Active Risk lowers financial performance expectations for 2012 results

Risk management provider Active Risk has downgraded its financial performance expectations for the past year in light of difficult trading conditions.

Risk management provider Active Risk has downgraded its financial performance expectations for the past year in light of difficult trading conditions.

"The company announces that its financial performance for the year ending March 31st 2013 is now expected to be below current market expectations," an update from the company stated.

"This reflects difficult trading conditions arising from economic uncertainty in the company's core markets and customer deferrals in signing several major contracts."

The company stated that the customer deferrals had been especially apparent in the US governmental and defence sectors as well as in the Australian mining market.

In Europe, the Middle East and Africa, however, the group reported a rosier picture in the second half of the financial year: "EMEA has been more positive and the company's performance in the second half of the financial year is expected to show a significant improvement over the first half, with trading in the third quarter showing a small profit compared to a loss of £742,000 in the first half.

"Smaller software deals are expected to be up year-on-year in line with the strategy to broaden the pipeline and reduce dependency on major deals."

Active Risk's share price was down 16.67% to 13.75p at 10:57 on Monday.

MF

Recommended

Avoid easyJet shares – there are better airlines to invest in
Share tips

Avoid easyJet shares – there are better airlines to invest in

EasyJet used to be one of Europe’s most impressive airlines. But now it is facing challenges on all fronts and losing out to the competition. Rupert …
16 May 2022
Britain’s ten most-hated shares – w/e 13 May
Stocks and shares

Britain’s ten most-hated shares – w/e 13 May

Rupert Hargreaves looks at Britain's ten-most hated shares, and what short-sellers are looking right now.
16 May 2022
Anna Macdonald and Mikhail Zverev: Investing in innovative new frontiers
Investment strategy

Anna Macdonald and Mikhail Zverev: Investing in innovative new frontiers

Merryn talks to Anna Macdonald and Mikhail Zverev of Amati about investing in growth-focused innovation in the teeth of a tech-stock selloff, and the …
12 May 2022
BT is making progress and the dividend is back – but is it time to buy yet?
Share tips

BT is making progress and the dividend is back – but is it time to buy yet?

Investors in telecoms giant BT have seen dismal returns over the last 15 years. But there are signs that it is starting to turn things around, says Ru…
12 May 2022

Most Popular

Get set for another debt binge as real interest rates fall
UK Economy

Get set for another debt binge as real interest rates fall

Despite the fuss about rising interest rates, they’re falling in real terms. That will blow up a wild bubble, says Matthew Lynn.
15 May 2022
High inflation will fade – here’s why
Inflation

High inflation will fade – here’s why

Many people expect high inflation to persist for a long time. But that might not be true, says Max King. Inflation may fall faster than expected – and…
13 May 2022
What the Ukraine crisis might mean for ESG investing
Advertisement Feature

What the Ukraine crisis might mean for ESG investing

The Ukraine crisis has brought many of the issues around ESG investing into sharper focus. Where does the sector go from here?
3 May 2022