InVision AG

Earnings Release • May 16, 2011

News Details

Corporate | 16 May 2011 11:19

InVision Software AG Confirms Record Figures for the 1st Quarter of 2011

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

16.05.2011 / 11:19

InVision Software AG Confirms Record Figures for the 1st Quarter of 2011

– Final quarterly figures show revenue increase of 29 percent

– Net result improves by EUR 0.8 million, EBIT by EUR 1.4 million

– High demand for new cloud solution

Ratingen (Germany), May 16 th , 2011 – InVision Software AG (ISIN: DE0005859698), one of the leading international providers of cloud-based workforce management, today confirmed the preliminary figures for the 1 st quarter of 2011 which had been published in mid-April. InVision Software reported 29 percent higher quarterly revenues, climbing from EUR 2.9 million in the first quarter of last year to EUR 3.7 million in the first quarter of this year, and posted 1 st quarter EBIT of EUR 0.1 million after sustaining a EUR 1.3 million loss in the 1 st quarter of 2010. The company has thereby started off fiscal year 2011 by generating record figures. The Group's consolidated net income in the 1 st quarter totalled EUR -0.2 million compared to EUR -1.0 million in the 1 st quarter of the previous year. Since year-end 2010, liquid funds have risen by EUR 0.7 million to EUR 6.4 million.

Software and subscription revenues increased by 30 percent to EUR 2.6 million, and also service revenues climbed 27 percent up to EUR 1.1 million. There was particularly strong business growth in the German-speaking regions as revenues there jumped 41 percent to EUR 2.1 million. Other regions reported 15 percent growth to EUR 1.6 million.

As one of the world's technology leaders for workforce management solutions, InVision Software continues to drive industry trends by transitioning its business model to cloud computing. The strong interest shown for InVision Software's new cloud package proves that the company has struck a chord with its customers. InVision has therefore decided to extend its offering of cloud products to Italy and France by 1 July 2011, earlier than planned. By the end of the year, up to 100,000 users should be able to access InVision's cloud solution.

The complete financial report for the first three months of 2011 is now available for download from the Company's website at www.invisionwfm.com/financial_reports .

About InVision Software AG:

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: ir@invision.de

End of Corporate News

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Language:	English
Company:	InVision Software AG
	Halskestraße 38
	40880 Ratingen
	Deutschland
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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