SoftwareOne slashes revenue growth forecasts, shares tumble

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ZURICH :SoftwareOne on Thursday appointed Raphael Erb as CEO from Nov.1 as the Swiss company slashed its full-year revenue growth forecast on a weaker-than-expected third quarter, sending its shares plunging more than 25 per cent.

Most of the incentives are linked to Microsoft, CFO Rodolfo Savitzky told analysts on a call alongside Erb.

Erb said SoftwareOne could return to being an industry leader but that it had homework to do, which alongside "some market issues" meant it would "take a bit of time".

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Category: EconomyBusiness

Markets: Singapore

Topics: Experience Third Swiss Full-year Revenue Softwareone Microsoft Company Quarter Cent Growth

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Article Type: News Report

Published On: 2024-10-31 @ 15:24:16 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

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