News

Finance and Credit

  • November 02, 2012 02 Nov'12

    SCC poised to invest, acquire as SDG sale goes through

    Integrator SCC has been sharing more details of its proposed investment plan in the wake of its sale of its distribution arm, SDG, to Tech Data, which has now closed

  • November 01, 2012 01 Nov'12

    Insight reports sales, profits down in EMEA

    Resell giant Insight has taken a knock at its European operation after redundancy payments and restructuring costs ate into its operating profit during the third quarter

  • November 01, 2012 01 Nov'12

    Comet to fall into administration next week

    Troubled electricals and IT retailer Comet is to be placed into administrationwith around 6,000 jobs at risk across the UK

  • October 31, 2012 31 Oct'12

    Sales up but loss widens at ShoreTel

    Unified communications specialist ShoreTel has published its latest quarterlies and revealed that while its sales continue to grow at a steady lick, its balance sheet is still clouded by GAAP net losses

  • October 25, 2012 25 Oct'12

    Acquisition, development costs hit Colt Group profits

    Colt Group has booked a 3.2% decline in its EBITDA after its acquisitions of MarketPrizm and ThinkGrid and associated product development costs

  • October 24, 2012 24 Oct'12

    VMware profits dip as expenses rack up

    Although it booked growth across the board in licence and services revenues, VMware’s profits failed to keep pace with the runaway growth in virtualisation and cloud infrastructure in Q3

  • October 24, 2012 24 Oct'12

    Juniper Networks profit wiped out after restructuring

    Juniper Networks has seen its quarterly net profits for the three months to the end of September 2012 all but wiped out after a massive restructuring bill

  • October 22, 2012 22 Oct'12

    MicroScope's top stories, week ending 19 October 2012

    Our regular look back at the most popular ICT channel news stories from the past week

  • October 16, 2012 16 Oct'12

    Small firms forced to pass cost rises onto customers

    Small firms are facing a dilemma of either swallowing cost rises and losing money or passing them onto customers the Forum of Private Business has revealed

  • October 08, 2012 08 Oct'12

    MicroScope's top stories, week ending 5 October 2012

    Our regular look back at the most read content on MicroScope.co.uk from the past week

  • October 08, 2012 08 Oct'12

    HTC profits plummet 79% in Q3

    HTC has released financial figures showing a massive drop in profits as it struggled to keep up with rival mobile manufacturers

  • October 03, 2012 03 Oct'12

    SCH celebrates best ever year, plans major SCC investment

    SCC-parent SCH has brushed aside concerns surrounding the British economy to post its most successful financial year in its near 40-year history

  • September 28, 2012 28 Sep'12

    RIM losses narrow in transformative second quarter

    Floundering BlackBerry smartphone maker Research in Motion (RIM) has posted a substantially lower year-on-year loss for the three months to 1 September and claimed it is beginning to steady the ship

  • September 27, 2012 27 Sep'12

    Olympic effect leads to tough summer at Northamber

    The Olympics had a negative effect on channel trading after this summer's extended holiday feeling meant the phones at distributors were not ringing as often as they should

  • September 24, 2012 24 Sep'12

    Business bank latest scheme to kickstart SME credit

    The coalition government is set to announce a business bank with funds of £1bn is being set up to get more credit through to cash-strapped SMEs

  • September 21, 2012 21 Sep'12

    HP and Microsoft highlighted in US tax investigation

    HP and Microsoft have been used as examples of tax avoidance by a US Senate committee which is determined to highlight the extent to which the tech sector is exploiting legal loopholes to reduce their payouts

  • September 17, 2012 17 Sep'12

    MicroScope's top stories, week ending 14 September 2012

    Our regular rundown of the most read stories of the past week on MicroScope.co.uk

  • September 11, 2012 11 Sep'12

    Huawei set to pump £1.2bn into UK economy

    Ren Zhengfei, the CEO of expansive Chinese networking kit builder Huawei, is set to announce the creation of 700 new jobs in the UK

  • September 10, 2012 10 Sep'12

    MicroScope's top stories, week ending 7 September 2012

    Our regular look back at the biggest stories from the last week on MicroScope.co.uk

  • September 07, 2012 07 Sep'12

    Tough PC market causes Intel to revise outlook downwards

    Intel has seen its shares dip as investors react to its move to cut the forecasts for the third quarter citing weaker than expected demand for its chips

  • September 06, 2012 06 Sep'12

    Credit not making its way to SMEs

    Despite government schemes to get banks lending the latest figures show that money is still not making its way through to those smaller firms desperate for funding

  • September 05, 2012 05 Sep'12

    Corero boss Stewart steps down as half-year loss widens

    Corero Network Security international president André Stewart has stepped down from the firm to pursue outside opportunities as pre-tax losses for the six months to 30 June widened substantially.

