Shares in ECsoft Group Plc, the London, UK-based systems integrator and services group, fell 17.1% to 662.5 pence after the company said there has been a further softening in the market as customers have committed funding and management attention to Y2K issues.
The gloom is reflected in the mid-term figures that show net profit down 7% to 1.7m pounds ($2.7m) on revenue that increased 13.2% to 34.1m pounds ($54.5). Earnings per share were down 22.8% to 15.2 pence.
Looking ahead, ECsofts expect the weak market to continue until after the millennium. The company says it is positioning itself as e-business systems integrator, ready for market opportunities in 2000 onwards.
