Information  X 
Enter a valid email address

Sopheon sees lower annual sales despite second-half improvement

By BFN News | 08:00 AM | Wednesday 11 December, 2019

Business software provider Sopheon said it still expected to post a better performance in the second half following recent weakness in its operating performance. The company said in August that it expected a more pronounced second-half weighting in its financial year through December. 'That expectation has not changed,' it said on Wednesday. Overall revenue visibility for the year stood at $28m, with $9.9m in remaining opportunities with 2019 target close dates. Last year, the company posted annual revenue of $33.9m, indicating it still expected revenue to fall this year. 'December is traditionally a very busy month where we would expect to close a material number of deals and this would deliver a strong quarter in historic terms,' Sopheon said. 'However we would caution that our ability to execute on this is dependent on customers signing orders consistent with their plans as communicated to us, without unexpected internal delays.' At 8:00am: (LON:SPE) Sopheon PLC share price was -145p at 545p Story provided by

a d v e r t i s e m e n t