  • September 03, 2012 03 Sep'12

    Phoenix finds £14m black hole in Servo accounts

    Stock at services player Phoenix IT has slumped after it revealed on Monday that it had uncovered evidence of a deliberate accounts misstatement at its midmarket managed services business Servo.

  • September 03, 2012 03 Sep'12

    MicroScope's top stories, week ending 31 August 2012

    Our weekly run down of the top 10 most read stories on MicroScope.co.uk.

  • August 31, 2012 31 Aug'12

    Computacenter hikes dividend but profits dip

    Computacenter has upped its interim shareholder interim dividend by 11.1% despite booking a 9.7% slide in adjusted pre-tax profit in the first half of its financial year.

  • August 29, 2012 29 Aug'12

    ANS proclaims i3 FlexPod architecture massive success

    Manchester-based services provider ANS Group has proclaimed its Infrastructure 3.0 (i3) proposition a rip-roaring success after powering to record profits and sales during the financial year ending 31 March.

  • August 28, 2012 28 Aug'12

    Kelway sees growth from cloud, Microsoft success

    Kelway has today reported a 17% rise in EBITDA for its fiscal 2012, along with a 35% uptick in topline sales thanks to growth in its cloud offering, and its acquisition of Microsoft LAR status.

  • August 28, 2012 28 Aug'12

    VMware kills vRAM licence scheme at VMworld

    In his first act as incoming VMware CEO, Pat Gelsinger used a VMworld keynote on Monday to ditch its controversial vRAM licensing scheme.

  • August 28, 2012 28 Aug'12

    MicroScope's top stories, week ending 24 August 2012

    Our weekly round-up of the most popular digital content here on MicroScope.co.uk.

  • August 23, 2012 23 Aug'12

    HP plunges to $8.9bn loss

    Hewlett-Packard has posted an enormous $8.9bn (£5.6bn) loss in the third quarter of its fiscal 2012.

  • August 22, 2012 22 Aug'12

    Dell taps HP’s Haas as PC revenues fade fast

    In a clear signal of its future intentions Dell has hired ex-HP Networking boss Marius Haas to run its enterprise unit, as its PC business struggles.

  • August 21, 2012 21 Aug'12

    Tech Data sees declines in sales and profits

    Both sales and net profit at Computer 2000 parent Tech Data have dropped in a torrid second quarter in which its performance failed to match predictions.

  • August 21, 2012 21 Aug'12

    IT bosses not sold on Coalition growth policy

    A survey of IT bosses by trade body Intellect has found that many feel the government does not understand their needs.

  • August 20, 2012 20 Aug'12

    Industry insolvencies up by a quarter

    Experian’s latest Business Insolvency Index for July makes sobering reading for the channel.

  • August 17, 2012 17 Aug'12

    Avaya financial boss out as losses mount

    Avaya has replaced its CFO Anthony Massetti, with JDS Uniphase financial bod and one-time Cisco man Dave Vellequette in the latest of a series of leadership changes at the communications firm.

  • August 17, 2012 17 Aug'12

    Brocade boss bails on a high

    Longstanding Brocade CEO Michael Klayko has decided to call it a day after the networking and storage firm posted across the board rises in sales and operating and net profit.

  • August 17, 2012 17 Aug'12

    Consumer sentiment hurting Acer

    Acer booked a slight decline in Q2 sequential revenues as the worldwide PC market continued to slide in the face of weak consumer demand.

  • August 16, 2012 16 Aug'12

    Little prospect of European recovery, warns Cisco

    Cisco CEO John Chambers has warned that he sees little prospect of a realistic European economic recovery in the next few quarters.

  • August 15, 2012 15 Aug'12

    Loss clouds ShoreTel figures

    Unified comms and cloud vendor ShoreTel has ended its financial year on a high with sales up but posted yet another quarterly net loss.

