InVision Software AG Releases 2012 Half-Year Report and Confirms Preliminary Results
- Revenues of EUR 6.8 million
- Positive EBIT of EUR 0.2 million
- Liquid Funds Increased by 83% to EUR 3 million
InVision Software AG (ISIN: DE0005859698) has released its 2012 half-year report and confirmed the preliminary results for the first six months of the current financial year, which were previously published on 16th July 2012. With revenues of EUR 6.8 million, the Company achieved a 2 percent increase compared to the same period of the previous year (6M 2011: EUR 6.7 million). Revenues from software and subscriptions increased by 17 percent to EUR 5.5 million (6M 2011: EUR 4.7 million), whereas services revenues decreased by 34 percent to EUR 1.3 million (6M 2011: EUR 2 million).
As of the end of the first half-year of 2012, earnings before interest and taxes (EBIT) equalled EUR +0.2 million, representing an increase of EUR 1 million compared to EUR -0.8 million reported for the same period in 2011. As of 30th June 2012, liquid funds increased by 83 percent to EUR 3 million (31st December 2011: EUR 1.7 million). The annual cost basis remained on the same level of the first quarter of 2012 and is unchanged at EUR 12.5 million.
The Executive Board of InVision Software AG is very satisfied with the current progress of the business model transition to cloud computing. In this transformation process, which will be completed during the second half of 2012, one-off licence revenues and project services are gradually being replaced by subscriptions to cloud computing services. This temporarily leads to lower revenues, however the Company will achieve a significantly greater scalability of the business model in the medium and long term. The Executive Board is confident that the positive effects of this strategic re-positioning will be further evident during the remainder of the current financial year.
The complete financial report for the first six months of 2012 is available now for download on this website, in the section ‘Financial Reports’.