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Sharecast News | 22 May, 2017

International ICT company Datatec's shares were flat mid morning as it posted falls in its full-year revenue and pre-tax profit.

The company's full-year pre-tax profit was $41.7m, from $88.4m. Revenue was $6.1m, down from $6.5m.

"The year ended with a very challenging set of circumstances as Westcon-Comstor's SAP and BPO implementation negatively impacted the results of the EMEA region," said chief executive Hens Montanana.

"Logicalis' performance was satisfactory with a continuing trend towards a higher margin services business," Montanana said.

"The strategic value of our businesses is affirmed by the unsolicited approach# for a major share of Westcon-Comstor's operations."


AIM-quoted Cerillion's shares rose more than 4% as investors reacted warmly to its first-half results, which saw revenue, profit and dividend all improve.

"We have made pleasing progress over the period, delivering increased profitability, in line with management expectations," said chief executive Louis Hall.

"Our core enterprise software business secured significant new orders, including two new customer wins, as well as a major follow-on contract with an existing customer.

"These new wins, combined with our back order book which stands at a record high, will help to underpin the Group's ongoing performance."

Hall added that, with ith a strong level of contracted sales in place, directors expected further progress over the second half.

They further believed that Cerillion was well positioned to meet its full-year expectations."

Revenue for the half year was up 10% to £7.5m, with interim dividend improving 8% to 1.4p a share, from 1.3p. Pre-tax profit rose to £924,615, from £703,474.

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