IFS reports improved EBIT and continued profitable growth
IFS improved EBIT margin by 14%, saw growth in target markets and delivered new, innovative products in 2010. Strong increase in cash flow supports stronger pace of acquisitions going forward. For 2011, IFS expects good organic growth, stronger license sales and a continued improvement in EBIT.The world economy is forecast to continue to improve in 2011 and 2012. IT Industry analysts expect growth for the software market in general, and the enterprise application market in particular. According to Gartner, the growth will be in the region of 5–6%. ─ IFS is well positioned to benefit