DGAP-News: InVision Software AG / Key word(s): Quarter Results/Interim
Report
InVision Software AG Confirms Record Figures for the 1st Quarter of
2011
16.05.2011 / 11:19
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InVision Software AG Confirms Record Figures for the 1st Quarter of 2011
- Final quarterly figures show revenue increase of 29 percent
- Net result improves by EUR 0.8 million, EBIT by EUR 1.4 million
- High demand for new cloud solution
Ratingen (Germany), May 16th, 2011 - InVision Software AG (ISIN:
DE0005859698), one of the leading international providers of cloud-based
workforce management, today confirmed the preliminary figures for the 1st
quarter of 2011 which had been published in mid-April. InVision Software
reported 29 percent higher quarterly revenues, climbing from EUR 2.9
million in the first quarter of last year to EUR 3.7 million in the first
quarter of this year, and posted 1st quarter EBIT of EUR 0.1 million after
sustaining a EUR 1.3 million loss in the 1st quarter of 2010. The company
has thereby started off fiscal year 2011 by generating record figures. The
Group's consolidated net income in the 1st quarter totalled EUR -0.2
million compared to EUR -1.0 million in the 1st quarter of the previous
year. Since year-end 2010, liquid funds have risen by EUR 0.7 million to
EUR 6.4 million.
Software and subscription revenues increased by 30 percent to EUR 2.6
million, and also service revenues climbed 27 percent up to EUR 1.1
million. There was particularly strong business growth in the
German-speaking regions as revenues there jumped 41 percent to EUR 2.1
million. Other regions reported 15 percent growth to EUR 1.6 million.
As one of the world's technology leaders for workforce management
solutions, InVision Software continues to drive industry trends by
transitioning its business model to cloud computing. The strong interest
shown for InVision Software's new cloud package proves that the company has
struck a chord with its customers. InVision has therefore decided to
extend its offering of cloud products to Italy and France by 1 July 2011,
earlier than planned. By the end of the year, up to 100,000 users should
be able to access InVision's cloud solution.
The complete financial report for the first three months of 2011 is now
available for download from the Company's website at
www.invisionwfm.com/financial_reports.
About InVision Software AG:
InVision Software is a leading international provider of cloud-based
workforce management solutions which enable companies to optimise their
staff planning and scheduling processes. InVision empowers customers to
reduce personnel costs, increase productivity, improve employee
satisfaction and to boost revenue by leveraging better customer service.
Founded in 1995 and based in Ratingen (Germany), InVision currently employs
about 170 WFM specialists and has offices across Europe, North America, and
South Africa. InVision Software AG (IVX) is listed in the Prime Standard
Segment of the Frankfurt Stock Exchange.
Further information: www.invisionwfm.com
Contact:
InVision Software AG
Investor Relations,
Jutta Handlanger
Halskestrasse 38,
40880 Ratingen (Germany),
phone: +49 (0)2102 728-444,
fax: +49 (0)2102 728-111,
email: ir@invision.de
End of Corporate News
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Language: English
Company: InVision Software AG
HalskestraÃe 38
40880 Ratingen
Deutschland
Phone: +49 (0)2102 / 728-0
Fax: +49 (0)2102 / 728-111
E-mail: info@invision.de
Internet: www.invision.de
ISIN: DE0005859698
WKN: 585969
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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124782 16.05.2011
DGAP-News: InVision Software AG Confirms Record Figures for the 1st Quarter of 2011
| Source: EQS Group AG