Shares in Kcom Group Plc , which provides communications services for enterprise and public sector organizations, fall as much as 7 percent after the company says growth in its core segment has been lower than previously anticipated.
The Kcom segment, which provides broadband services and makes up about 75 percent of its overall revenue as of Mar. 31, delivered year-on-year growth in its multi-year order backlog, although lower than previously anticipated due to the uncertain environment for business investment decision making.
"The interim trading update to 30 September reveals performance in line with the lower end of the consensus range," says FinnCap analyst Andrew Darley.
Slower customer decision making is likely to persist, he adds. For more, click on To see Kcom 's statement, please click on Reuters messaging rm://firstname.lastname@example.org
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