IT Morning Bulletin

IT Morning Bulletin

Results

Computacenter PLC - Final Results 

Financial performance:

·         Group revenues decreased 2.2% to £2.50 billion (2008: £2.56 billion)

·         Adjusted* profit before tax increased 25.8% to £54.2 million (2008: £43.1 million)

·         Adjusted* diluted earnings per share increased 31.9% to 27.7p (2008: 21.0p)

·         Additional interim dividend of 8.0p, in lieu of final dividend, bringing the total dividend for the year to 11.0p (2008: 8.2p)

·         Net cash prior to customer specific financing (CSF) was £86.4 million (2008: £4.6 million)

Tikit Group PLC - Final Results 

Financial Highlights:

·         Recurring support and outsourcing services revenues up 10.2%

·         Recurring cost base cut by £1 million per annum

·         Strong second half improvement in operating profit margin

·         Significant increase in net cash balances

·         Unchanged full year dividend of 6.0 pence per share

Group NBT PLC - Interim Results 

Highlights:

·      Strong performance in challenging markets

·      Revenue up 13% to £21.69 million

·      NetNames Platinum Service revenue up 15% to £6.75 million

·      Managed hosting revenue up 7% to £3.22 million

·      Underlying pre-tax profit* up 31% to £4.03 million

·      Underlying diluted EPS* increased by 39% to 12.09 pence

·      Proposed interim dividend increased by 40% to 1.40 pence

·      Net cash at period end of £8.83 million up from £5.16 million at 30 June 2009

IndigoVision Group PLC - Interim Report 2010 

Financial Highlights:

·    Revenues up 12% to £12.0m (6 months to 31 January 2009 £10.7m)

·    Operating profit unchanged at £1.2m

·    Earnings per share up 9% at 10.4p (6 months to 31 January 2009 9.5p)

·    Net cash balances increased to £3.9m (31 July 2009 £3.6m)

AFC Energy Plc - Preliminary Results - Amend 

Highlights of the year:

·    Successful trial of initial Alpha fuel cell system at Akzo Nobel in April 2009

·    Second chlor-alkali partnership signed with Ineos ChlorVinyls

·      Significant progress in both electrode specification and system design.

·      5 further patents applied for

·      Technical and management team strengthened to support anticipated growth

·      Operating costs further reduced

Enfis Group PLC - Preliminary Results 

Financial Highlights:

·      Revenue of £0.7m (2008: £1.6m)

·      Loss after tax of £1.8m (2008: Loss of £1.3m)

·      Year end cash of £1.0m and total borrowings of £58k

·      Incurred reorganisation costs of £0.3m in 2009

·      Corporation tax losses at 31 December 2009 - £3.3m

Trading Statements / Contract Wins / Acquisitions:

EG Solutions plc - Acquisition 

Elizabeth Gooch, Chief Executive Officer, commented:

"We believe that the acquisition of XTAQ is an excellent 'bolt on' to eg.  It strengthens our position in the back office optimisation market, extends our product range, expands our customer base and adds to our recurring revenues.  Furthermore, we consider that the sales prospects for Nuqleus 3D will be significantly improved by XTAQ being part of a larger and stronger business."

First Derivatives PLC- Trading Update 

First Derivatives (AIM:FDP.L, IEX:GYQ.I), a global technology and service provider to the capital markets industry, is pleased to announce that it expects to be able to report pre-tax profits for the year ended 28 February 2010 in line with market expectations.

The Board has considered the prospect for recommending payment of a final dividend at the time of the year end results. However, in view of the Government's tax increases from April 2010, the Board has approved payment of a second interim dividend of 4.0p per ordinary share on 31 March 2010 to holders on the register on 26 March 2010.

Datatec Limited - Trading Update 

The financial performance of the Group remains in line with the expectations set out in the Interim Management Statement on 14 January 2010. Accordingly, the Board expects revenues of between $3.7 billion and $4 billion, profit after tax* of approximately $44 million, underlying** earnings per share of approximately 29 US cents and both earnings* and headline* earnings per shareof approximately 23 US cents.

AGM & EGM:

Sanderson Group PLC - AGM Trading Update 

Miscellaneous:

Avisen PLC - Scheme of arrangement 

xG Technology Inc.- Directorate Change 

Raymarine PLC - Stmnt re Share Price Movement 

Newspaper Investment Highlights:

Times – Need To Know

Sony: The Japanese electronics group has become the latest company to confirm that it will start selling 3-D televisions this year. It added that it expects the new technology to account for about 10 per cent of the 25 million flat-screen televisions that it expects to sell during this financial year.

Fujitsu: The Japanese computer company has received a slap on the wrist from the Tokyo stock exchange after altering the reason given for the departure of its president in September when it said Kuniaki Nozoe had left because of illness. The company has since clarified that he departed because of his association with a company with an “unfavourable reputation”.

Cisco Systems: The US networking equipment maker unveiled a new generation of superfast internet routers, saying they would “transform” the internet with vastly increased speed and capacity.