK
SanDisk vows: We'll have a 16TB SSD WHOPPER by 2016
Flash WORM has a serious use for archived photos and videos
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
Microsoft adds video offering to Office 365. Oh NOES, you'll need Adobe Flash
Lovely presentations... but not on your Flash-hating mobe
prev story

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
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?
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.