They are the NHS software provider10 Nov 2006 08:59
Huge problems at Isoft, their software system for the NHS is hugely over budget and late. Reported an expected 10-15% revenue slump a month or two back, have had director resignations, investigations into it's auditors and it lost £382m in the last financial year, on turnover of £201m.
Could be seen as a recovery stock if they get the NHS sorted, but I for one would want to see the share price collapse halted before I considered this a worthy risk. I'd suggest it's worth taking a look at TRX, formerly part of IOT, instead.