Losses triple at InterX

Down down, deeper and down

By Linda Harrison • Get more from this author

Posted in Business, 21st August 2001 14:21 GMT

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UK software outfit InterX today reported widening losses.

The company said pre-tax losses reached £60.6 million for the 11 months ended June 30. This compared to losses of £20.6 million for the full year ended August 5 2000.

The figures included a £1.6 million restructuring charge - this covered costs associated with 58 redundancies earlier this year. The company headcount is currently 134.

Sales for continuing operations at the Middlesex-based company were £5.6 million, compared to £3.2 million a year earlier.

The job losses and restructure followed disappointing sales of InterX's eCRM platform Bladerunner.

It has since switched strategy, and now uses Bladerunner as a platform for other software products -the first of these, Net2020, was launched two months ago.

Richard Jewson, InterX chairman, said the world technology market had seen "enormous upheaval" during the 11 month period ended June 30.

But the company said it remained confident that it would see "significant revenue growth" during the current financial year. ®