IN BRIEF: Aferian adjusted operating profit to drop as cash plummets
24th Oct 2022 09:58
Aferian PLC - Cambridge-based business-to-business video streaming solutions company - Expects device revenue for financial year 2022 ending November 30 to be 10% lower than expected in June. Notes Amino business experienced delays as customers reduce working capital. However, notes that exit annual recurring revenue and software growth of 15% and 5% respectively is in line with management expectations, but much lower than on a constant currency basis, for which ARR revenue and software growth are estimated at 25% and 15% respectively. Further, notes USD5.5 million one-off charge for costs. Read More