Vista shares drop 24% on downgraded annual revenue growth

Thu, 29 Aug 2019

By Jenny Ruth Aug. 29 (BusinessDesk) - Vista Group International downgraded expected annual revenue growth from its core Vista Cinema and Movio businesses to 14-18 percent from previous guidance of 20 percent as revenue from several large projects slips into the next financial year. Overall group revenue growth is expected to be 10-12 percent for calendar 2019, the company says. The downgrade follows five consecutive years of 20 percent-plus revenue growth and the 23 percent growth achieved in 2018. The cinema and movies software co...

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