AIT Group releases interim results

Source: AIT Group

AIT Group plc (London: AGP), a leading provider of Customer Interaction software for the international market, announces its financial results for the 6 months ended 30 September 2004.

KEY POINTS:
Financial
  • Turnover of £8.0 million, which included £2.1 million of services revenue (2003: £10.0 million, which included £4.7 million of services revenue)
  • Operating profit of £0.9 million before exceptional income of £0.8 million (2003: £0.5 million before exceptional income of £0.7 million)
  • Pre-tax profit of £1.6 million (2003: £1.0 million) after exceptional income
  • Fully diluted earnings per share of 2.87p (2003: 3.59p)
  • Adjusted fully diluted earnings per share of 1.58p (2003: 1.63p) excluding exceptional income and goodwill amortisation

    Operational
  • 10 orders now received for Portrait
  • Good progress made with AIT's latest building society customer
  • New licence signed with Mapfre, one of Spain's largest insurance companies
  • Aperio, a new product developed in partnership with Fiserv, ready in less than a year: wins first contract, ahead of significant competition, in a US bank with an asset value of $34 billion
  • Excellent progress being made in Public Services market including US launch and engagement with second UK police force
  • Increasing interest in Portrait family of products in all target markets

    Nick Randall, Chief Executive of AIT, said today: "This is clearly a year of major transition for AIT. We have been moving progressively away from the previous UK-based solutions and services business model to become a much more focused and international product-based software company. We are increasingly selling our range of products through specialist international partners in the vertical market areas we now address. Excellent progress has been made with our various new product development initiatives and we are particularly encouraged by the prospects developing in our new Public Services business."
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