Misys plc interim results for the six months ended 30 November 2005
Misys plc (“Misys”), one of the world’s leading global software providers, today (26 January 2006) announces its interim results for the six months ended 30 November 2005.
Commenting on the results, Kevin Lomax, Chief Executive, Misys, said:
"The lead indicators in our core businesses of Banking and Healthcare continue to demonstrate encouraging progress. The significant increase in both order intake and revenue reinforce our confidence in our strategy for moving the company forward. We recognise nevertheless that we have more to do to deliver increased value to shareholders and we are taking decisive action through a realignment of our Banking business to position the company more strongly in its chosen markets and accelerate its growth opportunities.”
Financial results
• Turnover: £481m (2004: £437m)
• Operating profit: £48m (2004: £45m)
• Adjusted operating profit¹: £45m (2004: £45m)
• Like for like operating profit²: £45m (2004: £46m)
• Net debt: £300m (2004: £242m)
• Earnings per share: Basic 5.7p (2004: 6.8p); Adjusted basic³ 6.3p (2004: 6.8p)
• Interim dividend of 2.69p, up 5%
• Operating profit: £48m (2004: £45m)
• Adjusted operating profit¹: £45m (2004: £45m)
• Like for like operating profit²: £45m (2004: £46m)
• Net debt: £300m (2004: £242m)
• Earnings per share: Basic 5.7p (2004: 6.8p); Adjusted basic³ 6.3p (2004: 6.8p)
• Interim dividend of 2.69p, up 5%
Business highlights
• Banking and Healthcare: increased order intake and revenues on a like for like basis
• Substantial investment in product development is paying off
• Banking: business units being realigned to capitalise on changing customer demands
• General Insurance: good underlying performance. Planning for likely divestment underway
• Sesame: strong revenue performance. Disposal process on schedule
• Substantial investment in product development is paying off
• Banking: business units being realigned to capitalise on changing customer demands
• General Insurance: good underlying performance. Planning for likely divestment underway
• Sesame: strong revenue performance. Disposal process on schedule
¹ Excludes exceptional items, gains and losses on embedded derivatives and amortisation of acquired intangibles.
² Excludes exceptional items, gains and losses on embedded derivatives, amortisation of acquired intangibles, the impact of acquisitions and disposals and is stated at constant exchange rates.
³ Excludes exceptional items, gains and losses on embedded derivatives, amortisation of acquired intangibles and exchange gains and losses on debt previously hedging goodwill written off to reserves.
² Excludes exceptional items, gains and losses on embedded derivatives, amortisation of acquired intangibles, the impact of acquisitions and disposals and is stated at constant exchange rates.
³ Excludes exceptional items, gains and losses on embedded derivatives, amortisation of acquired intangibles and exchange gains and losses on debt previously hedging goodwill written off to reserves.
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, Chief Executive, will be available from 07.00 on www.misys.com and on www.cantos.com .
View the full interim results PDF (105 kb)
ANALYST / INVESTOR ENQUIRIES
Andrew Farmer
Alex Dee
Tel: +44 (0) 20 7368 2307
Mob: +44 (0) 7909 895 094
Email: andrew.farmer@misys.co.uk
Tel: +44 (0) 20 7368 2336
Mob: +44 (0) 7989 017 979
Email: alex.dee@misys.co.uk
Alex Dee
Tel: +44 (0) 20 7368 2307
Mob: +44 (0) 7909 895 094
Email: andrew.farmer@misys.co.uk
Tel: +44 (0) 20 7368 2336
Mob: +44 (0) 7989 017 979
Email: alex.dee@misys.co.uk
MEDIA ENQUIRIES
Susan Cottam
Josh Rosenstock
Josh Rosenstock
Tel: +44 (0) 20 7368 2305
Mob: +44 (0) 7957 807 721
Email: susan.cottam@misys.co.uk
Tel: +44 (0) 20 7368 2327
Mob: +44 (0) 7921 910 914
Email: josh.rosenstock@misys.co.uk
Mob: +44 (0) 7957 807 721
Email: susan.cottam@misys.co.uk
Tel: +44 (0) 20 7368 2327
Mob: +44 (0) 7921 910 914
Email: josh.rosenstock@misys.co.uk
ABOUT MISYS plc
Misys 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 five 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 around 7,800 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
