Misys plc interim results for the six months ended 30 November 2004
Misys plc ("Misys"), one of the world's leading global software providers, today (27 January 2005) announces its interim results for the six months ended 30 November 2004.
Commenting on the results, Kevin Lomax, Executive Chairman, Misys, said:
"Our Banking, Healthcare and General Insurance businesses have all increased revenues and profits, on a like-for-like basis, compared to the prior year. Our progress reflects the actions we have taken to reposition our businesses and products, as well as some improvement in conditions in the banking market. Reported results were adversely affected by movements in exchange rates and by the decline in Sesame's performance which we had previously indicated.
"The lead indicators across all our businesses are positive. We believe that Misys is well positioned to take advantage of market opportunities and our expectations for the full year have not changed."
Company financial results
- Turnover £437m from continuing operations (2003: £471m), down because of movements in exchange rates and a decline in Sesame's revenues
- Operating profit £17m (2003: £17m)
- Adjusted operating profit* £44m (2003: £48m)
- Operating margin maintained at 10% on a like-for-like basis**
- Earnings per share: basic 1.4p (2003: 4.1p); adjusted*** 6.8p (2003: 6.9p)
- Interim dividend raised by 5% to 2.56p per share
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 offering and some improvement in market conditions
- Healthcare: growth in order intake and order book reflects generally buoyant market conditions and strong take-up of clinical products
- General Insurance: another good performance as a result of strong growth in EDI volumes
- Sesame: improved performance over second half of last year; good uptake of new product offerings
| * | Excludes goodwill amortisation |
| ** | Excludes the impact of acquisitions and disposals and is stated at constant exchange rates |
| *** | Excludes goodwill amortisation and, in respect of the prior year, exceptional items and the exceptional tax credit |
WEBCAST
A live webcast of the analyst presentation will be available on the Company's website at www.misys.com/mys/investors/presentations/ from 09.15 GMT today and will be available to view on demand from approximately 14.00 GMT.
View the full interim results PDF (105 kb)
FINANCIAL CALENDAR
This year, Misys is intending to issue its Interim Report to shareholders by means of an advertisement in The Times newspaper on 1 February 2005. The advertisement will be a summary of the Interim Report with the full version available on the Company's website (www.misys.com). The advertisement will replace the publication and distribution of a printed Interim Report.
Misys expects to issue its next trading update, as usual, in June after the close of the full year period.
MEDIA ENQUIRIES
Susan Cottam
Group Communications Director
Misys plc
Group Communications Director
Misys plc
INVESTOR ENQUIRIES
Andrew Farmer
Head of Investor Relations
Misys plc
Head of Investor Relations
Misys plc
ABOUT MISYS
Misys plc, the global software products and solutions company, serves customers in the international banking and securities, US healthcare, and UK general insurance industries. Through a wholly owned subsidiary, Sesame, it also provides business process outsourcing services to independent financial advisers (IFAs) in the UK. Misys partners with its customers to deliver outstanding IT solutions to essential industries, and employs more than 6,100 people internationally. For more information, visit www.misys.com.
