24th Jun 2016 12:56
LONDON (Alliance News) - RapidCloud International PLC on Friday said it expects its 2015 earnings to be below what the market had expected, citing a decision to take a "more conservative" view on depreciation, amortisation, deferred tax and deferred revenue after discussion with its auditors.
Trading for 2016 has started well, RapidCloud said, with a further update to be provided in its earnings statement for 2015.
Rapidcloud plans to report annual results for 2015 next week.
Shares in Rapidcloud were down 16% at 24.00 pence.
By Samuel Agini; [email protected]; @samuelagini
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