Access Intelligence Group (AIM:ACC) plummeted 28%, with investors seemingly latching onto the group‘s downbeat outlook, particularly in North America.
A statement from the Software-as-a-Service (SaaS) solutions provider said that it expects a slowdown in the decision of its target market in the US in 2023 to continue, ultimately hitting sales.
Despite this, Access Intelligence reported a 97% jump in revenue for the year-ended 30 November.
Adjusted underlying earnings also came in ahead of consensus expectations, it said, while it continued to integrate the Isentia business it acquired in the fourth quarter of 2021.