Legent Corp, Vienna, Virginia successor company to Morino Associates and Duquesne Systems, warns that its results for the second quarter to March 31 will not meet analysts’ projections, mainly because of disappointing new licence sales of its IS Management software products in North America: while new sales in total climbed about 29% for the quarter to about $23m, in North American they fell about 20% form the like quarter a year ago so that fiscal 1990 second period net profits will be about $7.5m on total sales growth of 25% to about $40m – 35 cents a share where analysts had been looking for 40 cents or more; cash and short term investment balances at March 31 are expected to total approximately $90m, up from $75.9m at December 31 1989.
