DGAP-News: InVision Software AG: Transition to Cloud Computing Impacts 2011 Nine-Month Results
(firmenpresse) - DGAP-News: InVision Software AG / Key word(s): Preliminary
Results/Quarter Results
InVision Software AG: Transition to Cloud Computing Impacts 2011
Nine-Month Results
14.10.2011 / 11:54
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InVision Software AG: Transition to Cloud Computing Impacts 2011 Nine-Month
Results
- Preliminary results reveal revenues of approximately EUR 9 million, EBIT
of approximately EUR -2.1 million
- Cloud offering also available in the Netherlands as of third quarter
Ratingen (Germany), October 14th, 2011 - InVision Software AG (ISIN:
DE0005859698), one of the leading international providers of cloud-based
workforce management, reports its preliminary results for the first nine
months of 2011. InVision's business continues to be defined by the ongoing
transition of its business model from licensing to cloud computing, and the
positive effects of this strategic repositioning will be seen over the
course of 2012. Under the cloud model, InVision generates monthly payments
for the use of its solution instead of one-time revenues based on orders.
This results in significantly greater scalability of the business model.
Due to this transition, InVision is reporting preliminary revenues of
approximately EUR 9 million for the first nine months of 2011, as compared
with EUR 10.7 million for the same period of the prior year. Revenues from
software and subscriptions totalled approximately EUR 6.7 million, compared
to EUR 7.8 million in the first nine months of 2010. In services, revenues
of approximately EUR 2.3 million were generated, as compared with EUR 2.9
million generated during the same period in 2010. The Company reported
approximately EUR -2.1 million in EBIT, compared to EUR -0.2 million in
EBIT during the first nine months of the prior year.
In recent months, the Company has continued to push forward with its full
transition to cloud computing. After Italy and France most recently, cloud
products were made available in the Netherlands during the third quarter of
the year, as planned.
The complete financial report for the first nine months of 2011 will be
available for download from the Company's website at
http://www.invisionwfm.com/uk/global_pages/investor_relations/financial_re
ports beginning November 15th, 2011.
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:
InVision Software AG
Investor Relations
Jutta Handlanger, Head of Corporate Communications
Halskestraße 38
40880 Ratingen, Germany
phone: +49 (0)2102 728-444
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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