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Spark cuts FY forecast on weak Govt & enterprise demand

Telco is seeing ‘significantly reduced demand in IT service management and professional services’.

Spark has cut its FY earnings guidance.

Will Mace Mon, 06 May 2024

Spark has reduced its full-year earnings guidance, blaming weaker demand in the enterprise and government market for a drop in IT revenue.

“Since the half, public and private sector spending cuts have deepened, and Spark has seen significantly reduced demand in IT service management and

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Will Mace Mon, 06 May 2024
Contact the Writer: william@nbr.co.nz
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Spark cuts FY forecast on weak Govt & enterprise demand
Investment,
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