Earnings Release • May 14, 2012
Earnings Release
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Corporate | 14 May 2012 10:14
InVision Software AG: Financial Statement for the First Three Months of 2012
InVision Software AG / Key word(s): Interim Report/Quarter Results
14.05.2012 / 10:14
InVision Software AG: Financial Statement for the First Three Months of 2012
Ratingen (Germany), 14 th May 2012 – Today, InVision Software AG (ISIN: DE0005859698) confirmed its preliminary results for the first three months of the current fiscal year, which were previously published on 23 rd April 2012. Despite a 14 percent decrease in revenues to EUR 3.2 million (3M 2011: EUR 3.7 million), the Company reported its second-best Q1 results since InVision was founded. The declining total revenues are almost exclusively attributed to the decrease in services revenues by 45 percent from EUR 1 million, generated in the first three months of 2011, to EUR 0.6 million in the first quarter of 2012. Against that, revenues from software and subscriptions remained almost unchanged at EUR 2.6 million, compared to the same period last year.
The reason for the decreasing services revenues is the current transition of the business model to cloud computing, which is progressing as scheduled and will be completed during the second half of 2012. In this transformation process, one-off licence revenues and project services are gradually being replaced by subscriptions to cloud computing services. As a result, time and effort, as well as revenues from implementation services, are reduced.
As of the end of the first quarter of 2012, earnings before interest and taxes (EBIT) equalled EUR -0.4 million, compared to EUR +0.1 million reported for the same period last year. As of 31 st March 2012, liquid funds increased by 55 percent to EUR 2.6 million (31 st December 2011: EUR 1.7 million), specifically due to payments received from the sale of software licences and subscriptions as well as maintenance contracts. In contrast, the annual cost basis excluding amortisation and depreciation could be further reduced by EUR 0.4 million to EUR 12.5 million, as of 31 st March 2012. This corresponds to a decrease of 3 percent (31 st December 2011: EUR 12.9 million).
The complete financial report for the first three months of 2012 is available now for download from the Company's website at: http://www.invisionwfm.com/uk/global_pages/investor_relations/financial_reports .
About InVision Software
InVision Software is a leading international provider of cloud-based workforce management solutions which enable companies to optimise their staff planning and scheduling processes. InVision empowers customers to reduce personnel costs, increase productivity, improve employee satisfaction and to boost revenue by leveraging better customer service. Founded in 1995 and based in Ratingen (Germany), InVision currently employs about 170 WFM specialists and has offices across Europe, North America, and South Africa. InVision Software AG (IVX) is listed in the Prime Standard Segment of the Frankfurt Stock Exchange.
Further information: www.invisionwfm.com
Contact:
InVision Software AG
Investor Relations,
Jutta Handlanger
Halskestrasse 38,
40880 Ratingen (Germany),
phone: +49 (0)2102 728-444,
fax: +49 (0)2102 728-111,
email: [email protected]
End of Corporate News
14.05.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | InVision Software AG |
| Halskestraße 38 | |
| 40880 Ratingen | |
| Germany | |
| Phone: | +49 (0)2102 / 728-0 |
| Fax: | +49 (0)2102 / 728-111 |
| E-mail: | [email protected] |
| Internet: | www.invision.de |
| ISIN: | DE0005859698 |
| WKN: | 585969 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 169621 14.05.2012 |
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