Demand for IT training courses has been negatively impacted by the involvement of staff in Y2K issues and customers waiting for Windows 2000 products at the end of the year, according to Cheshire, UK-based training company Xpertise Group Plc. As a result, Xpertise, producing its first results since becoming a public company by reversing into […]
Demand for IT training courses has been negatively impacted by the involvement of staff in Y2K issues and customers waiting for Windows 2000 products at the end of the year, according to Cheshire, UK-based training company Xpertise Group Plc. As a result, Xpertise, producing its first results since becoming a public company by reversing into a listed shell company, expects lower-than-forecasted revenue and income for the full financial year.
Xpertise produced net income of 92,000 pounds ($148,120) for the six months through June 30 and, while there are no directly comparable figures for last year, revenue showed a 7% increase to 2m pounds ($3.2m). Despite the current downturn in sales, directors say they hope to announce an acquisition before the end of the year.
