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Orc Software posts interim Q1 results

Source: Orc Software

Highlights

January-March 2006

Revenue SEK 93 (66) million
Operating income SEK 4 (8) million
Operating income SEK 14 million following adjustments for items affecting comparability and foreign exchange effects
Operating margin 3.8 (11.7) percent
Operating margin 16.1 percent following adjustments for items affecting comparability and foreign exchange effects
Income after taxes SEK 3 (6) million
Earnings per share SEK 0.20 (0.40)

Significant events

Strong sales growth in all regions.
The acquisition of Cameron Systems is going according to plan and the business was consolidated as of February 1.
Lars Johansson has taken up the position as acting Chief Executive Officer.
After the end of the period, on April 12, a declaration of intent was announced between OMX and Singapore Exchange Limited (SGX), which implies that OMX will provide the MarketOn product to SGX's members and their clients. MarketOn is based on the cooperation agreement that Orc Software and OMX entered into in the autumn of 2005.

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