Xpedior Inc. (Nasdaq: XPDR) fell 2 to 8 13/16 Tuesday after the Chicago, Illinois-based software maker warned of lower revenue in the third quarter, a result of a cutback in spending by dot-com customers.
Xpedior said that while revenue will be about 65 percent above last year’s third quarter, it will be down about 10 percent from the $62.9 million recorded in the second quarter of this year.
President David Campbell said the company is optimistic about returning to “consistent sequential quarterly revenue growth” in the fourth quarter.
Campbell explained, “Customers are committed to using the Internet for business. However, the pullback of spending by dot-com businesses has also led to some delays in decision-making among our global 2000 clients. We are also seeing larger, complex projects that are more dependent on a clear return on investment model.”