IBS Interim Report January - September 2008Press Release 2008-10-23 Solna, Sweden, October 23, 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 - September 30, 2008. The information was submitted for publication on October 23, 2008, 8:00 a.m. January – SeptemberTotal revenue amounted to SEK 1,422 m (1,549). Net profit amounted to SEK -181 m ( 24). Earnings per share amounted to SEK -1.86 (-0.28). Operating profit amounted to SEK -173 m (-25). Earnings after financial items totaled SEK -175 m (-29). Cash flow from operating activities amounted to SEK 45 m (27).
July – SeptemberTotal revenue amounted to SEK 422 m (477). Net profit amounted to SEK -111 m (0). Earnings per share amounted to SEK -0.90 (-0.00). Operating profit amounted to SEK -92 m (7). Earnings after financial items totaled SEK -89 m (2). Cash flow from operating activities amounted to SEK 17 m (-49). Goodwill impairment of SEK 53 m (0) and adjustment of deferred tax assets of SEK 26 m (0). On September 23, IBS announced a new strategy, focusing on key verticals and reducing staff with up to 500 employees.
Important events after end of period| Summary of January – September 2008 | 2008 | 2007 | Change % | | Total revenue, SEK m | 1 422 | 1 549 | -8% |
- New sales
- Renewal revenue
Software licenses, SEK m
| 93
190
284 | 112
196
308 | -8% | | License margin | 88% | 92% | -4 p.p. | | Professional services revenue, SEK m | 845 | 878 | -4% | | Professional services margin | 15% | 19% | -4 p.p. | | Hardware and other revenue, SEK m | 293 | 363 | -19% | | Hardware and other margin | 19% | 20% | -1 p.p. | | Operating profit, SEK m | -173 | -25 | | | Earnings after financial items, SEK m | -175 | -29 | | | Net profit, SEK m | -181 | -24 | | | Operating margin, rolling 12-month basis* | -2.6% | 2.8% | -5.4 p.p. |
* Excluding other operating income/costs as defined on page 8, “Consolidated income statement”. | 
