TeleComputing 2nd quarter 2008

• Total group revenue for 2nd quarter 2008 was MNOK 229,0 (MNOK 185,5), representing a growth rate of 23,4 %

• The organic growth rate was 19,8 %, after adjusting for the prior 12 months’ acquisitions and divestitures.

• Excluding the effect of SEK/NOK currency fluctuations, the organic growth rate was 21,5 %.

• Order inflow in the IT Operations segment during the 2nd quarter was MNOK 208 (MNOK 126). New contracts represented MNOK 125 (MNOK 106) of the order inflow.

• Operating profit before amortization (EBITA) was MNOK 16,5 (MNOK 12,9), representing an EBITA margin of 7,2 %.

• After amortization expenses of MNOK 1,8 (MNOK 1,6), operating profit (EBIT) was MNOK 14,7 (MNOK 11,3).

• Profit before tax was MNOK 11,1 (MNOK 9,6).

• Net income after tax was MNOK 7,8 (MNOK 8,8). The company’s effective tax rate is 28 % in 2008 vs. 7 % in Q2 2007.


More details may be found in the attached information