Interim report January-March 2011 — Strong growth in revenue and earnings

JANUARY–MARCH 2011 (FIRST QUARTER)

  • License revenue amounted to SKr 74 million (Q1 '10: SKr 65 million), an improvement of 23 percent currency adjusted.
  • Maintenance revenue was SKr 196 million (Q1 '10: SKr 199 million), an improvement of 6 percent currency adjusted.
  • Consulting revenue amounted to SKr 335 million (Q1 '10: SKr 322 million), an improvement of 12 percent currency adjusted.
  • Net revenue was SKr 607 million (Q1 '10: SKr 589 million) an improvement of 11 percent currency adjusted.
  • EBIT amounted to SKr 10 million (Q1 '10: SKr 8 million). Cash flow after investments was SKr 43 million (Q1 '10: SKr 74 million).
  • Earnings per share after full dilution amounted to SKr 0.15 (Q1 '10: SKr 0.11).

 

OUTLOOK
IFS expects good organic growth in 2011, with stronger license sales and an improvement in EBIT

INQUIRIES

IFS
Alastair Sorbie, President & CEO  Tel:  +44 1494 42 89 00
Paul Smith, Chief Financial Officer  Tel:  +44 1494 42 89 00
Frédéric Guigues, Investor Relations  Tel:  +46 8 58 78 45 00

About IFS
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on industries where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total. Net revenue in 2010 was SKr 2.6 billion.

The information is that which IFS is required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on April 21, 2011, at 08:00 a.m. CET.

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About Us

IFS™ develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with commitment to our customers, has made us a recognized leader and the most recommended supplier in our sector. Our team of 3,300 employees supports more than one million users worldwide from a network of local offices and through our growing ecosystem of partners. For more information, visit: IFSworld.com Follow us on Twitter: @ifsworld Visit the IFS Blog on technology, innovation and creativity: http://blog.ifsworld.com/

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