DGAP-News: InVision Software AG: Financial Statement for the First Three Months of 2012
(firmenpresse) - DGAP-News: InVision Software AG / Key word(s): Interim Report/Quarter
Results
InVision Software AG: Financial Statement for the First Three Months
of 2012
14.05.2012 / 10:14
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InVision Software AG: Financial Statement for the First Three Months of
2012
- Second-best Q1 results since the Company's foundation
- Revenues of EUR 3.2 million, EBIT equalled EUR -0.4 million
Ratingen (Germany), 14th May 2012 - Today, InVision Software AG (ISIN:
DE0005859698) confirmed its preliminary results for the first three months
of the current fiscal year, which were previously published on 23rd April
2012. Despite a 14 percent decrease in revenues to EUR 3.2 million (3M
2011: EUR 3.7 million), the Company reported its second-best Q1 results
since InVision was founded. The declining total revenues are almost
exclusively attributed to the decrease in services revenues by 45 percent
from EUR 1 million, generated in the first three months of 2011, to EUR 0.6
million in the first quarter of 2012. Against that, revenues from software
and subscriptions remained almost unchanged at EUR 2.6 million, compared to
the same period last year.
The reason for the decreasing services revenues is the current transition
of the business model to cloud computing, which is progressing as scheduled
and will be completed during the second half of 2012. In this
transformation process, one-off licence revenues and project services are
gradually being replaced by subscriptions to cloud computing services. As a
result, time and effort, as well as revenues from implementation services,
are reduced.
As of the end of the first quarter of 2012, earnings before interest and
taxes (EBIT) equalled EUR -0.4 million, compared to EUR +0.1 million
reported for the same period last year. As of 31st March 2012, liquid funds
increased by 55 percent to EUR 2.6 million (31st December 2011: EUR 1.7
million), specifically due to payments received from the sale of software
licences and subscriptions as well as maintenance contracts. In contrast,
the annual cost basis excluding amortisation and depreciation could be
further reduced by EUR 0.4 million to EUR 12.5 million, as of 31st March
2012. This corresponds to a decrease of 3 percent (31st December 2011: EUR
12.9 million).
The complete financial report for the first three months of 2012 is
available now for download from the Company's website at:
http://www.invisionwfm.com/uk/global_pages/investor_relations/financial_re
ports.
About InVision Software
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(at)invision.de
End of Corporate News
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Language: English
Company: InVision Software AG
Halskestraße 38
40880 Ratingen
Germany
Phone: +49 (0)2102 / 728-0
Fax: +49 (0)2102 / 728-111
E-mail: info(at)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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169621 14.05.2012
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Datum: 14.05.2012 - 10:14 Uhr
Sprache: Deutsch
News-ID 145785
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