APSU, leader in the delivery of global IBM Power services, has been awarded 72nd place on Channel Web’s Top 100 UK Resellers list.
Top VARs, launched in November 2011, is a report into the fortunes of the 100 biggest UK resellers, highlighting the priorities of CIOs across a variety of vertical markets.This entry is reflective of APSU’s overall position in Europe, after the firm was recently placed 98th in the Premier 250 Top UK ICT report, conducted by IT Europa. According to Channel Web, the latest research reveals that while plenty of resellers on the list continue to grow sales, margins are still coming under pressure.
Providing essential information for UK VARs, integrators and converged resellers, Channel Web offers users online events and training as well as other critical business services. Channel Web, published by Incisive Media, is a well-respected, fully interactive online community, read by a readership including software developers and ISVs, managed service providers and service providers.
APSU recently announced full year turnover of £25.6 million, a strong growth of 26.3%year-on-year. Operating profit increased by 20.3% in the period ended 30 June 2012, compared with the previous year.
The significant change in financial profile is reflected by compounded annual growth rate of 129% during the last three years. In a continued expansion, APSU has also increased employee head count by 20%.
APSU’s financials buck the trend of the overall ICT sector, which has seen an overall decline in revenues in the last two years.
APSU Chairman and CEO, Steve Morris, said:
After the demise of 2e2, potential customers will look more deeply into a supplier’s financial standing and its ability to grow organically in what is a very competitive sector. Our clients can feel reassured by our strong growth in revenues, the continued expansion of our customer base and sales up by 26.3% year on year.
While our rating at 72 on CRN’s Top VAR’s list is an excellent result, I am positive that our position will improve yet again in 2013.
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