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

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'