CORRECTED - CORRECTED-(Sept 28)-UPDATE 1-Moduslink Q4 loss widens
(In Sept. 28 story, corrects first bullet and sixth paragraph to clarify that revenue rose 1.3 pct, not 13 pct)
* Q4 rev up 1.3 pct to $228.1 mln
* Q4 loss $0.58/shr
* Sees lower cash flow from operations
* Shares down 14 percent in after-market trade
Sept 28 (Reuters) - Business software provider Moduslink Global Solutions Inc (MLNK.O) reported a wider quarterly loss and said it expects economic uncertainty to impact its top line in the first quarter, sending its shares down 14 percent.
Going forward, the company said, it expects cash flow to be lower than what it was in fiscal 2010.
"We expect that our clients will remain cautious about managing their supply chain and we expect to experience similar economic-related factors that influenced our financial performance over the past two quarters.," chief financial officer Steven Crane said in a statement.
The company generated $32.1 million in free cash flow from operations during the year, compared with $7.2 million last year.
For the fourth quarter, the company posted a loss of $25.5 million, or 58 cents a share, compared with $4.1 million, or 9 cents a share, last year.
Revenue grew 1.3 percent to $228.1 million, but was offset by higher expenses.
Shares of the company, which have lost over 27 percent since the beginning of the year, were down 12 percent in trading after the bell. They closed at $7.22 Tuesday on Nasdaq. (Reporting by Himank Sharma in Bangalore; Editing by Vyas Mohan)
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