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back to article Phoenix IT sales up but op profit down

Rising demand for outsourced services boosted Phoenix IT Group's top line growth in fiscal 2011 but the cost of funding the firm's continued shift to the cloud saw operating profits dip. According to prelims, revenues climbed 10.5 per cent to £271.6m, operating profit fell by £500,000 or 1.6 per cent to £29.6m and pre-tax …

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  1. mark 63 Silver badge

    allow me to be first....

    cos i dont think anyone will comment on this 'exciting development'

    everything i know about what happens elsewhere in my copmpany i read in the news!

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