Access Intelligence flags slowdown in North America, shares plunge

Pulsar

13/12/2022 11:24

** Shares of software and computer services company Access
Intelligence  ACCI.L  down as much as 28% at 63p 
    ** Hit lowest level since July 2020 
    ** Says its sales in North America have been challenged by a
slowdown in decision-making at enterprise level 
    ** Expects the slowdown trend to continue in 2023 for North
America due to the current market backdrop 
    ** ACCI set to post worst day since Jan. 17, if losses hold 
    ** Co sees FY total revenue at about 65.6 mln pounds ($80.54
mln), up from 33.3 mln pounds a year ago  urn:newsml:reuters.com:*:nTUC8NPYL9 
    ** Including session losses, stock has fallen ~59% YTD 
($1 = 0.8145 pounds)
 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))