Phoenix IT Group plc has announced its results for the six months ended 30th September 2013. Overall revenue fell, from £124.0 m in the same period in 2012 to £116.9m this year. Underlying operating profit was also down, at £7.7m (30 September 2012: £9.9m).
Phoenix’s Business Continuity division saw its revenues fall slightly to £26.6m (30 September 2012: £27.6m). Underlying profit from operations in the period was £6.6m (30 September 2012: £8.0m). Annual contract value has remained constant compared to the same period last year, whilst the decrease in order book over the same period is primarily due to a number of larger contracts which are due for renewal in the future rolling off one more year of life in the order book. Despite the decrease in order book, order intake exceeded attrition in the period, resulting in positive net new business.
The business provides both syndicated and dedicated work area solutions. Syndicated seat utilisation has increased and stands at 45.6 percent at 30 September 2013. Dedicated seat utilisation decreased to 93.3 percent from 95.6 percent over the same period as a result of increased capacity at Phoenix’s Hamilton site in Scotland.
Read the full results announcement.
Xand has announced the completion of a year-long initiative of major new construction, including disaster recovery facilities, raised-floor data center space, and cloud infrastructure to meet an unprecedented surge in demand following Hurricane Sandy. With build-outs in New York, Pennsylvania, and New England, Xand’s 2013 expansion represents a greater than $30 million investment in disaster recovery infrastructure and services.
Xand’s post-Sandy expansion agenda began with its Hawthorne, New York facility. Strategically located in Westchester County, 20 miles outside the coastal flood plains and threat zones of New York City, the facility became a magnet for enterprise organizations seeking disaster recovery resources following the devastating effects of Sandy. To meet demand, Xand quickly added 35,000 square-feet of new disaster recovery seating to Hawthorne in Q1 2013, followed by an additional build-out of 40,000 square feet completed in Q3 2013. In the process of the New York expansion, Xand took occupancy of a second building, transforming raw office space into a state-of-the-art facility dedicated exclusively to disaster recovery seating, suites, and resources. The total 75,000 square-feet of new disaster recovery space joined 11,000 square-feet of premium high-density data center space, enhanced power and network redundancies, and improved cloud infrastructure.
SunGard has reported results for the third quarter ended September 30th, 2013. For the third quarter, revenue was $1.0 billion, down 1 percent year over year. Operating income was $122 million and the operating margin was 11.9 percent in the quarter, compared to an operating loss of $279 million in the third quarter of 2012. Third quarter 2012 included a $385 million non-cash goodwill impairment charge. Excluding this charge, operating income increased 16 percent year over year. This was driven by a 3 percent decline in total costs and expenses. Adjusted EBITDA was $306 million, up 3 percent year over year, and the adjusted EBITDA margin was 29.7 percent, up 1.1 points year over year.
SunGard Availability Services revenue was $340 million in the third quarter, down 2 percent year over year, reflecting customer attrition and incremental investments in new service offerings. Adjusted EBITDA was $108 million, down 11 percent from the prior year. Year to date, AS revenue was $1.0 billion, down 2 percent year over year, and adjusted EBITDA was $325 million, down 7 percent from the prior year. Read the full announcement.
Iron Mountain has reported financial and operating results for the third quarter and year to date ended September 30th, 2013. Total reported revenues for the third quarter of 2013 were $756 million, compared with $748 million in 2012. Adjusted OIBDA was $240 million, compared with $244 million in 2012. Adjusted EPS was $0.31 per share ($0.03 per share on a GAAP basis), compared with $0.34 per share ($0.31 per share on a GAAP basis), in 2012.
For the year to date, total reported revenues were $2,257 million compared with $2,247 million in 2012. Adjusted OIBDA was $701 million for the year to date compared with $706 million in 2012. Adjusted EPS was $0.88 per share ($0.27 per share on a GAAP basis), compared with $0.99 per share ($0.91 per share on a GAAP basis), in 2012.
Third quarter and year-to-date Adjusted OIBDA were reduced by approximately $5 million related to charges to realign the organization, with an additional $25 million in charges expected in the fourth quarter of 2013. Read the full announcement.
Ear Productions, a company that is known for bringing creative media expertise to the world of business continuity, has changed its name to Crisis Guardian. Explaining the development, managing director Eric Thompson said the company’s recent expansion into the USA gave them the perfect opportunity to consolidate their expertise and re‐launch the business in the UK.
“We have a clear specialism in media-rich communications and a highly developed knowledge of business continuity and crisis management issues. It’s a unique mix that both our US and UK clients benefit from. It felt like the right time to really consolidate our expertise and launch a brand that better reflects what we do; combining the talent and heritage of our work as Ear Productions with creative vision, energy and expertise to re-launch as Crisis Guardian.” www.crisisguardian.com
StorageCraft Technology Corporation and Advanced Backup Solutions (ABS) have announced a partnership agreement under which ABS has integrated StorageCraft ShadowProtect software into its line of backup and disaster recovery appliances and offsite DR infrastructure. ABS Enterprise offers managed service providers an enterprise-class backup and disaster recovery solution with integrated onsite/offsite backup and restore, plus virtual failover. The licensed StorageCraft technology enables quick local recovery and offsite replication of data providing protection for a single server or entire IT infrastructure.
Registered Express Corporation has announced the signing of a Letter of Intent with Totalpost Services, Inc., to offer its clients expanded services for mailroom disaster planning, management, and recovery. This joint venture will implement the expertise of both companies including secure data centers, electronic communications and the functionality of mail recovery for clients during disasters and digital retrieval systems for compliance and discovery purposes. http://www.registeredexpress.com
Preparis, a provider of business continuity and life safety technology and services, has announced that it has closed a strategic round of capital to accelerate the company’s growth in financial services and other key markets including legal and commercial real estate. New investors include JP Charter Oak Advisors of New York City and the Angel Investor Management Group of Alabama and are following existing investors Fulcrum Equity Partners and Imlay Investments. Terms of the investment were not disclosed. http://www.preparis.com
Bluelock and tw telecom have announced that they are collaborating to offer a complete Dynamic Disaster Recovery solution available across the US. By combining Bluelock Recovery-as-a-Service with tw telecom's Business Ethernet-based Intelligent Network capabilities, customers can access affordable, reliable disaster recovery with an elastic network solution that aligns and scales based on customer usage. Read the press release.
Continuity Shop, the business continuity and resiliency training provider, has announced that it has established an operational base in the United States through a partnership with the Vizionera business development company. Vizionera is led by Alex Arvanitidis, formerly a vice president at the Business Continuity Institute. www.continuityshop.com/usa.htm