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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Danakali Limited | LSE:DNK | London | Ordinary Share | AU000000DNK9 | ORDS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.00 | 19.00 | 21.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4637Q Danka Business Systems PLC 02 October 2003 For Immediate Release 2 October 2003 DANKA BUSINESS SYSTEMS PLC ("DANKA" OR "THE COMPANY") Danka Provides Update on Oracle 11i Rollout Danka Business Systems PLC, a leading independent global supplier of office imaging systems and services, today announced that it has begun the final stage of Phase I of its Oracle 11i ERP system rollout in the U.S. As at the end of the Company's first fiscal quarter to 30 June 2003, about 50% of its U.S. business had been converted to the new system and by the end of the second quarter to 30 September 2003, approximately 73% of its U.S. business had been converted. This final stage will convert the remainder of the U.S. business to the new system. "The Company began the final stage of its rollout on 27 September," said Gene Hatcher, Danka's Chief Information Officer. "This project has been very expensive, time consuming and challenging; nevertheless, as we announced earlier, we expect to complete Phase I of our initial rollout across our U.S. business this fall." Danka's U.S. President and Chief Operating Officer, Todd Mavis added, "With the end of our Phase I Oracle implementation in sight, we will now be focused on realising the operational and customer service benefits of the system, leveraging our investment, and reducing our costs. The savings will come from reduced spending related to implementation of the system and reductions in expenditures related to maintaining multiple, disparate, outdated legacy IT systems and processes, which have been very resource and labor intensive. We are now looking at our entire U.S. organisation in the context of our new operating systems and processes, and expect headcount reductions over the next two quarters." The Oracle ERP implementation represents the most significant part of the Company's reengineering project, called Vision 21, which was launched in Fiscal Year 2002 as part of the company's objective to deliver a world class customer experience. -ends- Enquiries: Danka Business Systems PLC Don Thurman, Chief Marketing & Strategy Officer 001 770 280 3990 Paul Dumond, Company Secretary 020 7605 0150 Weber Shandwick Square Mile Katie Hunt 020 7067 0700 About Danka Danka delivers value to clients worldwide by using its expert technical and professional services to implement effective document information solutions. As one of the largest independent providers of office imaging equipment, document solutions and related services and supplies, Danka enables choice, convenience and continuity. Danka's vision is to empower customers to benefit fully from the convergence of image and document technologies in a connected environment. This approach should strengthen the company's client relationships and expand its strategic value. Forward-Looking Statements: Certain statements contained in this press release, or otherwise made by our officers, including statements related to our future performance and our outlook for our businesses and respective markets, projections, statements of our plans or objectives, forecasts of market trends and other matters, are forward-looking statements, and contain information relating to us that is based on our beliefs as well as assumptions, made by, and information currently available to, our management. The words "goal", "anticipate", "expect", "believe" and similar expressions as they relate to us are intended to identify forward-looking statements, although not all forward looking statements contain such identifying words. No assurance can be given that the results in any forward-looking statement will be achieved. For the forward-looking statements, we claim the protection of the safe harbor for forward-looking statements provided for in the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those reflected in the forward-looking statements. This information is provided by RNS The company news service from the London Stock Exchange END MSCUUGMPUUPWGWP
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