Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSSY.L Share News (SSY)

  • There is currently no data for SSY

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SCISYS Stock Up As It Resolves Issue With Client Over Problem Project

Wed, 14th Oct 2015 10:35

LONDON (Alliance News) - SCISYS PLC Wednesday said it has reached an agreement with the unnamed client with which it was having issues over a project, and that both parties have come to a "mutually satisfactory conclusion".

The software and IT services company had previously reported issues with the client over a project in its Enterprise Solutions & Defence division, which led it to issue a profit warning in June.

In September, SCISYS said it was making "constructive progress" with the client to resolve the issues, and on Wednesday said it has reached an agreement with the client.

"Consequently, the board is confident that the company will achieve at least the revised profit guidance published in June. Short-term opportunities to utilise resources previously absorbed by the remedial works on the problem project will govern the extent of any performance improvement in the remainder of the financial year," SCISYS said in a statement.

Shares in SCISYS were trading up 6.1% at 70.00 pence Wednesday morning.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
23 Sep 2014 05:21

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
22 Sep 2014 15:09

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
22 Sep 2014 05:20

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
19 Sep 2014 15:09

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
19 Sep 2014 05:25

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
18 Sep 2014 15:23

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
18 Sep 2014 05:23

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
17 Sep 2014 15:01

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
16 Sep 2014 15:46

SCISYS wins contract with Airbus

SCISYS released a statement on Tuesday announcing a new contract with Airbus Defence and Space, at an estimated value of €2m. SCISYS is a supplier of bespoke software systems, IT based solutions and support services to the media broadcast, space, government and defence and environment sectors. Foll

Read more
16 Sep 2014 11:25

UK MIDDAY BRIEFING: St James's Place Shares Fall As Ex-Partner Fined

Read more
16 Sep 2014 11:12

UK WINNERS & LOSERS: SCISYS Gains As It Signs Up For Mission To Mars

Read more
16 Sep 2014 07:07

SCISYS To Supply Software For European Space Agency's 2018 Mars Mission

Read more
24 Jul 2014 11:35

Scisys Confident In Meeting Half-Year Expectations On In Line Sales

Read more
18 Jun 2014 14:36

DIRECTOR DEALINGS: SCISYS Non-Executive Chairman, Executive Acquire Shares

LONDON (Alliance News) - IT services developer SCISYS PLC Wednesday said that Non-Executive Chairman Michael Love and Executive Director Stephen Brignall acquired shares on Monday via a share incentive plan, at a price of 85 pence per share.

Read more
22 May 2014 11:43

SCISYS On Track To Meet Full-Year Guidance

LONDON (Alliance News) - SCISYS PLC said Thursday it is on track to meet its full-year guidance and to report further profitable progress, boosted by a number of acquisitions and positive divisional performances. In a statement released ahead of its annual general meeting Thursday, the soft

Read more

Quickpicks are a member only feature

Login to your account