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UPDATE 1-Morse sees FY rev at upper end of analysts' view

Fri Jul 3, 2009 2:38am EDT

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* Sees adj EBIT from cont ops at upper end of market view

* Cash on hand about 12.7 mln stg at June-end (Adds details)

July 3 (Reuters) - British IT consultancy group Morse Plc (MOR.L) said on Friday it expected revenue and adjusted earnings before interest and tax (EBIT) from continuing operations for the full year ended June 30 at the upper end of analysts' forecast.

Four analysts on average were expecting full-year revenue of 211.2 million pounds, while three analysts on average forecast EBIT of 4.9 million pounds, according to Reuters Estimates.

Morse said it had cash on hand of about 12.7 million pounds ($20.79 million) at the end of June.

Shares of the company closed at 14.75 pence on Thursday on the London Stock Exchange.

($1=.6109 Pound) (Reporting by Shivani Singh in Bangalore; Editing by Anne Pallivathuckal)



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