Menu
Gen-i margins improve

Gen-i margins improve

Telecom's IT services unit Gen-i has reported improved margins, fulfilling to some extent a demand CEO Paul Reynolds made shortly after his appointment.

Gen-i's second quarter earnings before interest, tax and depreciation (EBITDA) were up 9 percent, driven by IT solutions growth, lower costs and activity in Australia, Telecom announced at its results meeting in Auckland today.

$348 million in contracts were closed compared with $310 million in the same period of the 2009 financial year.

IT solutions margins increased from 6 percent to 8 percent, but Telecom says it is targetting 10 percent in future.

Gen-i's operating revenues for the second quarter, however, were down 7.8 percent from $390 million to $359 million. Costs declined faster, from $335 million to $299 million, leaving EBITDA of $60 million, up from $55 million.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags gen-i

Events

Featured

Slideshows

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments