profit downgraded 10%

the last profit outlook/guidance on presentation on 22/2/12
copy:

Net result anticipating flat to lower Group Segment Profit growth in FY 2012 (before investments), with a neutral target.

today Said 10% lower than FY11 on AGM

So profit downgraded 10%.

Am I right?

let me know if you find different last profit outlook/guidance pls.




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detail:
IRESS GROUP OUTLOOK 13
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Trading 2012
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Ongoing challenging environment.
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Mixed experience into first half, with both revenue commencing from projects, and widespread focus on cost savings at all levels.
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Positive momentum from prior half, but flat aggregate experience over course of H1.
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Outlook
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Demand for solutions remains, heightened in differentiated products and segments.
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Growth moderated by cost and consolidation dynamics in prolonged poor market dynamics.
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Net result anticipating flat to lower Group Segment Profit growth in FY 2012 (before investments), with a neutral target.
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Committed to investment in medium and long term growth opportunities.