Orc Software AB - Interim Report January 1-September 30, 2007 Strong operating income Orc Software is reporting operating income for the third quarter of SEK 32.5m (22.4 in the same quarter in 2006), an increase by SEK 10.1m or 45.1 percent. Operating income for the period January-September rose by SEK 43.4m, an increase of 94.3 percent, compared to the same period in 2006. July-September 2007 • Net revenue SEK 135.4m (103.6) • Revenue growth of 30.7% compared to Q3 2006 • Operating income SEK 32.5m (22.4) • Operating margin 24.0% (21.6) • Income after taxes SEK 36.7m (15.4) • Earnings per share SEK 2.35 (0.99) January-September 2007 • Net revenue SEK 384.1m (306.7) • Revenue growth of 25.2% compared to the same period in 2006 • Operating income SEK 89.4m (46.0) • Operating margin 23.3% (15.0) • Income after taxes SEK 78.3m (33.5) • Earnings per share SEK 5.07 (2.17) • Annual value of existing client contracts was SEK 456.0m at the end of Q3 2007 (324.3 at the end of Q3 2006), an increase of 131.7m or 40.6 percent • Capital gain of SEK 15.5m from the divestment of shares in Infront AS recognized in net financial income CEO Thomas Bill comments: We continued delivering healthy revenue growth in the third quarter. Operating income also increased - plus 45 percent over the last year - despite the drop in the US dollar. The order book trend was also favorable. We are experiencing steady interest in our solutions for derivatives trading, advanced automated trading, and connectivity. The sales trend is also satisfactory in geographical terms with growth in all regions. The performance in North America as well as in Asia and Australia is particularly good. Based on the current order book, we can confirm that we will exceed the Board of Directors' target of annual revenue growth and operating margin of 15 percent by a margin this year. Contact Details CEO Thomas Bill +46 8 407 38 35 CFO Anders Berg +46 8 407 38 24 Orc Software (SSE: ORC) is a leading global provider of technology for advanced derivatives trading and connectivity. Celebrating 20 years in 2007, Orc provides solutions and services to its worldwide customers from its offices across Europe, North America and Asia Pacific. Orc Software's customers include leading investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors, hedge funds and software vendors. CameronFIX, the number one Financial Information Exchange protocol (FIX) platform, is an Orc Software connectivity solution. CameronFIX is used as a FIX platform by major members of the global financial industry. Orc Software has offices in Amsterdam, Chicago, Frankfurt, Hong Kong, London, Milan, Moscow, New York, Stockholm, St. Petersburg, Sydney, Toronto, Vienna and Zurich.
Orc Software AB - Interim Report January 1-September 30, 2007
| Source: Orc Software AB