Ingenta slides most in 12 years after lower annual profit outlook
Today 10:41
BUZZ-Ingenta slides most in 12 years after lower annual profit outlook ** Shares of software provider Ingenta INGI.L slump as much as 22% to 65.90 pence
** Marks biggest intraday drop since June 2014
** Co expects 2026 EBITDA to be slightly below 2025 as it invests in sales and marketing
** Says long-term customers moving to global whole-enterprise software platforms and some larger clients shifting to short-term contracts raise risk for 2027 revenues and beyond
** Stock down about 37% YTD
(Reporting by Neeshita Beura in Bengaluru)