Fronde poised to announce further revenue decline | ZDNet

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Wellington-based IT services company Fronde has confirmed market rumours it is about to announce a further decline in sales. A big change in the way agencies procure, particularly for custom software development, was the root of the problem, he said. Agencies, like enterprises, had also identified they can invest for digital transformation around the periphery without the risk of replacing core systems, he said. "High levels of investment compounded by weak trading in Wellington are the key reasons for the loss," Clarke told shareholders at the time. Some of Frondes larger clients had also come to the end of their investment cycles and the election had slowed the market.

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