RNS No 6515e
TOTAL SYSTEMS PLC
6 October 1999

                               Total Systems plc
                                       
                  TRADING UPDATE - year ending 31 March 2000
                                       
Terry Bourne, Chairman of Total Systems plc, the financial services software
supplier and internet, intranet and extranet developer, made the following
statement earlier today:

"In my last statement as Chairman at the Company's AGM in August to shareholders
I referred to protracted decision-making and investment deferrals by prospects.
This is continuing to be the case to such an extent that the outcome for the
year ending 31 March 2000 is likely to fall significantly short of market
expectations. There has been a more marked downturn in the market than
previously anticipated. A loss will be reported for the first half of the year
and further losses are likely to be reported for the second half year. While
interest in our products continues to be encouraging, many potential clients
have shown an unwillingness to commit to new product implementations and
developments in the first half of our financial year. We believe that a number
of these clients may place an order during the fourth quarter but the delays
experienced to date will limit the beneficial impact on the current year's
financial results. However the group remains in a strong financial position with
a healthy cash balance, zero gearing and no lease commitments."

Further details will be provided at the time of the group's interim results for
the six months ended 30 September 1999 which are due to be announced in
December.


e-mail: info@totalsystems.co.uk        web site: http://www.totalsystems.co.uk


Enquiries:
Terry Bourne, Chairman               Total Systems plc           0171 294 4888
Granville Harris, Finance Director   Total Systems plc           0171 294 4888
Simon Ellis                          Binns & Co. PR Ltd          0171 786 9600


END

TSTANOVKKKKRRAA
Total Systems (LSE:TTS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Total Systems Charts.
Total Systems (LSE:TTS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Total Systems Charts.