DGAP-News: InVision Software AG releases final figures for 2010
(firmenpresse) - DGAP-News: InVision Software AG / Key word(s): Final Results/Strategic
Company Decision
InVision Software AG releases final figures for 2010
28.03.2011 / 16:02
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PRESS RELEASE
InVision Software AG releases final figures for 2010
- Preliminary revenue and earnings figures completely met
- EBIT climbs to EUR 1.1 million, revenues are up 34% to EUR 16.0 million
- Transition to cloud computing unleashes additional earnings potential
Ratingen (Germany), March 28th, 2011 - With the release of its annual
report, InVision Software AG (ISIN: DE0005859698), one of the leading
international providers of company-wide workforce management (WFM)
solutions, has confirmed the preliminary figures that had been projected
for fiscal year 2010. Revenues increased by 34 percent from EUR 12.0
million in 2009 to EUR 16.0 million in 2010. EBIT improved from EUR -7.0
million in 2009 to EUR 1.1 million in 2010. The consolidated result also
turned positive, rising from EUR -4.5 million in 2009 to EUR +1.0 million
in 2010. Earnings per share came in at EUR 0.45.
InVision Software reported very dynamic business growth both in Germany and
abroad in all business sectors in 2010. This favourable development is
continuing. It is from this position of strength that InVision Software is
transitioning its core business model to cloud computing. With this
transition, the Company takes an excellent position for further market
penetration and exploitation of higher earnings potential. In future,
customers will be able to use InVision's products as Software as a Service
(SaaS), without initial investment in expensive hardware or software. By
simply going online, they can access all functionalities, just paying a
user fee - without any investment costs. Furthermore, the implementation
period of InVision's SaaS solution can be significantly reduced, compared
to conventional WFM projects.
The initial response from customers was very positive, indicating that
InVision Software is particularly meeting customers' needs by transitioning
its business model. After having grown faster than the market in 2010,
cloud computing now opens up additional customer potential especially in
the segment of small and medium-sized businesses. Here, InVision's
international market coverage with its subsidiaries in Europe, America and
Africa provides a real competitive advantage. Accordingly, InVision
Software AG is again projecting revenue growth and positive results for the
2011/2012 period.
The complete 2010 Annual Report is available now for download from the
Company's website under www.invisionwfm.com/financial_reports.
About InVision Software AG:
InVision Software is a world-leading supplier of enterprise-wide 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. Among InVision's clients are numerous
international blue chip companies, such as ABN Amro, Allianz, BMW, Deutsche
Telekom, IKEA, Sky and Vodafone.
Further information: www.invisionwfm.com
Contact:
Jutta Handlanger
Head of Corporate Communications
InVision Software AG
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
Deutschland
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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117262 28.03.2011
Datum: 28.03.2011 - 16:02 Uhr
Sprache: Deutsch
News-ID 33606
Anzahl Zeichen: 0
contact information:
Kategorie:
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