Awesome RNS :-)23 Apr 2009 08:09
http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2141365&source=RNS
First Quarter 2009 Highlights
Announced and completed acquisition of Interwoven, Inc.
Integration ahead of plan and synergies expected to be ahead of plan
Record revenues, up 23% from Q1 2008 including strong organic growth and Interwoven stub period
24th consecutive quarter of year-on-year growth
Profit before tax (IFRS) up 112% from Q1 2008 to $50.0 million
Net profit (IFRS) up 110% from Q1 2008 to $34.5 million
Operational gearing sees operating margins (adjusted) at 45%, from 30% in Q1 2008
Average selling price for meaning-based computing at $385,000 (Q1 2008: $380,000)
12 OEM deals signed including new deals and extensions with Symantec, Proof Point and Verdasys
Cash balance considerably higher than expected at $132.3 million due to very strong pre-close collection
Gross margins (adjusted) at 90%, up from 89% in Q1 2008
Fully-diluted EPS (adjusted) up 71% from Q1 2008
Blue chip first quarter wins include Telecom Italia, Play.com, NetApp, Society of Petroleum Engineers, Toyota, Barclaycard, MetLife, Oxford Press, Lockheed Martin, Genentech, Telmex, T-Mobile, Sky, Bank of America, Bank of Thailand, Deutsche Bank, CMS Cameron McKenna, Singapore Airlines, Lloyds TSB, JPMC and Nikon.
DSOs stable at 88 days for Q1 2009
Deferred revenue up 65%
Cash flow from operations more than doubles, up 104% year-on-year ($51.1 million in Q1