Energis claims to have turned a corner, posting its first annual profit since the severe restructuring at the telco in 2002.
For the 12 months to 31 March, it made a pre-exceptional item profit of £10m on revenues of £745m – actually down three per cent year-on-year – compared to a year-ago loss of £369m.
Eamonn O’Hare, CFO at Energis, told silicon.com: “New, post-restructuring Energis has a very different strategy. We are concentrating on a smaller number of larger customers, all in the UK.”
He said the telco now hopes to grow revenues on a high-quality customer base, measuring around 2,000 organisations, down from an all-time high of more than 6,000. As well as holding on to 1990s accounts such as the BBC and Trinity Media, £300m of new, often long-term business won in the past year includes Boots, Centrica, FT Group and Wanadoo. [via silicon.com]
That’s good news for them, Boot’s is an IBM customer and it’s a IBM/Energis partnership running the network. IBM is providing the management of the Entire network with Energis providing the lines.
