Managed IT solutions provider Netstore's long running quest for profits finally seems to be drawing to an end. First-quarter figures to September showed losses halved to £1m, on turnover up 370% at £3.2m. Netstore's prospects have turned on the back of December's £0.9m acquisition of rival QSP. This deal effectively doubled revenues and has provided the company with several long-term contracts. House broker Evolution Beeson Gregory is forecasting full-year revenues of £12.6m - roughly 85% of which has already been secured. Significantly the first quarter also saw Netstore generate a small amount of cash, £0.6m to be precise, for the first time. Some £15.4m currently remains in the coffers, causing some shareholders and analysts to call for a return of excess cash to shareholders. Chairman Paul Barry-Walsh is reluctant to bow to this pressure immediately. However he does concede that 'if by June [2003] we haven't made any acquisitions we will consider returning some cash'. Speculative.