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IT sector declares highest number of profit warnings since 1998

The Software & Computer Services (SCS) sector saw a threefold increase in profit warnings during 2000 according to business advisers Ernst & Young in its latest quarterly `Analysis of Profit Warnings' (and annual warnings review). Warnings overall rose again on the previous quarter, as they had steadily throughout the year, by 4 per cent in the fourth quarter of 2000.

The SCS sector accounted for 22 per cent (17) of the 77 profit warnings issued in Quarter 4, 2000, one of the highest number recor

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