wärend SAP an der Durchschnittslinie knabbert ist bei EXACT noch alles im Grünen Bereich!
Viel wird von den zu erwartenden Zahlen abhängen! Meiner ansicht nach wird Exact im Gegenteil zu SAP weiter wachsen können!
Zahlen gibts im Februar!
Die Halbjahreszahlen 2003:
(Euronext Amsterdam) - Exact Software reports financial results for first half of 2003
(31/07/03 08:15 CET)
Strong operating performance despite weak economic conditions and negative currency effects
Exact Holding N.V., (EURONEXT: EXACT) today announced the interim results for the first six months up to and including June 2003.
Highlights
* Revenue of Eur 102.8 million (same period in 2002: Eur 103.5 million)
* At constant currency rates, revenue of Eur 110.7 million
* Strong operating margin of 24.5% despite weak economic conditions (same period in 2002: 21.2%.)
* Net income before amortization of goodwill amounted to Eur 18.4 million (same period in 2002: Eur 17.1 million). Net income after amortization of goodwill amounted to Eur 14.4 million (same period in 2002: Eur 13.8 million)
* Earnings per share before amortization of goodwill of Eur 0.79 (same period in 2002: Eur 0.73); earnings per share after amortization of goodwill amounted to Eur 0.61 (same period in 2002: Eur 0.59)
* Continued successful marketing of e-Synergy in the US, where e-Synergy's Supplier Portal received the 'Best Enterprise Software Solution' award from CeBIT America, PC Magazine and eWeek
* Continued increase in e-Synergy users with 5,500 to 25,500 globally
Financial results
In the first half of 2003 Exact realized a revenue of Eur 102.8 million (Eur 103.5 for the same period in 2002). At constant currency rates Exact would have realized a revenue of Eur 110.7 million, a 7% increase compared to the same period in 2002. This increase is due to the fact that Kewill ERP was consolidated for the full six months in 2003. The operating result amounted to Eur 25.2 million (Eur 22.0 million for same period in 2002). Despite weak economic conditions Exact was able to improve its strong operating margin for the first six months of 2003 (24.5% versus 21.2% for the same period in 2002). The company's liquid assets amounted to Eur 85.9 million at 30 June 2003. The shares held in Softline are classified as financial fixed assets and are valued at the historical purchase price of Eur 9.4 million.
Revenue
Software revenue amounted to Eur 27.6 million compared to Eur 32.7 million for the same period in 2002. At constant currency rates the software revenue would have been Eur 30.1 million, down 8%. A weaker demand for business software throughout the global industry was compensated by an increase in add-on revenue from customers after migrating to Exact Globe 2000 and revenue from new e-Synergy users.
Recurring revenue derived from service and upgrade contracts increased by 9% to Eur 60.1 million, representing 58% of total revenue. At constant currency rates the recurring revenue from maintenance would have been Eur 64.1 million, an increase of 16%. This increase is particularly due to the increase in the average contract value, sales of add-ons to existing and new customers, and the consolidation of Kewill ERP for the full six months.
Revenue from implementations amounted to Eur 15.0 million compared to Eur 15.5 million for the same period in 2002. At constant currency rates revenue from implementations would have been Eur 16.4 million. The softer demand for business software resulted in less demand for new implementations. However, more and more service revenue is being generated from customers migrating to Exact Globe 2000 and e-Synergy implementations.
Operating margin and net income
The company’s operating margin for the first half of 2003 was 24.5% (Eur 25.2 million) compared to 21.2% (Eur 22.0 million) for the same period in 2002. This strong operating margin is due to cost control, the relocation of job groups to Malaysia and a reduction in the spending on sales and marketing. The effectiveness of sales and marketing was increased by the creation of business units focusing on the installed base and by the successful international strategy focusing on providing multinational customers a global solution.
Net income before amortization of goodwill for the first half of 2003 amounted to Eur 18.4 million (same period in 2002: Eur 17.1 million). Net income after amortization of goodwill amounted to Eur 14.3 million (same period in 2002: Eur 13.8 million).
....weiter gehts hier:
www.euronext.com/trader/companynews/...mpanypressreleasedetail
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