IFS preliminary report shows steady improvement

The company also suggests stronger positions in its targeted industry verticals, which have resulted in a 12% increase in license revenue and a 72% increase in EBIT. In the fourth quarter 2007, IFS net revenue reached SKr 682 million (against SKr 616 million in 2006), with license revenue at SKr 148 million (140), maintenance and support revenue at SKr 176 million (153) and consulting revenue reaching SKr 353 million (313). Profit before tax was SKr 67 million, up 37% on last year, with profit after tax at SKr 28 million, against SKr 223 last year due to a revaluation of activated deferred tax claims. For the full year 2007, IFS is reporting net revenue of SKr 2,356 million (2,209), license revenue SKr 478 million (433) and maintenance and support SKr 659 million (600) – representing organic growth in product revenue of 12%. Consulting revenue reached SKr 1,194 million (1,140).