Several major channel players have posted increases in turnover, despite growing fears that the world economy is falling into recession.
Security vendor Check Point Software posted a 99 per cent increase in second-quarter (Q2) profit, reporting $86.8m for the period ended 30 June, compared with $43.6m the previous year. Turnover for the quarter stood at $142.1m, a 57 per cent increase on last year's $90.6m.
Ebusiness software vendor PeopleSoft revealed "record" Q2 results, with a 27 per cent increase in turnover to $533m. Profit rose by 188 per cent to $46m, compared with $16m the previous year.
UK-based chip developer ARM Holdings also bucked the trend, seeing a 56 per cent increase in turnover to £36m, compared with £23.1m the year before. Pre-tax profit rose by 46 per cent to £12.2m, compared with last year's £8.3m.
Warren East, chief operating officer at ARM, said: "We are very pleased with our progress in the first half of what has clearly been a difficult year for the technology sector."
Peripheral manufacturer Logitech posted a 26 per cent Q1 growth for the period ended 30 June. Turnover was $177.9m, compared with the previous year's $141.4m. Profit rose to $6.3m, compared with $5m last year.
However, some of the biggest channel players appeared to be suffering from the slowdown.
Systems and services giant Compaq posted a turnover of $8.5bn, compared with $10.1bn a year ago, and the firm saw profit drop to $67m, compared with $388m in the same period last year.
Software vendor Computer Associates posted a loss for its Q1 ended 30 June. Turnover was $713m compared with $1.1bn for last year, and the company reported a loss of $342m, compared with a $24m profit the previous year.
Security software giant Symantec blamed "weak spending" and "negative foreign currency" for its fall in profit, from $47.7m in June last year to $33.9m this year. Turnover rose to $228m, compared with $225.4m last year. The figures include results of operations from the acquisition of Axent Technologies.
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