  • August 10, 2012 10 Aug'12

    Tech M&A activity grows but smaller deals hit values

    The level of tech M&A activity has hit the same level as last summer but smaller deals meant that the valuations were much lower in 2012

  • August 08, 2012 08 Aug'12

    Rackspace profits from hosted demand

    Growing demand for hosted cloud services has pushed quarterly revenues at sector bellwether Rackspace up 29% year-on-year to $319m (£203.7m), while net profit of $25m was up 49%.

  • August 07, 2012 07 Aug'12

    ABS teams up with Syscap in finance move

    Advanced Business Solutions has reacted to a sluggish economy by launching a finance offering in partnership with Syscap

  • August 06, 2012 06 Aug'12

    MicroScope's top stories, week ending 3 August 2012

    Our regular look back at the biggest stories on MicroScope.co.uk from the last seven days.

  • August 03, 2012 03 Aug'12

    More backing secured for prompt payments

    The government has secured the backing of the small business forum to do more to tackle late payments to aid small businesses

  • August 02, 2012 02 Aug'12

    Tin's in at Insight

    Insight’s EMEA business has turned in a massive 31% increase in hardware sales, pushing the unit to Q2 sales of $459.7m, up 14% year-on-year.

  • August 02, 2012 02 Aug'12

    Ingram Micro extends SME credit scheme

    Ingram Micro has taken the decision to keep its Credit Builder scheme going for a fifth year increasing the amount of funds available to resellers

  • August 01, 2012 01 Aug'12

    SME credit scheme kicks off

    The latest attempts by the government and the Bank of England to get credit flowing to small businesses has launched

  • July 31, 2012 31 Jul'12

    Education contracts deliver again for Corero

    Corero has said its strategy in the security sector is clearly paying off, but its DDoS business still grew at a slower rate than its software unit.

  • July 27, 2012 27 Jul'12

    UK delivers for Ingram Micro

    The UK has been highlighted as only one of two countries in Europe that have managed to deliver double-digit growth for Ingram Micro in the distributor's second quarter

  • July 19, 2012 19 Jul'12

    IT investment dips as banks fail to give credit

    Investment in the IT sector has dropped with the failure of banks to give credit cited by Syscap as as one of the main reasons for the problems

  • July 13, 2012 13 Jul'12

    Government takes wraps off latest SME credit scheme

    The Chancellor has unveiled the Funding Lending Scheme providing high street banks with access to cheaper lending which should then be passed onto SMEs

  • July 13, 2012 13 Jul'12

    Siemens lavishes funding on potential UC VARs

    Siemens Enterprise Communications (SEC) is offering a range of incentives to entice new partners into its unified communications channel programme.

  • July 12, 2012 12 Jul'12

    Fujitsu doubles channel PC rebates

    Fujitsu is to double the rebates partners are able to claim on its Lifebook notebook and Esprimo desktop lines under its Client Pay4Performance promotion.

  • July 10, 2012 10 Jul'12

    SMEs still struggling to get support from banks

    The Forum of Private Business has revealed that large numbers of SMEs are still struggling to get credit from banks, undermining their efforts to grow their businesses

  • July 08, 2012 08 Jul'12

    MicroScope's top stories, week ending 6 July 2012

    Our weekly round-up of the top 10 most read stories here on MicroScope.co.uk

  • July 05, 2012 05 Jul'12

    Morse swells revenues but profits still elusive at 2e2

    2e2 releases its financial results for 2011 revealing that the business is cutting its losses and its transition to an industry vertical approach is paying off

  • July 05, 2012 05 Jul'12

    ZyXEL finance scheme targets SME channel sales

    ZyXEL has launched a new financing scheme to target channel deals worth between £5,000 and £200,000.

  • July 04, 2012 04 Jul'12

    Smith steps back as Redstone losses narrow

    Redstone chairman Ian Smith has stepped back from the role he took on in 2010 as the IT and networking integrator consolidates its recovery.

  • July 04, 2012 04 Jul'12

    Defunct Norbain sold off in pre-pack deal

    Video and security distributor Norbain has been thrown a lifeline by holding company Newbury Investments (UK) Ltd, after falling into administration on 29 June.

  • June 29, 2012 29 Jun'12

    RIM battered as BlackBerry strategy crumbles

    Research In Motion's smartphone strategy lies in tatters today after the firm conceded its BlackBerry 10 operating system will be delayed to at least the first quarter of calendar 2013.

  • June 27, 2012 27 Jun'12

    Welcome to the new look MicroScope

    Welcome to the new look MicroScope. All the news, analysis and opinions updating you on the latest channel developments are here on a freshly redesigned web site.

