Misys plc preliminary results for the year ended 31 May 2005
Misys plc (“Misys”), one of the world’s leading global software providers, today (21 July 2005) announces its preliminary results for the year ended 31 May 2005.
Commenting on the results, Kevin Lomax, Executive Chairman, Misys, said:
“These results are encouraging. They reflect some improvement in trading conditions across our businesses but more importantly the benefit of the actions we have been taking to reposition our businesses for organic growth.
“It has been a year of real progress, one that gives us confidence for our future performance.”
Financial results
- Turnover: £888m (2004: £900m)
- Operating profit: £41m (2004: £30m)
- Adjusted operating profit1: £102m (2004: £102m)
- Like for like operating profit2: £102m (2004: £97m)
- Share repurchases: £53m (2004: £95m)
- Net debt: £219m (2004: £183m)
- Earnings per share: Basic 2.9p (2004: 4.4p); Adjusted3 15.6p (2004: 14.8p)
- Dividend per share: Full year dividend of 6.84p per share up 5%
Business highlights
- Banking, Healthcare and General Insurance each increased revenues and profits on a like-for-like basis
- Banking: growth in order intake and order book reflects good progress in developing product offerings and some improvement in market conditions
- Healthcare: growth in order intake reflects strong uptake of clinical products and generally buoyant market conditions
- General Insurance: another good performance
- Sesame: number of RIs up over 20% to 8,150; performance in line with expectations
1 Excludes operating exceptional items and goodwill amortisation.
2 Excludes operating exceptional items, goodwill amortisation, the impact of acquisitions and disposals and is stated at constant exchange rates.
3 Excludes exceptional items, goodwill amortisation and in 2004 the exceptional tax credit in respect of prior years.
WEBCAST
A live webcast of the presentation to analysts will be available on the Company’s website at www.misys.com from 09.15 today and will be available to view on demand from approximately 14.00.
A results interview with Kevin Lomax, Executive Chairman, will be available from 07.00 on www.misys.com and on www.cantos.com.
FINANCIAL CALENDAR
Misys expects to issue its next trading update at its Annual General Meeting on 13 September 2005.
MEDIA ENQUIRIES
Susan CottamGroup Communications DirectorTel: +44 (0) 20 7368 2305
Mob: +44 (0) 7957 807 721
Email: susan.cottam@misys.co.uk
Mob: +44 (0) 7957 807 721
Email: susan.cottam@misys.co.uk
INVESTOR ENQUIRIES
Andrew FarmerHead of Investor RelationsTel: +44 (0) 20 7368 2307
Mob: +44 (0) 7909 895 094
Email: andrew.farmer@misys.co.uk
Mob: +44 (0) 7909 895 094
Email: andrew.farmer@misys.co.uk
ABOUT MISYS plcMisys plc (FTSE: MSY), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries and the UK general insurance industry, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking it is one of the top four software providers worldwide and the largest outside the US, with over 1,200 customers, including 90% of the world’s top 50 banks. In healthcare it is a top five software provider in the US market, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance it is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, it is also a leading provider of support services to over 8,000 financial advisers in the UK. Misys employs over 6,000 people internationally and has customers in over 120 countries. For more information, visit www.misys.com
