Serko warns on annual sales as first-half comes in at bottom of range, may raise capital

Thu, 19 Nov 2015

By Paul McBeth Nov. 20 (BusinessDesk) - Serko, the online travel booking company, cut its forecast for annual revenue by 15 percent, after reporting first-half sales near the bottom of an already reduced guidance due to late product roll-outs and a slowing Australian economy. The Auckland-based company expects annual revenue to be 15 percent below the bottom end of its $16 million to $18 million range provided at its annual meeting in August, blaming reduced demand for non-recurring customised software development, and longer lead-in time...

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