ENP Newswire -
Release date- 18072014 - Continued very strong license sales.
License revenue for April-June increased with 26 percent to
Sales for April-June increased with 10 percent to
Operating profit EBITDA for April-June was
Earnings per share after tax for April-June were
License revenue for January-June increased with 26 percent to
Sales for January-June increased with 9 percent to
Operating profit EBITDA for January-June was
Earnings per share after tax for January-June were
Cash-flow from operating activities for January-June was
Continued very strong license growth
'The second quarter has been hectic for
It is gratifying to see that our EBITDA result has more than doubled compared to the corresponding period last year. Our margins also continued to develop positively and it is evident that the actions we took to improve results and margins have had a positive effect. A gradual change in the reporting of our revenues from our support and maintenance agreements has affected the second quarter's result negatively compared to the corresponding quarter last year. This effect means no lost revenue but only a time delay in the reporting of these revenues.
The recurring revenues for the quarter increased by 9 percent compared with the same period last year and by 18 percent for the first half-year. On a rolling 12 month basis the recurring revenues increased by 13 percent and it is important for our future development that this trend is maintained.
The success of XBOUND continued in the second quarter and it is clear that the strategic changes that were made have had a very positive impact on sales in our global markets. During the second quarter it is primarily our larger markets, in
I am pleased how we have delivered this quarter under the circumstances in which the company currently operates. We have worked hard and improved our growth, results and margins, and we will continue these efforts in the coming quarters. We have strong license growth which guarantees further revenue for our organization, our recurring revenues continue to grow and our growth areas develop positively. This shows that
President and CEO
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