Edison Investment Research

Research results

Maxima Holdings

Ongoing strategic review

Update | Technology | 09/08/2011

Maxima’s annual results reveal that the group has remained profitable and cash generative, following the announcement of a strategic review in A...

Maxima Holdings

Strategic review

Flash note | Technology | 14/04/2011

In a trading update today, Maxima has announced that there will be a material reduction in H2 revenue and says it expects FY11 revenue to be no less t...

Maxima Holdings

Cloud is gaining traction

Update | Technology | 02/02/2011

We point to the healthy growth rates and strong KPIs in the new “growth engines” which position the group for an improved financial performance go...

Maxima Holdings

A silver lining

Update | Technology | 12/08/2010

Maxima has undergone substantial change over the last year with the new management team significantly refocusing the group, positioning for cloud comp...

Maxima Holdings

Signs of recovery

Update | Technology | 03/02/2010

In spite of reporting lower revenues and profits, which were in-line with our expectations, management points to indications that volumes are now incr...

Maxima Holdings

Trading on-track

Update | Technology | 15/12/2009

The first half trading update highlighted very encouraging order wins in Q2, the swift management of the wind-down of the QAD distribution agreement a...

Maxima Holdings

QAD impacts forecasts

Update | Technology | 21/10/2009

As highlighted previously, although Maxima has faced a challenging IT services market, a new management team has refocused the strategy and begun to m...

Maxima Holdings

Refocused strategy

Review | Technology | 04/08/2009

Annual results broadly matched market expectations and reflect a strong bank of recurring revenues as well as the impact of robust underlying cash flo...

Maxima Holdings

Deferred business

Update | Technology | 19/03/2009

This week’s trading update shows further evidence of the economic slowdown hitting Maxima’s markets. Entering Q4, deferral of orders now beg...

Maxima Holdings

Resilient position

Outlook | Technology | 03/02/2009

Interim results showed a solid H1 performance considering the onset of recession. Management has created a business with naturally defensive propertie...

Maxima Holdings

Steady first half

Update | Technology | 15/12/2008

Maxima’s interim trading update confirms a steady performance from a business with a wide spread of IT service operations and emphasis on recurr...

Maxima Holdings

Multiple specialist

Review | Technology | 12/08/2008

Maxima’s completed IT technology portfolio and exposure across many market sectors add to its defensive qualities. It should not, however, be vi...

Maxima Holdings

DXI makes up lost growth

Update | Technology | 01/07/2008

Maxima again has the answer to slowing markets with another well timed acquisition. It is not only a good fit, but should compensate for some of the e...

Maxima Holdings

Focusing on the business

Outlook | Technology | 06/02/2008

Interim results served to highlight that the business is in a stronger position than the c.40% fall in the share price suggested last week. We think t...

Proposed sale of Eclectic

Flash note | Technology | 20/12/2007

Glen Group has announced the proposed conditional sale of wholly owned software supplier, Eclectic Group and IG Software Limited to Maxima Holdings fo...

Maxima Holdings

Growing up

Update | Technology | 23/10/2007

An investor/analyst visit to Cheltenham highlighted how the business has grown into an established provider of complete IT solutions. We were impresse...

Maxima Holdings

Precise acquisitive model

Review | Technology | 22/08/2007

Maxima delivered a strong set of preliminary results which highlighted the success of the group’s acquisition and integration strategy. The busi...

Maxima Holdings

Complete service

Update | Technology | 02/05/2007

The proposed acquisition of 3net provides another example of Maxima’s coherent consolidation strategy. While financially the deal is expected to...

Maxima Holdings

An appropriate strategy

Outlook | Technology | 27/02/2007

Maxima continues to deliver on both results and strategy. A successful track record with six acquistions has built a stronger business with an increas...

Maxima Holdings

The pace quickens

Update | Technology | 07/12/2006

Two further acquisitions towards the end of the first half and a material long-term contract highlight the success that management are having in build...

Maxima Holdings

Business model proved

Update | Technology | 18/08/2006

The release of these preliminary results confirms the success of the group’s acquisitive strategy. Not only has it delivered on the smooth integ...

Maxima Holdings

Good progress in H2

Quarterly Update - Trading Update | Technology | 23/06/2006

An acquisitve strategy is steadily building the group's critical mass and boosting earnings. Maxima's positive trading statement confirming year end p...

Maxima Holdings

Attractive acquisition

Quarterly Update - Acquisition | Technology | 22/05/2006

Maxima has announced another earnings enhancing acquisition that neatly fits its strategy and gives a useful uplift to 2007 earnings. QED provides man...

Maxima Holdings

Delivering growth

Quarterly Update - Interim Results | Technology | 28/02/2006

Interim results met our expectations showing a stable performance from the Azur businesses and a strong contribution from the two acquisitions made ea...

Maxima Holdings

A sector consolidator

Outlook | Technology | 04/11/2005

Maxima has begun implementing its acquisitive strategy within the IT services market. We believe this strategy can create value over time, as the grou...