Intercede warns on ‘fiscal cliff’

Yet another AIM-listed tiddler has been hit by orders shifting to the right (see Zoo cagey on profits and cash). Identity management software provider Intercede warned that US contracts have been delayed due to US budget spending uncertainties. This will leave FY revenues yet again pretty much static on the prior year (£7m) and an unspecified operating loss. But there’s still £6m in the bank. Intercede gets over 70% of its business from North America.