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The lost contract represented nearly a fifth of Medco's business.
As Mr. Corbett likes to say, one lost contract can kill them.
It said the lost contract would be reflected in the company's backlog of information technology services, to be disclosed next month when I.B.M. announces its third-quarter results.
British outsourcing firm Serco said on Monday it expected revenue and trading profit to fall in 2016, due to the sale of its offshore call centre business and a number of lost contract.
If they have a credible complaint about a lost contract, they have a greater chance of being heard.
"The recovery hasn't increased predictability and companies still have little room for manoeuvre when things go wrong, such as a lost contract, adverse currency movement or price drop".
Similar(53)
Excluding recaptured Nextel customers, it lost contract-signing subscribers from the Sprint network for the first time in years.
In recent months Aero has lost contracts to Britain's BAE Systems and to the Chinese.
The company will stop feeling the impact of those lost contracts by the end of 2010, Ms. Hund-Mejean said.
"Several companies, including members of CEA, have already lost contracts with foreign governments worth millions of dollars.
In a career spanning more than a decade, Hrunov has won and lost contracts with some of Russia's top boxers after accusations of mismanagement.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com