Interim Report Q1 Jan-Mar 2007

January – March 2007

- Revenue totalled 31.4 (29.0), an increase of 8% (56%)
Program revenue (licensing and maintenance) increased by 5% (61%)
- Net operating income was MSEK 4.5 (3.0) and the operating margin totalled 14.4% (10 %)
- Earnings after tax amounted to MSEK 3.7 (2.6) and income margin was 11.7% (9%)
Per-share earnings after tax were SEK 1.2 (0.9)
- Cash flow was MSEK 5.4 (8.2) and liquid assets and short-term investments totalled MSEK 35.5 (36.4)

 

CEO comments on the results
Both turnover and earnings for the first quarter are in line with our expectations and the business developed according to plan. We have noticed a growing interest from large customers through an increase in the number of tender requests. My view of the future remains bright. The market is good and Jeeves is making several offensive investments both in Sweden and in the rest of Europe.