RM walks the line
Expectations remain unchanged
RM saw no indications of a fall in spending in its markets for the first half of its fiscal year, and said expectations for the full year remain unchanged.
The education IT supplier said trading was in line with management’s plans covering the period from 1 October 2008 to 6 February 2009.
However, it also pointed out that “performance at this stage is not a reliable indicator of the outcome for the full financial year” because the first quarter is typically chilly for revenue and order intake.
The seasonal nature of RM’s business relies on buying patterns in the schools marketplace that tend to make the second half of the company’s financial year a better indicator for how well it has performed over the past year.
RM plans to issue a pre-close update for H1 that ends on 31 March. ®