RM meets expectations

Education sector proving resilient as RM announces solid full-year results

Education PC giant RM has announced encouraging results in line with management’s expectations for the year to 30 September 2008.

Group revenue rose by 7 per cent on 2007 to £289.5m and adjusted profit before tax jumped 6 per cent to £16.4m compared to £15.5m for 2007.

Terry Sweeney, chief executive of RM, said: “Our Education Resources business has grown by 51 per cent and our international activities have nearly doubled in size and now contribute six per cent of revenues.

“We operate in a resilient market. Education is a priority for the developed and developing world and, in the UK, which still represents the majority of revenue; customers have three year visibility of budgets.”

The beginning of this month saw RM acquire interactive classroom provider Computrac for $8m (£5.04m), to expand its presence across the pond.