By Najat Kantouar
Cirata–formally known as WANdisco–has reported lower revenue for the third quarter as it returned to more normal trading after suffering significant activity disruption in the first half due to the discovery of potentially fraudulent irregularities.
The U.K. business process outsourcing company said Wednesday that bookings for the third quarter ended Sep. 30 were $1.7 million compared with $1.9 million for the same period a year earlier, while revenue was $1.4 million compared with $1.9 million.
Its second-half bookings’ guidance remains unchanged at between $4.3 million to $6.0 million, taking the full-year to between $7.1 million and $8.8 million, the company said. Bookings for 2022 were $11.4 million.
“Our turnaround plan is developing momentum, and our collective focus now is squarely on growth and tracking towards cash-flow break-even,” Chief Executive Officer Stephen Kelly said.
Shares at 0833 GMT were down 2.08 pence, or 4.8% at 55.6 pence.
Write to Najat Kantouar at [email protected]
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