Annual Report and Accounts for the year ended 31 March 2011
Annual Report and Accounts for the year ended 31 March 2011
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Peter Bertram, Chairman

Chairman's Statement

I am pleased to report that Phoenix IT Group plc has continued to make good progress over the past year despite challenging trading conditions. The Group has again grown profits and improved cash management.

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Nick Robinson, Chief Executive

Chief Executive's Review

The Group has had a solid year financially with revenues increasing by 10.5% to £271.6m (2010: £245.8m) and underlying profit before tax(2) increasing by 8.7% to £32.0m (2010: £29.5m).

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