Articles about Phoenix It Services

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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 …
Paul Kunert, 7 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 …
Kelly Fiveash, 31 Jul 2009

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