Misys Full Year 2001/02 Financial Results
Operational Highlights
- Banking – strong performance in sales of MIDAS software
- Healthcare – accelerating demand for Misys Electronic Medical Record
- Financial Services – industry funding secured for AssureWeb portal
- DBS and Sunquest integrated on plan, with profits ahead of budget
- Successful rebranding across Group
Financial Highlights
- Turnover* up 22% to £1,036m including the benefit of acquisitions
- Adjusted pre-tax profits** of £112m (2001: £136m)
- Net debt down by £99m since November to £159m
- Recommended final dividend of 3.09p, up by 15%
- Adjusted EPS** of 16.4p (2001: 18.8p)
* on continuing operations
** adjusted to exclude exceptional items, goodwill amortisation and the investment in B2C Internet Services.
** adjusted to exclude exceptional items, goodwill amortisation and the investment in B2C Internet Services.
Commenting on the results, Kevin Lomax, Misys Chairman said:
“The strength and diversity of the group's three main businesses mitigated, to a large extent, the adverse effects over the last financial year of the worst economic conditions that the Group has faced for over a decade.”
Commenting on the outlook, Kevin Lomax added: “This year the Group should make good progress towards achieving its continuing objective of sustainable mid-teens growth."
CONFERENCE CALL DETAILS
A conference call will be held today, for those not attending the London analyst presentation, at 16.00 BST (11.00 EST).
A conference call will be held today, for those not attending the London analyst presentation, at 16.00 BST (11.00 EST).
Dial-in (UK) : 020 8896 4312 or dial-in (US) : 1-888 482 0024
Access code : 461710
Access code : 461710
A recording of the conference call will be available for up to 7 days by dialling (44) (0)1296 618704 with access code: 664824
A video and audio webcast, and relevant presentational materials from the analyst presentation, will be available from approximately 13.00 BST today on the Misys website at www.misys.com
Click here to download the full release of the Preliminary Results (246kB).
Click here if you have difficulty opening any of the documents.
FINANCIAL CALENDAR
Misys expects to issue its next trading update at its Annual General Meeting on 1 October 2002.
Misys expects to issue its next trading update at its Annual General Meeting on 1 October 2002.
For further information, please contact:
Kevin Lomax Chairman Tel: 020 7368 2300
Howard Evans Finance Director Tel: 020 7368 2300
Paul Charles Misys Corporate Communications Tel: 020 7368 2315 / 07769 880991 (m)
Howard Evans Finance Director Tel: 020 7368 2300
Paul Charles Misys Corporate Communications Tel: 020 7368 2315 / 07769 880991 (m)
About Misys plc
Misys plc develops and licenses a variety of software products to customers in the international banking and securities, healthcare, and UK retail financial services sectors. The Group also carries out transaction and claims processing for US physicians and UK Independent Financial Advisers. Misys partners with its customers to deliver outstanding IT solutions to essential industries. Misys employs over 6,500 people internationally.
Misys plc develops and licenses a variety of software products to customers in the international banking and securities, healthcare, and UK retail financial services sectors. The Group also carries out transaction and claims processing for US physicians and UK Independent Financial Advisers. Misys partners with its customers to deliver outstanding IT solutions to essential industries. Misys employs over 6,500 people internationally.
