InVision AG

Earnings Release • Oct 14, 2011

News Details

Corporate | 14 October 2011 11:54

InVision Software AG: Transition to Cloud Computing Impacts 2011 Nine-Month Results

InVision Software AG / Key word(s): Preliminary Results/Quarter Results

14.10.2011 / 11:54

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InVision Software AG: Transition to Cloud Computing Impacts 2011 Nine-Month Results

– Preliminary results reveal revenues of approximately EUR 9 million, EBIT of approximately EUR -2.1 million

– Cloud offering also available in the Netherlands as of third quarter

Ratingen (Germany), October 14 th , 2011 – InVision Software AG (ISIN: DE0005859698), one of the leading international providers of cloud-based workforce management, reports its preliminary results for the first nine months of 2011. InVision's business continues to be defined by the ongoing transition of its business model from licensing to cloud computing, and the positive effects of this strategic repositioning will be seen over the course of 2012. Under the cloud model, InVision generates monthly payments for the use of its solution instead of one-time revenues based on orders. This results in significantly greater scalability of the business model. Due to this transition, InVision is reporting preliminary revenues of approximately EUR 9 million for the first nine months of 2011, as compared with EUR 10.7 million for the same period of the prior year. Revenues from software and subscriptions totalled approximately EUR 6.7 million, compared to EUR 7.8 million in the first nine months of 2010. In services, revenues of approximately EUR 2.3 million were generated, as compared with EUR 2.9 million generated during the same period in 2010. The Company reported approximately EUR -2.1 million in EBIT, compared to EUR -0.2 million in EBIT during the first nine months of the prior year.

In recent months, the Company has continued to push forward with its full transition to cloud computing. After Italy and France most recently, cloud products were made available in the Netherlands during the third quarter of the year, as planned.

The complete financial report for the first nine months of 2011 will be available for download from the Company's website at http://www.invisionwfm.com/uk/global_pages/investor_relations/financial_reports beginning November 15 th , 2011.

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 more than 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, Head of Corporate Communications

Halskestraße 38

40880 Ratingen, Germany

phone: +49 (0)2102 728-444

eMail: ir@invision.de

End of Corporate News

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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:	info@invision.de
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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