Orion Health revenue misses forecast; 'substantial' restructure to cut costs by up to $30M

Mon, 02 Apr 2018

By Paul McBeth April 3 (BusinessDesk) - Orion Health Group shares fell after the healthcare software developer missed guidance for annual sales due to delays in finalising some large deals and said it's targeting annual savings of up to $30 million in a "substantial" restructure of global operations. The Auckland-based company's revenue was between $170 million and $173 million in the year ended March 31, missing already downgraded guidance of $175 million to $190 million, it said in a statement. The late transactions will be carried ove...

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