Datatec cuts revenue outlook

IT group Datatec cut its annual forecasts yesterday as the company said it had failed to meet expectations in its US and European markets. Datatec said annual revenues are now expected to be as low as $5.2bn (£3.4bn) down from the previous $5.4bn estimate, sending shares in the group down almost three per cent. The company, which is based in London and Johannesburg, had issued a profit warning in December.