Anite revenue and profit dives in 2010

But Anite chief executive says second half of the year will be better

Anite profits and revenue down for 2010

IT firm Anite announced its full-year 2010 results today, with revenue falling 12.5 per cent to £78.8m year on year.

Adjusted pre-tax profit of £9.9m for the year was almost half the £18.1m recorded last year.

Industry experts say the dip in profits is the result of reduced customer spend on legacy technologies and investment in 4G wireless technologies.

Anite has a wireless business arm focusing on handset and network performance testing, and a travel arm offering managed services and e-commerce applications to travel operators.

In a statement Anite chief executive Christopher Humphrey said that the last financial year had been challenging. He added: "[we expect to see] an improvement in the second half with both the wireless and travel businesses making good progress."