UK's Aptitude Software slips on CEO exit, tepid outlook
13/07/2023 08:55
** Shares of IT firm Aptitude Software Group APTD.L fall
as much as 11.7% to 15 month low of 300 pence
** Stock top pct loser on FTSE small cap index .FTSC
** Adds CEO Jeremy Suddards to step down and insider Alex
Curran to be acting CEO
** Co expects "modest revenue and profit progression" in H1
2023
** APTD's annual recurring revenue grew 3% to 49.8 mln
pounds ($64.80 mln) as of 30 June vs 48.1 mln pounds yr ago
** If losses hold, stock set to post biggest one-day loss
since March 2022
** As of last close, APTD down 2.8% YTD
($1 = 0.7685 pounds)
(Reporting by Hani Kollathodi in Bengaluru)
((Hani.Kollathodi@thomsonreuters.com;))