The board of London Bridge Software has quashed fears of an imminent profit warning by declaring that interim figures to June will be 'in line with broker expectations'. Pre-tax profits before goodwill are predicted to be slightly down on last year at between £5m and £5.5m (£5.7m), though group sales will climb by around £9m to £36m. Chief executive Jon Lee noted that the customer relationship and credit risk management software developer's 'consulting, maintenance and e-commerce activities were all on track' and that new orders had been received from the US, Asia, South Africa and the Middle East. On the downside trading conditions 'continue to be difficult' and an ever-increasing number of software companies, which, like London Bridge, sell 'high-ticket value' products, are seeing contracts postponed as large corporations tighten their belts. With around 60% of all revenue coming from the US, the likes of HSBC, ING Barings and UBS Warburg urging investors to either reduce or sell and an uphill struggle to meet full year profits forecasts of £13.4m, the shares are likely to fall over the coming months. But longer term London Bridge may be well placed.