Brief: Redknee Solutions Q1 loss per share $0.14

Optiva

10/05/2017 22:46

May 10 (Reuters) - Redknee Solutions Inc  RKN.TO : 
    * Redknee Solutions reports first quarter fiscal 2017 
results 
    * Qtrly revenue was $34.4 million compared to $39.8 million 
    * Q1 loss per share $0.14 
    * Order backlog of $161.4 million at march 31, 2017 
    * Q2 earnings per share view $-0.04, revenue view $35.0 
million -- Thomson Reuters I/B/E/S 
    * Says expects that this restructuring will generate 
annualized savings of $50 to $60 million over next 18 to 24 
months 
    * Says intends to reinvest cost savings into customer 
success and to execute on its $100 million product 
revitalization plan 
    * Redknee solutions - independent directors have engaged 
independent advisors to assist in consideration of financing 
options to fund this restructuring 
    * Says has begun its restructuring activities and announces 
departure of cto, ralf guckert 
    * Redknee Solutions inc says "as company continues 
implementing further restructuring activities, it anticipates 
additional executive departures" 
 
Source text for Eikon:  ID:nCNWRxZRba  
Further company coverage:  RKN.TO  
 
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