Flash note: Revenues affected by write-down of older projects
Some older projects which have been experiencing delays are likely to be written off, leading to FY14 revenues substantially below expectations. These projects pre-date the implementation of more rigorous customer acquisition policies and consequently this should be a one-off adjustment. However, until there is more clarity on the ‘base effect’ that this adjustment will have on FY15 and beyond, we withdraw forecasts.Maistro is engaged in developing and operating an Enterprise Indirect Spend Management Platform that helps private and public-sector organizations achieve significant cost savings and operational efficiencies in both procuring and managing the supply of goods and services. Co., acting as principal, delivers this solution using its proprietary cloud-based software and managed services to create an end-to-end solution that includes sourcing, supplier shortlisting, contract and project management through to payment processing and reporting. Co. focuses on Enterprise buyers and suppliers, with national and multi-national entities engaged on the platform.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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