Allocate Software (LON:ALL) - Slow approval cycles bite

Thursday, Oct 04 2012 by

Oct 04th 2012 - Edison Investment Research today published a report on Allocate Software (ALL.L, LSE:ALL, LON:ALL) entitled "Slow Approval Cycles Bite". In summary, the report says:

Allocate’s Q1 licensing weakness continued, with decision paralysis within the NHS. Growth of subscription sales, particularly HealthRoster Cloud, should improve earnings visibility over time, but is not enough to offset the licensing shortfall in the short term, with our forecast EPS moving back by 18% for 2013 and 2014.




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