  • June 25, 2012 25 Jun'12

    MicroScope's top stories, week ending 22 June 2012

    Our regular look back at the top 10 most read stories on MicroScope.co.uk from the past week.

  • June 21, 2012 21 Jun'12

    Daisy losses narrow as sales bloom, considers dividend

    Daisy Group has cut its annual operating losses from £15.8m to £13.1m for the 12 months to the end of March, and sales at the b2b comms specialist have risen by 30% to £348.6m, with EBITDA also up to £56.3m.

  • June 15, 2012 15 Jun'12

    Government promises to do more to ease credit flow

    Government takes more measures to try and help get credit flowing to small businesses

  • June 14, 2012 14 Jun'12

    Opex pitch not the magic bullet

    In an unpredictable economy the idea of selling opex, which can tie a user in to a commitment for several years, might not be attractive to customers.

  • June 01, 2012 01 Jun'12

    In-depth: Avoiding becoming a victim of corporate ID fraud

    A quick scan of identitytheft.org.uk, a government website backed by organisations and companies with an interest in reducing fraud, is enough to put the frighteners on any law abiding reader, writes Adam Bernstein.

  • May 31, 2012 31 May'12

    Millions of pounds on offer for ICT research projects

    The Technology Strategy Board is trumpeting the £20m of government investment that is heading to high-tech firms with projects that could provide a crop of world-beating home-grown products.

  • May 31, 2012 31 May'12

    SMEs look for credit to fuel growth ambitions

    SMEs are planning to grow their businesses if the economy doesn't cause them too many problems with more looking for credit and finance to grow in the next few months.

  • May 28, 2012 28 May'12

    Restructuring costs wipe out Phoenix profits

    Full year pre-tax profit at IT services provider Phoenix IT Group has plunged 85% after the firm booked non-recurring costs of £14.9m relating to its ongoing re-organisation programme and £8.1m relating to the end of the ICM brand.

  • May 24, 2012 24 May'12

    HP slashes staff, restructures as profits plunge 31%

    HP has announced plans to ditch 27,000 jobs, or 8% of its workforce, and will embark on a radical restructuring programme in a bid to cut costs of between $3bn to $3.5bn (£1.9bn to £2.2bn) over the next two years.

  • May 23, 2012 23 May'12

    Lenovo growth outpaces PC market again

    Lenovo has proven once again that it seems to have hit on a secret formula for growing PC sales, after powering to record full-year numbers and booking quarterly sales growth of 54%, making it the fastest growing 'top four' PC vendor for the 10th ...

  • May 23, 2012 23 May'12

    Michael Dell pins Windows 8 hopes on consumer upgrades

    Michael Dell has spoken of his hopes for the upcoming launch of Microsoft Windows 8, saying that although enterprise buyers were still in the process of upgrading to Windows 7 and would tend to hold off, there were early signs of a massive refresh ...

  • May 22, 2012 22 May'12

    KCOM profits swell despite group sales decline

    Unaudited annual pre-tax profit at KCOM Group has grown by more than 55% to £51.1m as a result of increased EBITDA and reductions in both exceptional costs and the overall cost of borrowing.

  • May 21, 2012 21 May'12

    Tech Data reports mixed first quarter, sales down, profits up

    Quarterly sales at Computer 2000 parent Tech Data have fallen substantially short of expectations, dropping 7.9% to $5.8bn (£3.6bn) in a torrid macroeconomic environment, with weak foreign currency performance against the US dollar accounting ...

  • May 18, 2012 18 May'12

    Post-Comet life remains tough for Kesa

    Electrical retailer Kesa has found life without Comet not much easier after weak economic conditions took their toll on the high-street player. Having off-loaded Comet to Opcapita for the princely sum of £2 back in February the latest trading ...

  • May 16, 2012 16 May'12

    Poor strategy leaves IT organisations unaware of debt issue

    New global research confirms IT organisations need a more robust application portfolio management strategy to curb IT debt and inform mainframe investments, writes Linda Endersby.

  • May 16, 2012 16 May'12

    Exclusive sales power to quarterly high

    Self-styled superVAD Exclusive Networks has booked first quarter sales of €62m (£49.5m), breezing comfortably past both sales and margin targets with 29% year-on-year growth.

  • May 16, 2012 16 May'12

    Datatec despairs of UK economy

    Datatec, the South Africa-based group behind Westcon and logically, has reported a solid end to its fiscal 2012 which closed on 29 February, but once again has bemoaned a challenging economic environment in the UK, revealing that the bulk of its ...

