The channel continues to buck the economic trend, with the usual suspects reporting good financial results last week.
Vendor Software AG reported turnover of Eu159.1m (£97.8m) for its second quarter ended 30 June, up 56 per cent on last year. Operational profit before exceptional items was Eu31.7m, compared with Eu16.3m last year.
E-services software provider eGain reported fourth-quarter turnover of $14.1m (£9.9m), up 125 per cent on last year's $6.3m. The firm made a loss, before items, of $8.3m, compared with a loss of $13.3m for the previous quarter. Chief financial officer Harpreet Grewal said the company was "resilient, despite a challenging market".
StorageTek is also doing well, with turnover for its second quarter ended 29 June almost the same as the previous year at $512m.
However, distributor Ingram Micro did less well, posting a loss of $12m. Turnover for the quarter was $6bn, 18 per cent down on $7.3bn a year ago.
Greg Spierkel, president of Ingram Micro Europe, said the company was "doing everything it could" in a difficult market, and hoped to return to operating profitability in the third quarter.
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