CMS results show 30% gross profit increase for 2014
Storit, the holding company of CMS Distribution, announced its results for the year ended 31 December 2014, a year-on-year increase of 30% over 2013.
Turnover for the year was £173.65 million with gross profit before tax of £3.23 million, up £40.8 million and £970,000 over 2013 respectively. Net margin increased from 1.7% in 2013 to 1.9% in 2014.
Established in 1988, CMS Distribution is a value-added distributor of data storage, networking and IT infrastructure products and services in the UK and Ireland. The company employs 200 people across five locations, including Kiltimagh, Co Mayo.
CMS is the appointed distributor for 50 manufacturers, such as Commvault, Crucial, QNAP, Quantum, RedHat, SanDisk, Seagate, Solarwinds, Symantec, Toshiba and WD. CMS services 3,500 resellers and retailers across the UK and Ireland.