UK's Aptitude Software down, flags macroeconomic conditions impacting investment decisions

Aptitude Software

21/03/2024 08:29

** Aptitude Software's  APTD.L  shares down 7% at 330.90 p
    ** Stock among top pct losers across London stocks, biggest
loser on FTSE Small Cap index  .FTSC 
    ** Company says macroeconomic conditions continue to impact
churn and investment decisions, resulting in lengthening sales
cycles
    ** Company expects these trends to moderate headline revenue
in 2024, profitability to be in line with 2023
    ** APTD reports FY adj operating profit of 9.7 mln pounds,
up 29%
    ** Says share buyback to return up to 20 mln pounds over
three-year period
    ** Shares up 18% YTD, including session moves

 ($1 = 0.7820 pounds)

 (Reporting by Anchal Rana in Bengaluru)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050))