InVision Software AG: Final Nine-Month Figures for 2011 Confirm Preliminary Results
- Revenues are at EUR 9.0 million, EBIT at EUR -2.1 million
- Transition to cloud-computing proceeding on schedule
InVision Software AG (ISIN: DE0005859698), one of the leading international providers of cloud-based workforce management, has confirmed the preliminary figures reported for the first nine months of 2011. Revenues are at EUR 9.0 million compared to EUR 10.7 million for the same period of the previous year. Of this amount, EUR 6.8 million is attributable to software and subscriptions, while the remaining share of revenues is attributable to services. Earnings before interest and taxes (EBIT) equalled EUR -2.1 million compared to EUR -0.2 million reported for the same period last year.
These figures have been strongly impacted by the change in the Company’s business model from licenses to cloud-computing. As a result of this transition, regular monthly payments by the customers are now replacing license revenues, which typically fall due when the job is awarded. The transition of the business model is proceeding on schedule. The positive effects of this strategic re-positioning should materialise during the course of 2012.
The complete financial report for the first nine months of 2011 is available now for download on this website, in the section ‘Financial Reports’.