IT firm Anite announced its full-year 2010 results today, with revenue falling 12.5 per cent to £78.8m year on year.
Adjusted pre-tax profit of £9.9m for the year was almost half the £18.1m recorded last year.
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Industry experts say the dip in profits is the result of reduced customer spend on legacy technologies and investment in 4G wireless technologies.
Anite has a wireless business arm focusing on handset and network performance testing, and a travel arm offering managed services and e-commerce applications to travel operators.
In a statement Anite chief executive Christopher Humphrey said that the last financial year had been challenging. He added: "[we expect to see] an improvement in the second half with both the wireless and travel businesses making good progress."
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