InVision Software AG: Preliminary Results for the Financial Year 2011
According to preliminary results, InVision Software AG (ISIN: DE0005859698) will close the 2011 financial year with total revenues of approximately EUR 12.4 million. This corresponds to a decrease of approximately 23 percent (total revenues 2010: EUR 16 million). Earnings before interest and taxes (EBIT) equalled approximately EUR -3.9 million, compared to EUR 1.1 million reported for 2010.
Revenues and income for 2011 are impacted by the transformation of the business model to cloud computing, which was initiated in the second quarter of 2011. With the transition to cloud computing, InVision generates monthly payments for the use of its solution instead of one-time license revenues based on orders. This temporarily leads to lower revenues, but in the medium and long term the company will achieve a significantly greater scalability of the business model.
The Executive Board of InVision Software AG is very pleased with the transformation so far, which is to be concluded in the third quarter of 2012 as planned.
The complete financial report for the financial year 2011 will be available for download on this website, in the section ‘Financial Reports‘ from 31st March 2012.