Orion Health warns strong kiwi weighing on revenue, cash position

Thu, 22 Sep 2016

By Paul McBeth Sept. 22 (BusinessDesk) - Orion Health, the health software developer, is still on track to return to profit in 2018, though the strength of the kiwi is crimping revenue in local currency terms and drained more cash than anticipated. Chairman Andrew Ferrier told shareholders at the annual meeting in Auckland that the company's forecast for revenue growth of more than 20 percent in the year ending March 31, 2017 wouldn't be met because the New Zealand dollar had appreciated against a number of currencies, meaning Orion will...

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