Strong product revenue, earnings, and cash flow in second quarter
FINANCIAL AND OPERATIONAL HIGHLIGHTS
April–June 2010 (Second Quarter)
- License revenue adjusted for currency up 26% to SKr 103 million (Q2 '09: SKr 86 million)
- Maintenance and support revenue was SKr 205 million (Q2 '09: SKr 193 million), up 10% adjusted for currency
- Net revenue was SKr 655 million (Q2 '09: SKr 640 million)
- EBIT was SKr 64 million (Q2 '09: SKr 33 million)
- Cash flow after investments was SKr 92 million (Q2 '09: SKr 32 million)
January–June 2010 (Six Months)
- Product revenue was SKr 572 million (YTD '09: SKr 549 million)
- Net revenue was SKr 1,244 million (YTD '09: SKr 1,274 million)
- EBIT improved to SKr 72 million (YTD '09: 63 million)
- Cash flow after investments improved to SKr 166 million (YTD '09: 153 million)
- Earnings per share after full dilution amounted to SKr 1.46 (YTD '09: 1.00)
OUTLOOK
The outlook for the full year remains unchanged with moderate growth anticipated, excluding the effects of acquisitions.
CONTACT INFORMATION
Anne Vandbakk
Phone: +47 66 90 73 00
Corporate Communications Director
anne.vandbakk@ifsworld.com
Manni Svensson
Phone: +46 8 58 78 45 00
IR & PR
manni.svensson@ifsworld.com
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 agile businesses 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 2009 was SKr 2.6 billion.
More information on IFS is available at www.IFSWORLD.com
IFS, Box 1545, SE-581 15 Linköping, Sweden – Phone: +46 13 460 40 00 – Fax: +46 13 460 40 01 Industrial and Financial Systems, IFS AB (publ) is a limited liability company registered in Linköping, Sweden. Corporate identity number: 556122-0996
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