Brief: Redknee Solutions Q1 loss per share $0.04

Optiva

10/02/2016 22:01

Feb 10 (Reuters) - Redknee Solutions Inc  RKN.TO : 
 * Reports fiscal first quarter 2016 results 
 * Q1 revenue $50.1 million versus $62.6 million 
 * Q1 loss per share $0.04 
 * Says initiated its planned cost structure optimization as it finalizes the 
   integration of orga 
 * Expects to close certain offices, resulting in headcount reductions of 
   between 200 and 300 full-time equivalents globally 
 * Restructuring is expected to cost between $25 and $30 million and result in 
   annualized savings of between $20 and $25 million 
 * Says continue to expect the acquisition of orga to be accretive in fiscal 
   2016 
 * Q1 earnings per share view $0.03, revenue view $59.9 million -- Thomson 
   Reuters I/B/E/S 
 
 * Source text for Eikon  ID:nCNWSmCVga  
 
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