Integrator 2e2 showed growth in both turnover and profit last year in its first annual results published since its acquisition of Compel in March 2007.
Turnover for the year was up 42 per cent to £203m, over £70m of which came from Compel. Operating profit increased 32 per cent to £10.3m, more than a third of which stemmed from the acquisition.
Chairman of 2e2 holdings Eric Priestley said: "Against a background of increased competition and tough market conditions, our performance demonstrates the importance of our commitment to innovation and an expanded overall customer offering, as the basis for long-term presence and attractiveness as a quality provider of IT solutions."
Chief executive Terry Burt added: "2007 was another strong year for 2e2 with excellent progress being made across the business. Our run-rate business was once again augmented by strong managed services growth and by some pleasing major project wins, as 2e2 was recognised time and time again as an innovative and high-quality solutions and services partner. Compel, our latest acquisition, performed well and we are delighted to welcome their customers and staff into the organisation."
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