25th Apr 2016 07:28
LONDON (Alliance News) - Cloud services company Outsourcery PLC on Monday said 2016 trading is in line with its expectations, though this will include weaker revenue growth from its partners due to product launch delays.
Outsourcery said it will require new short-term working capital and is investigating alternatives to raise money, including a fundraising, a restructuring and the disposal of non-core assets.
The company said it is holding talks with its creditors on its financial position.
Shares in the group were down 27% to 7.51 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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