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Project slowdown pushes Kavanagh to 2009 loss

Data centre VAR Kavanagh has stressed its fortunes have lifted dramatically since last April after posting a double-digit revenue drop and swinging into the red for its fiscal 2009. According to a Companies House filing, turnover for the year to 30 April 2009 fell by 15% to £24.9 million. Losses hit £1.6 million, compared with a profit of £51,000 a year earlier, and Bracknell-based Kavanagh admitted 2009 had been “a very challenging year”.

 

The HP ally specialises in large data centre projects worth up to £1m or £2m. The firm admitted its core business was hit badly last year. However, Kavanagh managing director Rob Campbell said these larger projects were coming back. “As a relatively high-profile systems integrator/reseller we are structured around larger projects and we were disproportionately effected by the recession as people were not willing to engage in larger projects,” he said.

 

Source: Channel Web

 

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