Feeds

Thus results paint rosier picture

We'll make a profit this year

Beginner's guide to SSL certificates

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. ®

Choosing a cloud hosting partner with confidence

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
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.
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.