| IBS Interim report January-March 2008Press Release 2008-04-22 Solna, Sweden, April 22, 2008 - IBS AB (listed on the OMX Nordic Exchange Stockholm, Nordic list, Small Cap, Information Technology: IBS) today presented the Group’s interim report for January 1 - March 31, 2008. The information was submitted for publication on April 22, 2008, 2:00 p.m.
- Total revenue amounted to SEK 484 m (541).
- Net profit amounted to SEK -46 m ( 9).
- Earnings per share amounted to SEK -0.56 (-0.11).
- Operating profit amounted to SEK -55 m (-10).
- Earnings after financial items totaled SEK -63 m (-9).
- Cash flow from operating activities amounted to SEK 50 m (103).
- Second wave of cost program initiated with aim of reducing cost has led to a reduction of staff by 120 employees as compared to first quarter 2007.
- Implementation of new global organization finalized.
| Summary of Q1-2008 | Q1 2008 | Q1 2007 | Change % | | Total revenue, SEK m | 484 | 541 | -11% |
- New sales
- Renewal revenue
Software licenses, SEK m
| 23
62
85 | 39
63
102 | -17% | | License margin | 90% | 93% | -3 p.p. | | Professional services revenue, SEK m | 298 | 309 | -4% | | Professional services margin | 16% | 20% | -4 p.p. | | Hardware and other revenue, SEK m | 100 | 130 | -23% | | Hardware and other margin | 19% | 16% | 3 p.p. | | Operating profit, SEK m | -55 | 10 | -450% | | Earnings after financial items, SEK m | -63 | -9 | -600% | | Net profit | -46 | -9 | -411% | | Operating margin, rolling 12-month basis* | -0.3% | 4.0% | -4.3 p.p. |
* Excluding restructuring costs and capital loss from the sale of subsidiaries.
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