Menu
Infinity boosts profit on less turnover

Infinity boosts profit on less turnover

A SHIFT from product sales to services has boosted profits of the Infinity Group on much lower revenue.

The IT and consultancy company has reported net profit after tax of $627,000 for the six months ending June 30, on revenue of $27.4 million. This compares with profit of $124,000 on revenue of $32 million in the previous half-year.

Infinity Group head Stuart Robb says the business, which employs 380, is in a much stronger financial position, with no debt and $4.3 million cash. The higher profits reflected higher margins made on the services side of the business, with the drop off in revenue coming from lower sales of desktop servers, switches, storage and related infrastructure.

Product sales had suffered a “slow half”, Robb says, but he expects them to bounce back in the second half of the year. Infinity also claims a developing reputation for consultancy services.

“We have a better mix of work, which is organised and delivered better,” Robb says.


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.

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments