CFO Steve McGowan told analysts in a conference call that the company had not seen any improvement in the IT spending environment.
According to Reuters, McGowan said he saw revenues for the first-quarter of the 2003 financial year at about the same level as in the first quarter of 2002, when revenues were $2.86bn. This is at the bottom end of the range he gave in July.
McGowan said the drop in revenue from the fourth quarter would not be significant enough to hit margins, that component pricing was favorable and that discounts made in the fourth quarter of the 2002 financial year would not hit first-quarter results.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin