Endace warns on full-year profits
Networking marketing solutions provider Endace has said that revenue for the year ended March 31st is expected to miss market expectations by around 10 per cent due to slow decision-making by a number of clients.
Networking marketing solutions provider Endace has said that revenue for the year ended March 31st is expected to miss market expectations by around 10 per cent due to slow decision-making by a number of clients.
Despite reporting an "excellent" performance in the first half, the company said that budget restraints, particularly in the UK government customer base, have resulted in a shortfall of expected purchases.
Endace forecasts a pre-tax profit of $1m after adjusted for share options and a year-end cash balance of $4m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Looking forward, whilst the board notes the continuing uncertain economic outlook, it remains confident in the prospects for the business given the technological leadership in its chosen markets, the strength of the pipeline, the continued growth in annuity income, and its expanding Enterprise customer base," the statement said.
BC
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Trouble brews in B&M as bargain shops take a hit
Opinion Once a stock market darling, B&M's share price has slumped. What has gone wrong for bargain shops?
-
US and China reach a ceasefire in their trade war after talks in London
The US and China's trading relationship – the most important one in the global economy – is back on track. Will the truce last?