Estimated reading time: 0 minutes, 42 seconds

COLUMBUS U.S 3Q BIZ: SO-SO Featured

 The United States business of reseller Columbus reported a 7-percent rise in revenue for the third quarter ended Sept. 30.

But CEO Søren Krogh Knudsen said during the week’s earnings webcast the increase was “mainly driven by currency advantage we do not consider we have solid organic growth.” Denmark-based Columbus has changed its reporting methods for countries. Instead of breaking out total revenue, it reported services revenue for the country businesses, Services revenue for the United States was about $2.9 million for the most recently ended quarter, an increase of 6.8 percent. Product sales were aggregated together at approximately $5.6 million, down 28.9 percent from last year’s corresponding period. Columbus also realigned reporting for products into two segments with revenue for Dynamics increasing 7.4 percent to about $20.1. Revenue for M3 was roughly $24.1 million, an increase of 9.7 percent. Company revenue rose approximately to 6.7 percent to $46.5 million.

Read 139 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.