IDE commits to more cost cutting action as pandemic eats away at profits

Marian McHugh
clock • 1 min read

MSP says it is already enjoying fruits of £22.5m contract win last month

AIM-listed IDE Group's is expecting its revenes to fall sharply and its profits to be slashed for its full-year 2020 results as Covid impacted its business. The managed service provider, ranked ...

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
AI, services and an internal reorg: The big takeaways from SoftwareOne's full-year results

Reseller

In its first set of results since its strategic review, the Swiss solutions provider asserted its services focus and laid out a new vision

clock 16 February 2024 • 3 min read
Bechtle posts seven per cent growth despite challenging economy

Reseller

German IT solutions provider Bechtle exhibited continued business expansion and solid financials in its 2023 fiscal year

clock 06 February 2024 • 1 min read
ServiceNow CEO: GenAI a 'once-in-a-generation secular trend'

Vendor

‘There's a real appetite to invest in GenAI. And there's no price sensitivity around it because the business cases are so unbelievable. I mean, if you're improving productivity 40 percent, 50 percent, it just sells itself. So I think we're at a really, really good place. The GenAI investments are coming. We're actually getting orders because we have great product,’ says ServiceNow chairman and CEO Bill McDermott.

clock 26 January 2024 • 6 min read

Sign up to our newsletter

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

More on Financial and Reporting

Gartner halves global IT spending forecast as inflation 'throttles' budgets

Gartner halves global IT spending forecast as inflation 'throttles' budgets

The analyst also blames a tight labour market for the straitened spending conditions

Kelsey Rees
clock 18 January 2023 • 2 min read
Telefónica Tech joins big league as revenues soar past €1bn

Telefónica Tech joins big league as revenues soar past €1bn

Advanced technologies specialist sees year-to-date revenues leap 71 per cent to €1.02bn

Doug Woodburn
clock 07 November 2022 • 1 min read
RM's shares tank by a third as ERP rollout hits profits

RM's shares tank by a third as ERP rollout hits profits

RM’s £60m-revenue RM Technology arm still expected to grow in fiscal 2022, however

Doug Woodburn
clock 17 October 2022 • 1 min read