back to article Phoenix IT Group CEO: Turnarounds don't happen overnight

The turnaround at Phoenix IT Group initiated by CEO Steve Vaughan was never going to happen overnight and the latest set of declining half-year numbers for the period ended September are testament to that point. The LSE-listed tech services biz this morning reported revenues of £107.4m, down 8.1 per cent on the corresponding …

  1. Anonymous Coward
    Anonymous Coward

    Received the in-house email this morning.

    Vaughan sounds quite upbeat in his email, and as an employee I don't feel I have much to fear.

    1. Anonymous Coward
      Anonymous Coward

      yeah, his emails are devoid of the usual management speak style crap, which is nice.

  2. Anonymous Coward
    Anonymous Coward

    A name like Phoenix is asking for it.

    1. Anonymous Coward
      Anonymous Coward

      Don't be silly, Phoenix is a great name, just look at Rover, worked out brilliantly for Phoenix Consortium, out of a £10 investment, they made millions.

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