Orc Software AB – Interim report January 1 – March 31, 2007

Continued growth

Orc Software January–March 2007
• Net revenue SEK 124.3m (92.9 first quarter 2006)
• Revenue growth 33.7 % compared with first quarter 2006
• Operating income SEK 30.1m (3.5)
• Operating margin 24.2 (3.8) %
• Income after taxes SEK 20.8m (3.0)
• Earnings per share SEK 1.39 (0.20)


CEO Thomas Bill comments
Sales of Orc Software's products are increasing. It is particularly pleasing to see strong growth in the demanding North American market where our revenues rose in the first quarter by 70 percent compared with the same period last year. A strong product offering together with an effective sales organization and increased efforts on marketing are behind this good quarter.

Our products already address our clients' increasingly higher demands to handle large volumes and demand for connections to a greater number of marketplaces. One example is a global Investment Bank choosing our CameronFIX solution as its worldwide connectivity standard.

Several important deals were signed during the quarter for solutions for advanced trading and market connections.

The income for the first quarter shows that Orc's efforts since 2006 for increasing sales and profit have been successful.

Further to a good start to the year, we are on track to exceed the Board's target of an annual revenue growth of at least 15 percent and an annual operating margin of at least 15 percent.


Contact
CEO Thomas Bill
Telephone: +46 8 407 38 35

CFO Anders Berg
Telephone: +46 8 407 38 24