Colt sales down despite strong managed services performance

Network and cloud integrator Colt has booked a slight decline in sales at the end of its financial 2011, with strong growth in nascentmanaged services sales notyetenoughto offset declines on voice. Total sales at Colt were down 1.9% to €1.55bn (£1.31bn), while operating profit before tax and e

Network and cloud integrator Colt has booked a slight decline in sales at the end of its financial 2011, with strong growth in nascent managed services sales not yet enough to offset declines on voice.

Total sales at Colt were down 1.9% to €1.55bn (£1.31bn), while operating profit before tax and exceptional items fell 6.6% to €72m. Post tax profit decreased by 38.5%, excluding restructuring charges booked in fiscal 2010.

Managed services sales were up 7.9% to €186.2m, while data sales were flat at €805.1m. Voice continued its long-term decline, down 7.7% to €563m, Colt revealed this morning.

In spite of a lacklustre performance on the revenue front, CEO Rakesh Bhasin hailed Colt's progress in its restructuring programme, and vowed the firm would regain its swagger in 2012.

"We are Europe's leading information delivery platform and the hard work by our team in 2011 lays a strong foundation to return to revenue growth," he said.

 

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