IXOS raises EBIT forecast for current fiscal year - record results in Q2
30.01.2002, 17:18
Munich/Grasbrunn, Germany 30. ledna (ots/PROTEXT) - IXOS
SOFTWARE AG (NASDAQ: "XOSY", NEUER MARKT: "XOS"), a worldwide
leading provider of eBusiness document management solutions,
reported Group sales of EURO 33 million (previous year: EURO33.6
million), a record profit of EURO4.5 million (previous year:
EURO 0.1 million) and earnings per share of EURO 0.23 (EURO
0.01) for Q2 (Dec. 31, 2001). The Company is also increasing its
operating profit (EBIT) growth target for the current fiscal year
2001/2002 to 20%. The previous forecast was 5%. With revenues
for the quarter of EURO 33.0 million, the result is in line with
the high revenue level of last year, when IXOS achieved the
highest quarterly result in the company's history (EURO 33.6
million). License revenue fell from EURO 18.7 million to EURO
15.4 million, while maintenance revenue rose by 24% to EURO8.0
million. In the Services business area IXOS profited from a 13%
increase in demand and increased revenues to a total of EURO9.6
million. CEO Robert Hoog said, "Our products are well-positioned
in the market, with 1750 installations and about 1.3 million
users worldwide. As a result, our maintenance and service
revenues are experiencing double-digit growth. With the IXOS-eCON
Solution Suite, and especially our new mySAP and groupware
offerings, we also expect increased demand for new licenses in
the second half of the fiscal year." IXOS' consolidated earnings
before interest and tax (EBIT) rose in Q2 from EURO 3.9 million
in the previous year to EURO 4.0 million. At EURO4.6 million,
earnings before taxes (EBT), were more than four times higher
than the previous year's total of EURO 1.0 million. IXOS
benefited from the fact that there was no repeat of investment
losses of -EURO 1.0 million related to mem IQ AG, since the
Group has sold its interest in this venture in Q3 last year. IXOS
also benefited from the improvement of the foreign currency
result from -EURO1.9 million to EURO 0.4 million. Chief
Financial Officer Peter Rau said, "This improvement in IXOS'
results once again demonstrates our earnings power in a
difficult economic environment. IXOS has succeeded in creating
an excellent basis for earnings growth thanks to a sustained
improvement in productivity." Optimistic about H2 In the first
half of fiscal 2001/2002, the IXOS Group generated sales of EURO
54.9 million (previous year: EURO 57.6 million) and an operating
result (EBIT) of EURO 1.7 million (previous year EURO 1.6
million). After making a loss of EURO1.1 million in the previous
year, IXOS produced a result of EURO 2.1 million before taxes.
Interim profits were up from -EURO2.0 million to EURO 1.9
million. This corresponds to an EPS of EURO 0.09 (-EURO 0.10).
IXOS' Executive Board continues to be optimistic about the second
half. IXOS has increased its earnings growth forecast (EBIT)
from 5 to 20%. One key reason for this is the increase in demand
for licenses. The Group is also expecting higher maintenance and
service revenues. In addition, increased productivity is playing
a significant role in the improving results. The after-tax result
will rise disproportionately due to the utilization of loss
carryforwards. About IXOS IXOS is a leading global provider of
solutions for the management of eBusiness documents in inter-
enterprise system environments. IXOS solutions drive the
administration of all eBusiness documents and their seamless
integration into digital business processes. Leading companies
from a wide range of industries have selected IXOS SOFTWARE AG
to be their strategic partner. IXOS has successfully implemented
around 1,750 installations worldwide. More than one million
users now work with the company's eBusiness document solutions.
IXOS rounds off its product portfolio with a comprehensive range
of services, including worldwide 24x7 customer support and a
global team of highly qualified consultants. IXOS SOFTWARE AG's
shares are traded on the Neuer Markt of the Frankfurt Stock
Exchange under the symbol "XOS" (WKN 506150). In the USA,
American Depositary Shares (ADSs) are listed on the NASDAQ
National Market under the symbol "XOSY". ots Original Text
Service: IXOS SOFTWARE AG Internet: http://www.presseportal.de
For additional information, please contact: IXOS SOFTWARE AG
Gala Conrad, Director Investor Relations Bretonischer Ring 12 D-
85630 Grasbrunn / Munich Tel: +49-89-46 29 2400 Fax: +49 89 46 29
1598 E-mail: ir@ixos.de
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