While the US technology market seems to be facing a tough time, the UK channel has been given a shot in the arm, with reseller Morse reporting a 57 per cent increase in turnover for its interim financial results.
The Middlesex-based technology integration and IT services company reported a turnover of £308m for the six months ended 31 December 2000, compared with £203m in the same period last year.
Mark Byatt, managing director, said: "One of the main reasons we have been so successful is our evolution along with the changing requirements of our customers."
Pre-tax profit rose by 35 per cent to £196m, against £145m the previous year. The company reported an overseas operating profit of £2.5m, compared to £600,000 in 1999.
Morse said it had seen strong growth in financial services, which grew by 37 per cent, telecommunications, up 80 per cent, and the general commercial market, which increased by 35 per cent.
Professional services such as customer relationship management, venture management, managed services and integration saw a combined growth of 106 per cent.
Also published in Computer Reseller News
Fall in shipments through distribution in first six weeks of Q4 are an indicator that Black Friday could be a damp squib, according to analyst Context
CEO Justin Harling and COO Richard Behan buy out other shareholders
UK chief executive Cindy Rose says the proposed deal is needed to maintain the 'free flow' of data
Contingency plans follow Carillion's demise earlier this year