Microgen drops on contract delays

Administration software firm Microgen saw its shares lose seven per cent of their value after it said a number of deals in the financial sector were taking longer to complete than expected.

Administration software firm Microgen saw its shares lose seven per cent of their value after it said a number of deals in the financial sector were taking longer to complete than expected.

This meant revenues in the second six months of 2012 were now expected to be around 10% lower than the first half of the year.

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