Reuters logo
BRIEF-Redknee Solutions reports Q1 fiscal 2017 results
February 8, 2017 / 11:46 PM / 9 months ago

BRIEF-Redknee Solutions reports Q1 fiscal 2017 results

Feb 8 (Reuters) - Redknee Solutions Inc

* Redknee Solutions reports first quarter fiscal 2017 results

* Redknee Solutions Inc qtrly revenue was $37.2 million compared to $50.1 million

* Board of directors concluded that there are opportunities to further restructure business

* Redknee Solutions Inc qtrly loss per share $0.06

* Redknee Solutions Inc - Order backlog of $162.1 million at December 31, 2016

* Redknee Solutions Inc- Withdrawing financial guidance it had previously provided for fiscal 2017 for revenues of between $170 million and $180 million

* Redknee Solutions - Board directed management to develop various restructuring proposals with specific focus on realizing additional cost savings

* Redknee Solutions Inc- Withdrawing financial guidance it had previously provided for fiscal 2017 for adjusted EBITDA of between $15 million and $20 million Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below