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ITO Intechnology

24.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intechnology LSE:ITO London Ordinary Share GB0001388932 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trading Statement

13/01/2004 7:00am

UK Regulatory


RNS Number:1430U
InTechnology PLC
13 January 2004

13 January 2004



                                InTechnology plc

                                 Trading update


At the time of InTechnology's interim results announcement in November 2003,
Chief Executive Charles Cameron explained that there were encouraging signs of
momentum across the business.  This trend has continued through the quarter
ending December 2003 and has resulted in a particularly strong quarter for the
Company.


SSS Division

Strong demand for storage hardware and software has led to a record quarter for
sales by InTechnology's storage division.  The performance of the Allasso
division was also very strong, reflecting its rapid and successful integration,
which is now substantially complete.  Both divisions have a healthy current
order book.


MDS Division

Sales of Managed Data services have risen above previous monthly run rates and
cumulative contract wins for this division now exceed #55m, up 10 per cent. from
the half year.  Recent contracts include a data replication solution for British
Polythene, where InTechnology is using its low-cost infrastructure to provide
solutions previously regarded as expensive by most corporate users.  We are
encouraged by the levels of contract renewals from existing clients and also by
purchases of additional InTechnology network services.


Charles Cameron commented, "At the time of our November results I spoke about
how we were preparing our business to accelerate in 2004.  Our record
performance in the third quarter of our financial year is confirmation of this
and gives me confidence in a solid outcome for the full year."



                                     -ends-


For further information:


InTechnology plc                                       020 7786 3400
Charles Cameron


Financial Dynamics                                     020 7831 3113
James Melville-Ross







                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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