InVision Software AG Posts Record Sales and Earnings in First Quarter of 2011

  • Preliminary figures show that revenues rose about 29 percent to approx. EUR 3.7 million
  • EBIT improves by approximately EUR 1.4 million to around EUR 0.1 million
  • Huge interest in cloud-based workforce management

InVision Software AG (ISIN: DE0005859698), one of the leading international providers of company-wide workforce management (WFM) solutions, has enjoyed a very successful start in 2011 and according to the preliminary figures, has generated record sales in the first quarter of 2011. Revenues rose by approximately 29 percent from EUR 2.9 million in the first quarter of 2010 to around EUR 3.7 million in the first quarter of 2011, thereby continuing the growth trend of 2010. At the same time, EBIT improved by approximately EUR 1.4 million, increasing from EUR -1.3 million in the first quarter of last year to around EUR 0.1 million in the first quarter of this year. The results therefore meet previous company expectations.

The revenue growth in the first quarter was supported by all segments: Indeed, software and subscription revenues increased from last year by around 30 percent to approximately EUR 2.6 million, while service revenues rose by about 27 percent to approximately EUR 1.1 million. In the course of this very dynamic business growth in the first quarter, the liquid funds of InVision Software AG have also climbed since 31 December 2010 by EUR 0.7 million to approximately EUR 6.4 million as of 31 March 2011.

InVision is currently converting the core of its business model to cloud-computing and today is already offering in numerous market segments its workforce management solutions solely on the basis of a “Software as a Service” (SaaS) delivery model. Using this approach - one of the first of its kind in the world - InVision is once again underscoring its position as a technology leader. Due to the huge interest shown so far by its customers, the Company is expecting up to 100,000 users of this new SaaS platform by the end of the year.

The complete financial report for the first three months of 2011 is scheduled to be available for download on this website, in the section ‘Financial Reports’, on May 16th, 2011.