Cerillion has lowered its revenue and earnings margin guidance after some anticipated new and existing customer orders have been delayed or deferred.

The firm said these delays include expansions and upgrades to software licenses.

The billing, charging and customer relationship management software solutions provider stated that major implementations are progressing, with the transformation project at Ucom nearing completion and software installation having been completed at Omantel.

In its update on 1 June, Cerillion reported that there was a significant second-half weighting to the current year’s results.

While the second-half results will be “significantly ahead” of the first-half, its board said the year’s outturn will be “behind consensus market forecasts”.

As a result, revenue is set to be in the range of £46m to £48m, and its adjusted earnings margin is in the range of 43% to 45%.

Following the update, shares in Cerillion dropped by over 13%, marking a 35% fall in the year-to-date.

The firm will announce its full-year results in late November.

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