Proact's accounting switch knocks £8m off its Q1 sales

Doug Woodburn
clock • 1 min read

Storage integrator is now recognising supplier guarantees and maintenance over course of contract

Pan-European storage integrator Proact has posted a 13 per cent fall in quarterly revenues following its application of a new accounting standard. Under the IFRS 15 standard, Proact has changed ...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
What do 12 leading women in the channel really think about International Women's Day?

Reseller

What do 12 leading women in the channel really think about International Women's Day?

CRN spoke with influential women in the European channel to hear their candid thoughts about IWD, and what their experiences have been

clock 07 March 2023 • 22 min read
How have partners made their businesses more sustainable this year?

Reseller

How have partners made their businesses more sustainable this year?

We quizzed six UK and European resellers and distributors bosses on what they have done internally to bolster their environmental commitments

clock 08 December 2022 • 7 min read
Proact UK rocked by delivery delays in Q4 results

Reseller

Proact UK rocked by delivery delays in Q4 results

Strong performance in cloud and services business was not enough to power the Swedish group to growth in its Q4 or full-year sales figures

clock 10 February 2022 • 2 min read
Doug Woodburn
Author spotlight

Doug Woodburn

View profile
More from Doug Woodburn

Infinigate CEO takes aim at APAC and fresh M&A after brand revamp

Shannon and Hodgson on 'amicable' ANS exit and future plans

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

Get the newsletter

More on Storage

Industry Voice: Dell Technologies PowerStore Unleashes New Cyber Resiliency, Energy Efficiency Upgrades
Storage

Industry Voice: Dell Technologies PowerStore Unleashes New Cyber Resiliency, Energy Efficiency Upgrades

Dell
clock 09 January 2024 • 2 min read
Storage

Why the channel is chattering about immutable storage

CRN delves into the phrase being bandied about by vendors and resellers to find out why this old concept got a new name and whether the rebrand is working

Marian McHugh
Marian McHugh
clock 05 October 2020 • 5 min read
Storage

'Revolutionary' storage start-up taps HPE channel as it emerges from stealth

Nebulon to sell 100 per cent through HPE and other server vendors as it emerges from stealth mode

Doug Woodburn
Doug Woodburn
clock 23 June 2020 • 2 min read