iSOFT (ASX:ISF) forecasts $40m ebitda for FY10

iSOFT (ASX:ISF) forecasts $40m ebitda for FY10

Health IT company iSOFT (ASX:ISF) has forecast it earned an ebitda of $40 million on revenue of $340 million in FY10.

The company said revenue was impacted by delays associated with the rollout of Lorenzo under its NPfiT contract had impacted revenue to the tune of $4.1 million. But the adjustment had no effect on cashflow.

The delay has held back revenue milestones for a further 12 months, but the additional time and cost to develop Lorenzo is expected to be supported by monthly revenue receipts, iSOFT added.

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Tags ASX:ISF e-health Guidance iSOFT

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