1st Nov 2013 07:50
LONDON (Alliance News) - Escher Group Holdings PLC Friday warned that it has pushed back its expectations of when it will book about USD6 million of license revenues because it has delivered software to a customer, but that client won't have deployed it to enough workstations to trigger a payment this year.
The software provider for the postal industry said it now expects to book the license revenue in the first half of 2014 instead, but said the rest of its business is still trading in line with its expectations.
It didn't give details about the customer.
"We have delivered our software to the customer, the software is currently live in a number of post offices and we are now supporting the customer in a large and complex software deployment exercise," Escher Chief Executive Liam Church said in a statement.
By Steve McGrath; [email protected]; @SteveMcGrath1
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