Gentrack shares tumbled 25 per cent after the software provider to utilities companies and airports handed investors its fourth downgrade to earnings expectations since July 2019.
The Auckland-based, dual-listed group blamed the latest profit warning on tough market conditions across its core utilities markets.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
