16 August 2017
Find out more

Morse soars on financial sector IT sales

20 January 2004  |  3525 views  |  0 Mouse

Shares in UK technology integrator Morse have moved to a new yearly high after the company issued a quarterly sales performance update confirming a number of large financial sector infrastructure deals.

The firms says sales for the quarter to 31 December 2003 were £114 million (2002: £92 million) resulting in half-yearly sales foof £187 million (2002: £185 million).

The firm, which has experienced a steady rise in its share price this year on the back of financial sector IT sales rumours, says a particular characteristic of Q2 was "the number of large infrastructure deals, especially in the financial services sector".

Duncan McIntyre, chief executive, comments: "We are pleased with the increased level of activity, particularly in our financial services business."

Shares in Morse rose to 181 pence by mid-morning, up from the previous close and yearly high of 175.5 pence.

The company will report a full set of interim results on 25 February.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Morse shares rise on financial sector deal rumours

Morse shares rise on financial sector deal rumours

09 January 2004  |  3247 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10911 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
9990 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9371 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9055 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8205 views comments | 6 tweets | 21 linkedin