iSoft delays results announcement

iSoft delays results announcement

Troubled software group still in talks with banks

Struggling software developer iSoft has delayed the release of its
preliminary results while it continues to hold talks with its banks.

The results were meant to be released next week.

The group, which provides software to Accenture for its £12bn upgrade of the
NHS’s IT in infrastructure system, announced in June that it was changing its
accounting policies.

iSoft has lost about 80% of its market value in recent months following a
series of profits warnings and being forced to restate its previous accounts to
reflect  these changes to its accounting policies.

The company had originally said it had expected to conclude discussions with
the banks this month and release its results on 11 July.

‘These discussions are progressing, but will not be concluded in time for the
preliminary results announcement next week. The board has therefore decided to
postpone the results announcement at this time,’ the company said.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article