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Mediasurface
- BY: Andrew Hore |
- POSTED: 02/10/2007 |
Mediasurface shares have plummeted following a warning that results for the year to September 2007 would be terrible.
Full year turnover of the web content management software provider is expected to increase from £9.7m to £11.3m but the group will swing from profit to loss. The shares dived 10.25p to 8p.
Delayed sales of Morello website software are the main reason behind this. The launch of the latest version of Microsoft’s Sharepoint software is blamed for this. Apparently customers thought that Morello and Sharepoint did the same things but they don’t. Mediasurface claims that it hasn’t lost any business but potential customers put off buying Morello.
On top of that there was weak demand from financial services customers. At least £2.25m of potential licence deals were not completed in the second half of the financial year.
Pepperio sales were disappointing but there was little included in the forecast for this software product aimed at small businesses so it can’t take much of the blame for the poor results.
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