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by Diane Himes, MA Editorial Staff Posted on Friday, October 19, 2007 4:49:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Riding a surge in license revenue that officials expect will boost maintenance and support revenue going forward, the ERP provider stresses the benefits of its partnerships.
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| Keywords: | IFS revenue, IFS revenues |
Sweden-based ERP software provider IFS today reported growth in revenue and earnings, continuing a string of profitable quarters that dates back to 2005. For the quarter ended Sept. 30, net revenue was SKr 528 million, compared with SKr 485 million in the same period last year. License revenue was up 14%, at SKr 106 million, compared with SKr 93 million last year. Maintenance and support revenue also grew to SKr 161 million from SKr 146 in the third quarter of 2006. Consulting revenue rose to SKr 253 million, versus SKr 238 million last year. IFS also improved the bottom line, with earnings before interest and tax (EBIT) reaching SKr 20 million in the quarter, compared with SKr 13 million last year. [Click to continue] |
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