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by Jeff Moad, MA Editorial Staff Posted on Friday, October 20, 2006 5:28:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Although IFS's license revenue climbed 22%, a shortfall in consulting revenue and delays in defense industry-related bookings dragged down third-quarter performance. |
| Keywords: | IFS, Industrial and Financial Systems, mid-market ERP, enterprise resource planning |
ERP software vendor IFS AB saw its financial recovery slow somewhat in the third quarter, as the Linkoping, Sweden, company ran up against continued problems with its consulting business and delays in defense industry-related bookings. IFS reported flat revenues and earnings for the quarter ended September 30. At SKr 485 million, revenues in the quarter were on a par with the performance reported in the comparable period last year. IFS's earnings of SKr 3 million also were identical to the figure reported in the like period a year ago. Despite the flat results, IFS enjoyed strong demand for its licensed software products during the quarter. The company's license revenue climbed 22% to SKr 76 million. Revenue from consulting, however, dropped 7% to SKr 238 million. IFS's revenue from maintenance and support grew 7% during the quarter to SKr 146 million. [Click to continue] |
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