LONDON (ShareCast) - Supplier of remote vending machine software Vianet said revenue will be lower than previously forecasted as new installation to GlaxoSmithKline will be less than expected.
The group said new installations to GlaxoSmithKline for this calendar year will be materially lower than previously expected
In absence of material additional sales from other sources, the group said it will result in a shortfall in revenues against current forecasts
"The company is in the final stages of negotiating a new long term purchase contract with GSK and agreeing terms for the immediate drawdown by GSK of scheduled deliveries to date," it added.
The group said it will give a further update when annual results are announced at the end of June.
