Iona Technologies shares slide after profit warning

SHARES in Iona Technologies slid 7% yesterday after the struggling software company issued a profit warning.

The Dublin-based company said revenues for the three months to June would fall short of previous forecasts at between $13.6 million (€11.3million) and $14.1million.

It had previously flagged turnover of between $16million and $17million. The bottom line would fall into the red with a net loss of between $0.06 and $0.08 per share, a statement to the stock exchange said.