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Articles about Phoenix It Services

Phoenix IT Group injects fresh blood, hopes to heal from accounting boo-boos

Troubled Northampton-based player Phoenix IT Services has quietly introduced new blood to the organisation. The IT services specialist recently posted numbers for the halfway (30 September) point in fiscal 2013, with sales diving £7m to £124m and operating profits falling to £9.9m from £14m (restated) in the previous year. This …
Paul Kunert, 11 Dec 2012
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Daisy Group hoovers up Indecs Computer Services for £18m

Serial swallower Daisy Group has carved another notch on the IT bedpost after coughing £18m to consume mainframe support and maintenance specialist Indecs Computer Services. Redditch-based third party maintainer ICS provides tech support on servers from multiple vendors including HP, IBM, Dell, Oracle and Cisco with Daisy …
Paul Kunert, 28 Oct 2013
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Phoenix restructure sends profits down in flames

Phoenix IT Group saw its wings decisively clipped over the last year, as a wide-ranging restructure battered profits and helped knock sales off-course in an already tough market. The services group insisted it was confident it will see revenue growth over the current year, but remained “cautious” about its likely performance in …
Joe Fay, 28 May 2012
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Phoenix IT sales up but op profit down

Rising demand for outsourced services boosted Phoenix IT Group's top line growth in fiscal 2011 but the cost of funding the firm's continued shift to the cloud saw operating profits dip. According to prelims, revenues climbed 10.5 per cent to £271.6m, operating profit fell by £500,000 or 1.6 per cent to £29.6m and pre-tax profit …
Paul Kunert, 07 Jun 2011
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Phoenix warns of 5% rev fall in Q1

Services firm Phoenix IT Group has warned that first quarter revenue fell five per cent compared to same period a year earlier. The Northampton-based company, in an interim management statement, blamed a sharp decline in product sales and associated professional services in the mid-market division. For the three months ended 30 …
Kelly Fiveash, 31 Jul 2009
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Phoenix glides serenely over recessionary ashes

Services group Phoenix reckons an early start on preparing for the downturn means that it will be able to weather the storm better than some of its competitors. The firm made the hostage-to-fortune statement as it announced revenues of £253.2m for the year to March 31, up 9.7 per cent on last year. Pre-tax profits were £15.6m, …
Joe Fay, 01 Jun 2009
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Phoenix IT results show contract pain

Phoenix IT Group managed to hold up revenues and profits despite contract changes at its biggest customer. For the six months ended 30 September revenues were down to £54.4m from £54.8m for the same period last year. Profit before tax was £9.2m compared to £8.9m for the same six months of 2005. There are some delays in …
John Oates, 27 Nov 2006
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Phoenix maintains gentle ascent

The disaster recovery business has been keeping Phoenix IT Group heading skyward. Revenues were up overall by 16.3 per cent to £126.7m, which included five months of sales from Servo Computer Services, the SME IT services and product sales business that Phoenix acquired in November 2006. Excluding the Servo figures, "the like- …
Mark Ballard, 21 May 2007