LONDON: Monitise Plc, a United Kingdom’s mobile-banking software maker, is expecting lower revenue for the year ended June.
The company, which recently formed a joint venture with Spanish bank Santander to invest in financial technology, said it expected revenue to be 88 million pounds to 90 million pounds ($137 million to $140 million) for the year ended June 30.
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Analysts are expecting full-year revenue of 91.63 million pounds, according to Thomson Reuters I/B/E/S. Monitise posted revenue of 95.1 million pounds in the previous year.
The company warned in January that revenue would not be as high as expected and its losses would be greater than analysts had expected, blaming changes in its business model.
