Inormation technology solutions group I S produced 'disappointing' results for the year to 31 December, as contract delays on both sides of the Atlantic shackled second half profits. Prior to goodwill a pre-tax profit of £868,000 was turned in for the year, compared to £1.2m 12 months earlier. More encouragingly, though, revenues had climbed slightly to £12.2m (£11.8m). As a result of its recent problems the past year has witnessed several significant changes in the company's strategy. In the UK web-based services, such as e-commerce solutions, have become the major source of revenue, whereas more traditional activities such as facilities management, have dwindled. In the US the plan is to increase the number of projects being worked on and build up recurring revenues from here. Since year-end new contracts, worth a total of £2.5m, have been signed with the likes of Eurostar, Woolwich Financial Services and Toshiba Europe. However, chairman Barrie Clark still professes to being 'cautious about the prospects for the US operation'.