Phoenix IT Group has reported turnover up 32 per cent to £54.8m for the six months ended 30 September 2005, compared to £41.5m in the same period in 2004. Profit before tax was up 25 per cent to £8.9m compared with £7.1m for the same period a year ago.
Commenting on the results, Nick Robinson, chief executive of Phoenix, said: “These results reflect an encouraging start to the year. During the period we continued to grow in terms of revenue and profits and worked closely with our customers on new business opportunities and maintaining a high level of contract renewals.
“In addition, we broadened the range of services available to our customers, particularly in disaster recovery and business continuity services through the acquisition of NDR, and entered into framework service agreements with a number of the major offshore service providers and leading business process outsourcing organisations.”
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