The European dot com industry is alive and kicking, despite the recent share slump in technology stocks, a new report claims.
Over half (57%) of European dot coms surveyed were making a profit, a report by PricewaterhouseCoopers has found.
And despite the recent spate of high profile start-up casualties, the online businesses surveyed remained bullish about future growth.
The average rate of turnover growth by the online businesses surveyed was predicted to hit 272% over the next year. The survey questioned dot coms in the UK, France, Germany and the Netherlands.
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Dot coms selling direct products and services have been having the most success, with 81% claiming to be in profit.