Sesame is still at a loss

Latest fiscal year-end figures delivered by Sesame’s parent group, Misys, yesterday reveal the IFA network and support services firm did see its statutory operating loss pull back from £5.3m the previous year to £1.9m in the year to 31st May 2006. At the same time, however, figures indicate Sesame’s operating loss could have been even higher than in the previous year - despite revenue rising 18% from £319m in 2005 to £370m in 2006 - had the firm not earned an additional £5m profit through the £8m disposal of its 29% share in 1st Software to Vertex and the £2.8m loss on disposal of its rema...