12 December 2017
visit www.avoka.com

Orc Software's H1 profits up

13 July 2007  |  1611 views  |  0 Source: Orc Software

The annual value of existing client contracts at the end of the period was SEK 433.7m (304.6 on June 30, 2006), which is an increase of SEK 129.1m, or 42.4%.

The quarterly increase was SEK 37.4m, or 9.4%, from SEK 396.3m on March 31, 2007.

April-June 2007
  • Operating income SEK 124.4m (110.2)
  • 12.9% year-on-year Q2 sales growth
  • Operating profit SEK 26.8m (20.2)
  • Operating margin 21.6% (18.3)
  • Profit after tax SEK 20.9m (15.1)
  • Earnings per share SEK 1.33 (0.97)

January-June 2007
  • Operating income SEK 248.7m (203.1)
  • 22.4% year-on-year H1 sales growth
  • Operating profit SEK 56.9m (23.7)
  • Operating margin 22.9% (11.7)
  • Profit after tax SEK 41.7m (18.1)
  • Earnings per share SEK 2.72 (1.18)

CEO Thomas Bill comments: "The order book has continued to grow at a fast pace. Our strong performance is due to increased demand for our derivatives, algorithmic trading and connectivity solutions - areas where we are world leaders - as well as favourable market conditions. The order growth on a twelve-month basis is the strongest yet. Our second-quarter sales were as high as in the first quarter, despite the absence of any major non-recurring income from licence sales. The profit was slightly affected by fluctuations in exchange rates. We have a good sales mix in our regions. Our sales in Asia and Australia have grown at a healthy rate, with the order book increasing by 20 per cent and sales by 28 per cent on the first quarter. This is partly due to the global investment banks' increasing presence and investments in algorithmic trading in the region. We look forward to continuing our strong performance in the second half of 2007. A strong order book value and a continuously solid demand for our products, provides a basis for exceeding the Board's target of annual sales growth and an operating margin in excess of 15 per cent."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.response.ncr.comvisit www.aciworldwide.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18690 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11600 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8167 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6881 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6266 views comments | 19 tweets | 10 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job