openPR Logo
Press release

Quantix H1 Results Blossom Despite Recessionary Fears

05-06-2009 09:34 PM CET | IT, New Media & Software

Press release from: Quantix

Oracle Support Specialists

Oracle Support Specialists

Quantix, a leading UK provider of enterprise applications support and IT managed services, defies the economic slowdown by announcing significant growth in the first half year of their current financial year.

The financial results, based on the period from October 2008 to March 2009, show a 37% profit increase alongside gross margin growth of 20%. Quantix also announced that its contract base, currently standing at £5m, grew by 16% year-on-year.

The company’s good news comes on the back of winning a number of awards over this period. As well as winning Oracle’s top honour of ‘Oracle Technology Partner of the Year 2009’, Quantix’s remote working solution led them to win an O2 sponsored “Mobility Award” at CNA 2008. Demand for this secure, remote access service, delivered via a ‘Software-as-a-Service’ model, has leapt recently as organisations plan for the potential effects of the current world health crisis.

Quantix works with a variety of organisations across a broad spectrum of vertical markets, such as Transport, Telecoms, Government, Healthcare, Education, Media and Financial Services and has a client base of over 1000, typically medium-sized, organisations. This broad base of clients, combined with a range of IT Support Services that help organisations deliver cost efficiencies, is being seen as one of the major reasons for Quantix’ continued growth.

Simon Goodenough, Sales & Marketing Director, explained, “Our contract base continues to grow, month on month, whilst our existing clients continue to come back to us for further services. Although we have invested substantially in our commercial operation over the past year, which has certainly helped develop new business opportunities, much of our success is down to an extremely experienced team of Account Managers who know the market space well, whilst understanding the necessity of treating our clients as partners, rather than targets and the consistently excellent delivery of services via our technical team.”

Over the last two years Quantix has invested heavily in both infrastructure and personnel, and indeed staff numbers grew by over 50% during 2008. Despite the mood in the wider economy, further investment in infrastructure and technical delivery capability is planned during 2009.

“As the economic slowdown continues in the UK, we have been able to continue developing and delivering innovative IT solutions that are designed to help organisations increase IT efficiency while reducing running costs” says Quantix Managing Director, Dick Salmon. “In order to survive, all businesses are looking to cut costs without compromising their mission critical systems. To be in a position where we consistently offer the very best support solutions in the market is the result of continued investment but is also testament to our employees.”

He adds “With the financial backing from ISIS, Quantix has continued to grow its core range of Oracle & Microsoft Support Services whilst creating a portfolio of new offerings. Over the past 6 months we have launched exciting new IT managed services such as GEM (Enterprise IT Monitoring “through the cloud”), RapidRecovery (DR Software-as-a-Service) and SecureConnect (Secure Remote Access Software-as-a-Service). These, as well as heavy investment in Application Development skills, should help fuel further double digit growth over the coming years”.

Financial Results – H1 FY09

Turnover: £4.2M (growth of 8% YOY)
Gross Margin: £2.4M (growth of 20% YOY)
EBIT: £870k (growth of 37% YOY)
Contract base: £5M (growth of 16% YOY)
Forecast EBIT 2008/09: £1.85M (growth of 42% YOY)

Quantix, an Oracle Certified Advantage Partner, Microsoft Gold Partner, Juniper Select Partner and Websense Platinum Partner, specialises in the provision of Enterprise Applications support, managed services and high performance security solutions to the Mid Market.

With offices in London and Nottingham, Quantix employs a team of forty, qualified Oracle and Microsoft consultants and account managers delivering, remote Applications and DBA support, 24x7 monitoring and management, pro-active software maintenance, technical consulting, software development and license optimisation services to over 500 clients.

Quantix
Quantix House
Chetwynd Business Park
Nottingham
NG9 6RZ

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Quantix H1 Results Blossom Despite Recessionary Fears here

News-ID: 78726 • Views:

