CIMdata PLM Industry Summary Online Archive
24 April 2007
Financial News
Telelogic Interim Report, January - March 2007
• Revenue grew with 25% in local currency during the first quarter to SEK 388.9 million.
• Sales of licenses and maintenance rose 33% in local currency. Sales of services remained at the same level as during the first quarter last year.
• Pre-tax profit increased 36% to SEK 47.7 million for the quarter.
• Earnings per share increased 25% for the first quarter and amounted to SEK 0.15/share.
• Cash flow from current operations was SEK 108.5 million during the quarter.
• Forecast adjusted upward for the full year 2007.
CEO's comments on the quarter:
"The favorable trend that began in autumn 2006 continued during the first quarter of 2007. Telelogic posted double-digit increases in both revenue and earnings. Cash flow has also continued to be strong.
We see positive trends in all regions, though individual countries may still show weak growth. The market situation in general feels stable with good demand.
On the product side, the Requirements Management category recovered, which is clearly positive. This is partly related to the specialization of the organization which began in 2006, which has resulted in adding new customers, both on the civilian side of the industry and at the same time in other industries.
Based on our strong first quarter we have chosen to adjust our revenue growth forecast upward to 7-12 percent as well as our forecast for earnings per share which is adjusted upward to 15-20 percent compared with last year."
Anders Lidbeck, CEO and President for Telelogic
Key numbers January - March 2007
• Revenue: 388.9 SEK million (327.1 SEK million)
• Pre-tax profit: 47.7 SEK million (35.0 SEK million)
• Income after tax: 36.1 SEK million (28.4 SEK million)
• Earnings per share: 0.15 SEK (0.12 SEK)
• Cash flow, current operations: 108.5 SEK million (104.9 SEK million)
Key numbers for corresponding period from previous year in parenthesis.
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