Sign up for our newsletter - Navigating the horizon of business technology​
Technology / AI and automation

RAINER BURCHETT COMMENTS ON 45% IN PRE-TAX PROFITS

Commenting on the company’s mid-term results, Learmonth & Burchett’s Rainer Burchett blamed the 45% drop in pre-tax profits on Automate Version 4.0 development costs and a collapse in sales at the US end: apparently, distributors Cullinet Software Inc delayed release of an extension of Automate Version 3.0 and allowed sales of the original Version 3.0 product to collapse in the meantime; LBMS is currently negotiating a slightly different arrangement with Cullinet, and plans to strike new distributorship deals with two or three US companies to handle Version 4.0.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.