The Channel logo

News

By | Team Register 2nd May 2006 15:33

iSoft suffers NHS fever

Warns on profits

Health service supplier iSoft warned on Friday that profits would be half the most optimistic City estimates after a key NHS customer failed to award iSoft a contract extension before its 30 April year-end.

Consequently, and following earlier reported NPfIT-related problems, iSoft said it would be able to match only half the profit forecast made by the City. Profit forecasts had been in the range of £24m to £42m. They will now be £17m to £22m.

The earlier reported problems consisted of a public relations battle fought by iSoft against "unfounded" speculation of financial difficulties at the firm, and a trading update in January which said 2005 revenues would be £45m below expectations because of delays to the NHS IT programme. ®

alert Send corrections

Opinion

Lost

Jennifer Baker

European Commission still silent despite Ireland's plea

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow

Features

AWS and Salesforce match up to Ellison's hardware
Five years on, what did Larry's lot do to Sun's partner network?
But here's why we're (probably) not staring at a crash
BlackBerry Passport
Network intelligence - our secret weapon