IT firm Softline expects turnover to decline in major market Russia

Published by
Reuters UK

(Reuters) -London-listed IT firm Softline said on Tuesday turnover in its major market, Russia, would likely shrink from April to June due to ongoing uncertainty, but was confident of double-digit growth elsewhere. Reporting results for the full year ended March 31, Softline, which provides digital solutions, hardware and cloud services, said turnover grew 22% year-on-year to $2.2 billion in reported currency. Softline, which works closely with Microsoft, withdrew its business outlook in March, but on Tuesday gave guidance for the three months from April to June, saying it expected year-over-y…

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