Changed margin forecast for 2007
IBS will not reach its margin forecast for full-year 2007. The revision is based on an assessment made by the Board of Directors and management of the effects of increased costs combined with lower license revenue during the first five months of the year, compared with the year-earlier period.During the first five months of the year, IBS’ costs were higher than planned. The cost deviations were mainly related to personnel. Planned restructuring measures, pertaining mainly to a consolidation of offices and off-shoring of parts of customer related programming and product development, have