Feeds

Thus results paint rosier picture

We'll make a profit this year

Internet Security Threat Report 2014

Telecoms company Thus, spun off from Scottish Power in 1999, pulled in revenues of £532.7m in the year ended 31 March 2007.

While this was 52 per cent up on the previous 12 months, the firm still managed an operating loss of £9.5m.

Operating losses during the previous year were £11.6m, so things are going in the right direction, if slowly.

Thus has had an interesting year, announcing several high profile contracts to provide broadband in the Highlands, as well as decent customer wins away from home.

The company has also been busy integrating it's acquisitions, Legend and Your Communications, a process which has "proceeded ahead of plan with increased synergy savings for less cost than originally anticipated", chief executive William Allen said.

This involved the culling of 280 jobs, as well as removal of other duplicated resources, which were predicted to save the company £25m a year.

Allen then trumpeted the company's claim that 55 per cent of its gross is now coming from next-generation customers - those not using basic voice, leased lines, frame relay or ATM services - before promising that this will be the year when Thus finally moves into operating profit. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.