BASWARE INTERIM REPORT JANUARY 1 - MARCH 31, 2011 (IFRS)
SUMMARYJanuary-March Q1: Strong start to 2011 * Net sales EUR 26 058 thousand (EUR 23 132 thousand) - growth 12.7 percent * Operating profit EUR 2 957 thousand (EUR 2 136 thousand) - growth 38.4 percent * Operating profit 11.3 percent of net sales (9.2%) * Growth of Automation Services (SaaS and e-invoicing) 48.6 percent The estimated revenue to be recognized for current Automation Services agreements in production in the next twelve months is EUR 15.8 million, growth from previous quarter 8.0 percent * Recurring revenue (including Maintenance and Automation