More Releases from Quantix

Quantix Release Essential App-to-Cloud Transition Considerations
Nottingham, United Kingdom (26 May 2011) – Quantix, the UK’s premier provider of Managed Cloud Services, complex Application Managed Services and Infrastructure Solutions for Enterprises and Independent Software Vendors, release a guide detailing app-to-cloud transition considerations. According to the latest research conducted by MarketBridge, 44% of companies are already using at least one cloud-based application somewhere within their organisation - and over 70% have plans to move more applications into the
Quantix win 'Oracle Technology Partner of the Year' award
Quantix win 'Oracle Technology Partner of the Year' award
Quantix, one of the UK’s leading Database & Applications support service providers, has picked up the top prize of ‘Oracle Technology Partner of the Year’ at the annual Oracle Partner awards. The ceremony was held on the 12th March at the Landmark Hotel in London and showcases leading Oracle Partners from across the UK. The ‘Oracle Technology Partner of the Year’ award was one of the top prizes of the evening
Quantix Makes It Crystal Clear for Solaglas
Quantix Makes It Crystal Clear for Solaglas
Quantix, a provider of enterprise applications, support and managed services, today announced that Solaglas Limited, part of the international construction materials group Saint-Gobain has chosen Quantix to extend the skills of its internal team and thereby provide improved systems operability and reliability for its nationwide business network. Solaglas is one of the largest processors, distributors, installers and repairers of glass and glass systems in the UK. With over thirty business units,
Quantix win Oracle Support Contract with First Bank of Nigeria (FBN Bank of UK Ltd)
Quantix win Oracle Support Contract with First Bank of Nigeria (FBN Bank of UK L …
Quantix Ltd, a leading Oracle Support & Managed Services specialist, announces a contract win with FBN Bank Ltd. FBN Bank’s core business application, Flexcube, (now owned by Oracle Corporation) is a mission critical application central to the banks trading activities. Traditionally this solution has been supported by a combination of in-house generalists and 3rd party support providers. To further enhance their levels of customer service and increase application resilience, FBN Bank

All 5 Releases


More Releases for Oracle

Oracle Cloud Application Services Industry to See Huge Growth by 2030 | Oracle , …
The Global Oracle Cloud Application Services Market is growing at a rapid speed with sustainable growth rates in the past years and it is approximated that the market will grow outstandingly in the divine period i.e., 2022 to 2028. The report of the Global Oracle Cloud Application Services Market gives an entire approximation of the market for the divine interval i.e., 2018 to 2027. It comprises several sections as well
Oracle Services Market is Anticipated to Gain Moderate CAGR by 2027 | Cognizant, …
Another main objective of this Oracle Services market report is to identify business related problems and solve them on time. It is formed in a way to help in estimating drawbacks and lessening the risks. It further aims at making marketing approach cost-effective to make business gainful. In order to help businesses to plan the production and form efficient strategy, it greatly helps by providing tactics and identifying customer demands.
Devart dbForge Studio for Oracle v4.2 and Minitools Now Support Oracle 20c
Devart, a recognized vendor of professional database management software for developers and DBAs, rolled out the new version of its popular solution – dbForge Studio for Oracle, v.4.2. The improved IDE now features connectivity support for Oracle 20c and a brand-new option for data synchronization. - Connectivity. The Czech vendor strives to stay on top of software development, thus the new Studio for Oracle v.4.2 is promptly enhanced with an option
Solix Enterprise Data Management Suite Achieves Oracle Database Ready, Oracle We …
Solix Enterprise Data Management Suite Tested, Tuned and Ready to Run on Oracle Database, Oracle WebLogic Server and Oracle Linux Oct 03, 2011 | Santa Clara, CA: Solix Technologies today announced that Solix Enterprise Data Management Suite (EDMS) 5.0 has achieved Oracle Database Ready, Oracle WebLogic Ready, and Oracle Linux Ready status through Oracle PartnerNetwork (OPN). Today’s announcement demonstrates that Solix Technologies has fully tested and supports Solix EDMS 5.0 on
Solix Technologies Announces Oracle Validated Integration with Oracle E-Business …
SAN FRANCISCO, CA (September 20, 2010) – Solix Technologies, a leading provider of enterprise data management solutions, today announced that the Solix Enterprise Data Management Suite 4.5.1 (Solix EDMS) has successfully achieved Oracle Validated Integration with Oracle E-Business Suite 12.1. Solix EDMS automates enterprise database archiving, application migration, and application upgrades to maximize performance, storage and mitigate risk from regulatory compliance issues. Solix EDMS integrates with Oracle E-Business Suite 12.1
Xynomix Partner with Oracle Link
Oracle support and consultancy experts Xynomix have announced a partnership with Oracle Community Network website Oracle Link. Launched in August of this year, the Oracle Link website offers a community-based single point of call for anything Oracle-related. Members include IT professionals, Oracle end users, Oracle technicians, Oracle employees and Oracle partners. Says Xynomix Marketing Executive Jules Pedersen, "Oracle Link allows Xynomix to communicate with the wider Oracle community and offer advice