-
Second quarter new license revenue grew by 64% to SEK 72 m (44). For the first half year the new license revenue was SEK 97 m (67).
-
Second quarter total license revenue grew by 33% to SEK 146 m (110). For the first half year total license revenue was SEK 236 m (194).
-
Total second quarter revenue down 7% to SEK 480 m (516), driven by professional services revenue down by 13% to SEK 251 m (287) and hardware and other revenue down 30% to SEK 83 m (119). Total revenue for the first half year was down 7% to SEK 931 m (1 000), professional services revenue down by 11% to SEK 524 m (586) and hardware and other revenue down by 22% to SEK 171 m (220).
-
Second quarter EBITDA* up to SEK 47 m (9). EBITDA* for first half year was SEK 59 m (-14).
-
Second quarter net earnings SEK 6 m (-25). First half year net earnings SEK -84 m (-71).
-
Improvements in profitability despite decrease in total revenues due to reductions in costs and headcount resulting from restructuring program.
-
Cash flow from operating activities amounted to SEK -9 m (-10) for the second quarter. Excluding restructuring effect of SEK -53 m (0), operating cash flows were SEK 44 m (-10). Cash flow from operating activates for the first six months amounted to SEK -76 m (-46).
-
Major contracts signed during the second quarter in the US and Europe contributing new license revenue of SEK 10 m and SEK 16 m respectively.
-
The last day of trading in the IBS B share on NASDAQ OMX Nordic was May 8 and the first day of trading on the NASDAQ OMX First North was May 11.
| Summary of January - June 2009 |
2009 Q2 |
2008 Q2 |
Var % |
2009 Jan-June |
2008 Jan-June |
Var % |
| Total revenue, SEK m |
480 |
516 |
-7% |
931 |
1000 |
-7% |
|
New sales |
72 |
44 |
|
97 |
67 |
|
|
Renewal revenue |
73 |
66 |
|
139 |
127 |
|
|
Software licences, SEK m |
146 |
110 |
33% |
236 |
194 |
22% |
|
Licence margin |
93% |
86% |
7 p. p. |
93% |
88% |
5 p. p. |
|
Professional services revenue, SEK m |
251 |
287 |
-13% |
524 |
586 |
-11% |
|
Professional services margin |
11% |
15% |
-4 p. p. |
12% |
15% |
-3 p. p. |
|
Hardware and other revenue, SEK m |
83 |
119 |
-30% |
171 |
220 |
-22% |
|
Hardware and other margin |
19% |
19% |
0 p. p. |
18% |
19% |
-1 p. p. |
|
Operating profit, SEK m |
-2 |
-26 |
|
-88 |
-81 |
|
|
Earnings after financial items, SEK m |
-4 |
-23 |
|
-92 |
-86 |
|
|
Net earnings, SEK m |
6 |
-25 |
|
-84 |
-71 |
|
|
EBITDA * |
47 |
9 |
|
59 |
-14 |
|
* Earnings before interest, taxes, depreciation, amortization, restructuring costs and profit/loss from sale of subsidiaries