SLI Systems says second-half revenue will miss expectations on weaker American sales

Mon, 27 Apr 2015

By Tina Morrison April 28 (BusinessDesk) - SLI Systems, the online retail search engine developer, said revenue in the second half of its financial year will be less than expected because of a shortfall in American sales after it reorganised its sales team, and as it was impacted by a weaker Brazilian economy. Operating revenue will rise to $28 million in the year ending June 30, from $22 million a year earlier, the Christchurch-based company said in a statement. The forecast is lower than the $30.5 million expected by analysts in a Reute...

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