Workplace Technology latest division to be jettisoned from Capita – back into the hands of its original owner

Capita has hit the eject button on its managed print services (MPS) wing – the loss-making Workplace Technology division is back in the hands of its original founder, Paul Gillett. This is the latest in a long line of operations that Capita CEO Jon Lewis has offloaded since he took the hot seat in 2017 with the plan of turning …

[Potemkine!]

"increase in expenditure on sales team"

Buying the latest iPhone for all the sales team was not a so good idea after all ^^

[tip pc]

Re: "increase in expenditure on sales team"

I can’t imagine that would have dented their profits.

Business expenditures are accounted for before taxes so at worst they’d have paid less tax.

[RM Myers]

Re: "increase in expenditure on sales team"

Unless your tax rate is 100%, I'm afraid increased business expenditures will dent profits.

However, I like your thought process. This might be a good argument for that new 64 core threadripper workstation you need for running office applications and surfing the web for pron business intelligence. Maybe even throw in a 44 inch 4K monitor to make watching the porn the charts easier to read. Assuming, of course, that the beancounters are intellectually challenged.

[EnviableOne]

bet they loaded it up with debt too, Same old Crapita ....