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.
Dot coms selling direct products and services have been having the most success, with 81% claiming to be in profit.
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