Monday, 16 February 2009

Intec feeling pain in Asia/Pacific

(By Anthony Miller). Though business in its EMEA and North American regions seems to be holding up, UK-based telecom billing and operations support system software player, Intec Telecom, is now seeing weakening demand in Asia and will cut costs accordingly. In its trading update (see here), management still expects 1H09 revenues and profits to well exceed 1H08 at constant currency (over 90% of Intec’s sales come from outside of the UK). At least management can fully concentrate on the job at hand without the distraction of last year’s takeover talks (see Intec organises for next growth phase).

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