Sysgroup Share News (SYS)

LONDON (Dow Jones)--System C Healthcare PLC (SYS.LN) Tuesday said it expects 2010 fiscal-year revenue to jump 75% on the year but revenue in the short-term is at risk from U.K. government spending cuts. The provider of specialist IT products and services to the health and social care sectors said the surge in its fiscal 2010, ended May 31, revenue includes "substantial" organic growth. It made fiscal 2009 revenue of GBP21.9 million, which implies it is on course to make fiscal 2010 revenue of about GBP38.3 million. However, it faces some near-term uncertainty over fiscal 2011 revenue ahead of expected government spending cuts, while the timing of National Health Service procurements and deployments will have a significant impact on its performance during the current year as System C continues its transition into a product-led company. System C said its fiscal 2010 pretax profit is expected to be in line with current market expectations of GBP5.4 million. Despite tougher trading conditions it has "considerable" medium-term prospects and is confident of being able to capitalize on the substantial opportunities ahead. -By Hannah Benjamin, Dow Jones Newswires; 44-20-7842-9298; hannah.benjamin@dowjones.com (END) Dow Jones Newswires June 15, 2010 04:33 ET (08:33 GMT)