It’s just days away from the arrival of David Courtley as its new CEO (see Phoenix courts Courtley), and according to today’s trading update, infrastructure services supplier Phoenix IT Group seems set on a steady course in line with (current) management’s expectations. However you don’t have to read between the lines to realise that Phoenix (and indeed the industry) could end up somewhat becalmed due to “a paucity of large outsourcing deals”, exactly as we warned in Will UK follow US outsourcing decline?. There are ‘opportunities’ out there – which everyone will be chasing with increasing ferocity. David Courtley’s job will be to see that Phoenix wins at least its fair share!
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Phoenix on course awaiting Courtley to board
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