Intec Telecom Systems PLC
07 August 2006
Embargoed for 7am 7 August 2006
Intec Telecom Systems PLC
Trading Update
Intec Telecom Systems PLC ("Intec" or "the Company"), a leading supplier of
software, solutions and services to the global telecoms industry, today
announces a trading update for its financial year ending 30 September 2006.
As highlighted at the half year, Intec serves a dynamic and competitive market
place which is experiencing a noticeable degree of consolidation between telecom
operators globally, and particularly in North America. As a result of this
consolidation, the board now believes that a small number of significant
contracts that Intec had expected to finalise in the final quarter will be
delayed beyond the end of the current financial year.
Whilst the market for the products and services which Intec provides is growing,
it continues to be difficult to predict the quantum and timing of specific
purchasing decisions and the board will therefore continue to review the likely
outcome for the year.
As a consequence of these market dynamics, the Company expects that its revenues
for the full year will fall in a range between £113m to £120m.
During the course of this year Intec has accelerated its initiative to off-shore
elements of its business as part of its on-going programme to achieve optimal
operational efficiencies and reduction of its cost base.
The Company is engaged in a number of significant new opportunities and
continues to build upon its pipeline of business which provides a positive
outlook for 2007.
A conference call for analysts will be held at 9.00 am this morning on +44 20
8403 4201.
For further information, please contact:
Intec Telecom Systems PLC www.intecbilling.com
Kevin Adams, Chief Executive Officer +44 (0)1483 745 823
Andrew Rodaway, Director of Marketing &
Communications +44 (0)7768 808082
Smithfield Consultants
Sara Musgrave, Tania Wild +44 (0)20 7360 4900
intec@smithfieldgroup.com
Pictures are available for the media to view and download from
www.vismedia.co.uk
NOTES TO EDITORS
About Intec Telecom Systems PLC
Intec supplies billing software solutions to over 60 of the world's top 100
telecoms carriers and is one of the world's fastest growing major BSS/OSS
(business and operations support systems) vendors. Intec's 350+ customers
include AT&T, BellSouth, Cable & Wireless, The Carphone Warehouse (UK), China
Unicom, Deutsche Telekom, Eircom (Ireland), France Telecom, Hutchison 3G, O2,
Orange, T-Mobile, Telefonica, Vodafone, Virgin Mobile, Vivo and Verizon.
Intec has a comprehensive and expanding range of solutions and services ranging
from market leading mediation and convergent billing products such as their
Wholesale Business Management solution through to innovative IPTV solutions.
Intec works closely with its customers, many of whom have been with Intec since
its inception, to provide the highest standards of performance, flexibility and
robustness to help carriers service their customers effectively and profitably.
Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L) and has
over 1,600 staff and 31 offices in 25 countries. For more information visit
www.intecbilling.com
This information is provided by RNS
The company news service from the London Stock Exchange
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