IkeGPS warns delayed fibre network builds will weigh on revenue

(Image: ikeGPS)

Fri, 29 Sep 2023

IkeGPS is warning first half revenue will miss expectations as three of its major infrastructure customers face delays to their own work.The utility pole management company said revenue will continue to grow but that first-half reoccurring transaction revenue will miss expectations due to the timing of engineering programmes for three of its largest infrastructure customers. That will catch up in the second half of the March 2024 year, and the company said it expects “very high levels of IKE product usage over the coming future perio...

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