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by Jeff Moad, MA Editorial Staff Posted on Monday, March 03, 2008 4:38:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   | Abstract: | The ERP provider lays out a five-year plan that calls for a doubling of revenue, helped by acquisitions to be financed by operating cash and debt.
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| Keywords: | IFS growth plan, IFS five-year plan |
Enterprise application vendor IFS today unveiled an aggressive five-year growth plan that will include acquisitions and will see the company double product revenue between now and 2012, according to president and CEO Alastair Sorbie. In addition to dramatically growing product revenue, IFS expects to more than double its earnings before interest and taxes (EBIT) over the next five years, increase shareholder dividends, and use surplus capital to repurchase its public shares. In 2007, the Swedish company reported SKr 1.1 billion in product revenue from licenses, maintenance, and support. IFS predicts it will double that figure by 2012. [Click to continue]  |
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