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Article: ECsoft Group plc Trading Statement.
- Article from:
- Business Wire
- Article date:
- October 25, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
LONDON--(BUSINESS WIRE)--Oct. 25, 2001
Against a backdrop of worsening market conditions, the Board of ECsoft Group plc ("ECsoft" or the "Company"; London: ECS; Nasdaq OTC: ECSGY), has reassessed its outlook for the current year.
The continued deterioration in demand for IT services, exacerbated by the events of September 11th, has resulted in a number of client projects being deferred or scaled-down across the Company's operations. These have materially affected revenue forecasts in the second half of 2001 and hence the Company is now likely to report a limited operating loss (before goodwill and exceptional items) for the ...