InVision Software AG Confirms Record Figures for the 1st Quarter of 2011
- Final quarterly figures show revenue increase of 29 percent
- Net result improves by EUR 0.8 million, EBIT by EUR 1.4 million
- High demand for new cloud solution
InVision Software AG (ISIN: DE0005859698), one of the leading international providers of cloud-based workforce management, today confirmed the preliminary figures for the 1st quarter of 2011 which had been published in mid-April. InVision Software reported 29 percent higher quarterly revenues, climbing from EUR 2.9 million in the first quarter of last year to EUR 3.7 million in the first quarter of this year, and posted 1st quarter EBIT of EUR 0.1 million after sustaining a EUR 1.3 million loss in the 1st quarter of 2010. The company has thereby started off fiscal year 2011 by generating record figures. The Group’s consolidated net income in the 1st quarter totalled EUR -0.2 million compared to EUR -1.0 million in the 1st quarter of the previous year. Since year-end 2010, liquid funds have risen by EUR 0.7 million to EUR 6.4 million.
Software and subscription revenues increased by 30 percent to EUR 2.6 million, and also service revenues climbed 27 percent up to EUR 1.1 million. There was particularly strong business growth in the German-speaking regions as revenues there jumped 41 percent to EUR 2.1 million. Other regions reported 15 percent growth to EUR 1.6 million.
As one of the world’s technology leaders for workforce management solutions, InVision Software continues to drive industry trends by transitioning its business model to cloud computing. The strong interest shown for InVision Software’s new cloud package proves that the company has struck a chord with its customers. InVision has therefore decided to extend its offering of cloud products to Italy and France by 1 July 2011, earlier than planned. By the end of the year, up to 100,000 users should be able to access InVision’s cloud solution.
The complete financial report for the first three months of 2011 is available now for download on this website, in the section ‘Financial Reports’.