Budget spurs market activity to improve, and I'm pleased to confirm that sales are up slightly in the quarter. I believe our results reflect improved sales of our new hardware line – which in turn reflect our increasing focus on the market as a whole. Overall, our hardware sales were up 5% in Q4, due to a combination of greater inventory management, improved price and performance, and a stronger dollar relative to the UK and Germany.
The company also reported that its net profit has now passed $12.5 million (£8.5 million) for the three months to 30 July 2016, up from $9.3 million (£6.9 million) at the end of the second quarter. A further $2.4 million of that was due to the sale of IPOs we announced on 6 June, and we've decided to take the loss of the IPO and the subsequent acquisition of its competitor to the next stage of the cycle.
For the full year, Q4 financial results are included in our earnings release.
Thanks for your support.
Rory
Rory
Follow Rory on Twitter @RoryOsterkamp.
Rory
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Rumsfeld arrives unannounced in baghdad. "The President asked that I arrive early today in Ramadi. I will remain there until further notice," he tells Army Maj Gen. Ahmad Al-Saleh, the head of the military operations command in Iraq.
The troops leave behind an additional 30 Iraqi soldiers for the governorate of Mosul, the Iraqi military said Sunday, in addition to the troops already there.
Kurdish Peshmerga fighters in northern Iraq are battling Islamic State fighters and Islamic militants on the outskirts of Kirkuk in their latest bid to wrest control of Iraq's oil-rich province, which lies between the Kurdish capital Irbil and Iraqi city of Baghdad. (Yana Paskova/for NBC News)
The U.S.-led military campaign against the extremist group is already bearing its own share of consequences on Iraqi soil.
On the Kurdish side, the Kurds are losing territory to forces of the self-proclaimed Islamic State in their attempt to take the border region of Kirkuk, one of Iraq's largest oil ports. That is why Kurdish leaders are now warning that the battle could be disastrous for a country where the average life expectancy is around 50 years.
The Islamic State has also lost an important road connecting it in northern Iraq to other groups in the area, according to the Iraqi military. Kurdish fighters say their losses to the IS have left them in deep danger. The group could be pushing them into northern Iraq to secure an exit from that region, and then into Syrian territory, the military says.
On Sunday, the government warned of increased resistance by U.S.-backed Iraqi forces, which are battling the group across southern Iraq in northern Iraq.
In Iraq, Kurdish forces — backed by Kurdish peshmerga fighters — advanced against the Islamic State on Sunday. They also took territory in the southeast and captured control of the town of Kars in Anbar province. The advance came two days after U.S. troops deployed near the border town of Taji with their Iraqi counterparts, the largest known test of Washington's plans to arm Iraqi forces in the fight against the Islamic State. The deployment came after a request for help from Iraqi Prime Minister Haider al-Abadi.
Kurdish forces are also working in a similar way across northern Iraq, and taking a bigger slice of the country from the Islamic State, fighting to drive them out of some of the country's largest cities and seizing the strategic border crossings from them.
Baghdadi has called the Iraqi federal authority to combat the Islamic State — and for the first time called in U.S. troops on Sunday — an "imperialist" conspiracy backed by foreign powers.
But for U.S. President Barack Obama, the battle will have to pass befor |