Broadline distributor Northamber has blamed “slow acceptance” of Microsoft Vista for an 11 per cent drop in annual turnover.
Revenues for its fiscal year to June 30 hit £182.2m, compared with £204.4m a year earlier. Pre-tax profits improved 37 per cent to £590,000.
Northamber admitted its top line was also hit by the weaker dollar as price deflation impacted key volume product areas.
The credit crunch and lengthening vendor lead times provided further obstacles during the period, according to David Phillips, chairman at Northamber.
Uncategorized October 6th 2007