DGAP-News: InVision Software AG Confirms Results For The First Half Of 2011

DGAP-News: InVision Software AG Confirms Results For The First Half Of 2011

ID: 46195

(firmenpresse) - DGAP-News: InVision Software AG / Key word(s): Half Year
Results/Interim Report
InVision Software AG Confirms Results For The First Half Of 2011

15.08.2011 / 11:12

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InVision Software AG Confirms Results For The First Half Of 2011
- Revenues increased slightly to EUR 6.7 million
- Regional expansion of the new cloud solution

Ratingen (Germany), August 15th, 2011 - InVision Software AG (ISIN:
DE0005859698), one of the leading international providers of cloud-based
workforce management, confirms its preliminary results for the first half
of 2011. In spite of the ongoing transition of the business model to cloud
computing, the final figures show that revenues increased slightly in the
first half of 2011 at EUR 6.7 million by 2 percent compared to the prior
year period (H1 2010: EUR 6.6 million). At EUR -0.8 million, EBIT matched
the level of the prior year period. The overall result amounted to EUR -1.3
million compared to EUR -0.5 million in the first half of 2010. Liquid
assets declined by 33 percent to EUR 3.8 million (31 December 2010: EUR 5.7
million) mainly due to the takeover of The Call Center School in the US as
well as the share buy-back programme carried out in the first half of the
year.

Revenues from services rose by 9 percent from EUR 1.8 million in the first
half of 2010 to EUR 2.0 million in the first half of 2011. Software and
subscription revenues in the first six months of 2011 remained at the prior
year level of EUR 4.7 million. Business in German-speaking countries
developed particularly dynamically; compared to the first half of 2010,
revenues in these regions increased by 37 percent to EUR 3.7 million (H1
2010: EUR 2.7 million). In contrast, revenues in other regions declined by
23 percent to EUR 2.9 million (H1 2010: EUR 3.8 million).





Since the future global macroeconomic development is not foreseeable, it is
not possible to issue a forecast for the ongoing fiscal year that has any
high probability of occurrence.

InVision's new cloud solution for workforce management continues to meet
with high interest on the market. Therefore, in recent months the
transition of the entire business model to cloud computing was further
accelerated and the regional expansion was expedited. Following Italy and
France on July 1st, 2011, the availability of cloud products will be
expanded to the Netherlands in the third quarter. The company is still
expecting up to 100,000 cloud users by year end.

The complete financial report for the first six months of 2011 is now
available 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
more than 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:
InVisionSoftware AG
Investor Relations,
Jutta Handlanger
Halskestrasse 38,
40880 Ratingen (Germany),
phone: +49 (0)2102 728-444,
email: ir(at)invision.de


End of Corporate News

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15.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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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135678 15.08.2011


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Bereitgestellt von Benutzer: EquityStory
Datum: 15.08.2011 - 11:12 Uhr
Sprache: Deutsch
News-ID 46195
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