  • May 15, 2012 15 May'12

    Cutting taxes and red tape pitched as way to encourage growth

    With the Eurozone economic crisis deepening the pressure is being raised for the government to do more to help British businesses.

  • May 11, 2012 11 May'12

    Dixons trading year ends on positive note

    Dixons Retail has published trading results for the 16, 28 and 52 weeks ending 28 April 2012, showing sales down but better than expected, writes Linda Endersby. Although total group sales were down 3% over the year the period had a positive end ...

  • May 10, 2012 10 May'12

    Cisco bosses round on Huawei

    Cisco's top brass have again shown they have Huawei on their minds, talking extensively about the competition and in particular their response to the growth of their Chinese rival on a conference call marking the end of Cisco's third quarter.

  • May 04, 2012 04 May'12

    Leasing becoming an option for cash-strapped firms

    More customers are turning to leasing as a way to get access to funds in a bid to catch up on a few years of sluggish IT investment. Research carried out by Equanet has highlighted a three-year gap in technology investment, which is hampering ...

  • May 01, 2012 01 May'12

    Cloud purchase pays off for ShoreTel, but net profit still elusive

    ShoreTel's 1 February acquisition of cloud communications vendor M5 Networks looks to be paying off, the firm has revealed.

  • April 27, 2012 27 Apr'12

    Ingram Micro's Monié fuels midmarket M&A fire

    Ingram Micro CEO Alain has spoken again of his willingness to grow the business through acquisitions, pointing to the midmarket as a potential target.

  • April 27, 2012 27 Apr'12

    Northamber's strategy starting to stir more optimism

    Northamber continues to move away from "high volume but empty revenue" business but has been forced to make redundancies in its logistics operations to keep on track.

  • April 27, 2012 27 Apr'12

    Avnet sales down on Euro crisis, but margin boost cheers distie

    The Eurozone debt crisis weighed heavily on Avnet's third quarter results, dragging down overall sales by just under 6% to $6.28bn (£3.88bn) as both Electronics Marketing (EM)and Technology Solutions (TS)divisions booked double digit declines ...

  • April 26, 2012 26 Apr'12

    IT insolvencies rise as UK heads back into recession

    The number of IT firms hitting the wall grew last month revealing the cost to businesses of struggling to keep trading in a double-dip recession.

  • April 25, 2012 25 Apr'12

    Business unit star performer for Virgin Media

    Virgin Media Business (VMB) has been hailed as the star performer in comms provider Virgin Media's latest quarter, with 7.1% growth in unit sales to £170.4m contributing close to 50% of the group's overall growth.

  • April 25, 2012 25 Apr'12

    Apple sour on PC tablet convergence

    Tim Cook has dismissed the idea that Apple may look to converge its iPad and MacBook lines in the future, and said that while other endpoint hardware vendors may try to go down that route, it would likely be "from a defensive point of view."

  • April 20, 2012 20 Apr'12

    OpenStack not yet a mature competitor, says VMware CEO

    VMware CEO Paul Maritz has dismissed Rackspace's OpenStack cloud computing project as "relatively immature" and not yet a competitive threat to the vSphere environment, saying that VMware's greater, nearer-term challenge will come from Microsoft.

  • April 20, 2012 20 Apr'12

    In-depth: HMRC goes real time

    Soon to be compulsory, employers need to know about Real Time Information (RTI), a project launched by the government some 18 months ago to overhaul the way PAYE is run in the UK, writes Jason Piper.

  • April 17, 2012 17 Apr'12

    Notion to back cloud firms with $150m investment fund

    Investment specialist Notion Capital has unveiled plans to invest up to $150m in cloud computing and Software as a service (SaaS) companies in the UK and Europe.

  • April 10, 2012 10 Apr'12

    Palo Alto in $175m IPO bid

    Network security vendor Palo Alto Networks has taken the first step along the road to going public, filing a registration statement with the SEC ahead of an IPO that it is thought could value the fast-growing enterprise firewall specialist at as ...

  • April 05, 2012 05 Apr'12

    Gartner revises quarterly IT forecast down on dollar fears

    Worldwide IT spending now looks set to hit $3.7tn (£2.3tn) for 2012, up 2.5% on 2011 but down by 0.2% on previous estimates, according to Gartner's latest market outlook.

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