Jeeves Interim Report
Friday, April 24, 2009 Infocube
Jeeves' steady growth continues
January - March 2009
- Revenue reached SEK 45.7 million (34.3), up 33% (9)
- Software revenues (license and maintenance) increased 9%
(16)
- Operating profit was SEK 4.2 million (4.8), giving an operating
margin of 9% (14)
- Profit after tax totaled SEK 4.0 million (3.2), giving a profit
margin of 9% (9)
- Earnings per share after tax were SEK 1.5 (1.1)
- Cash flow was SEK 6.4 million (10.7), and cash, cash
equivalents, and current investments totaled SEK 44.6 million
(47.0)
- The equity/assets ratio was 35% (37)
- Thomas Wernhoff proposed as new Chairman of the Board
CEO's comment on performance
I remain satisfied with Jeeves' progress. Despite the
recession, we are maintaining steady profitability and sales
growth. We are proud to have reported a profit for every single
quarter for the past seven years.
We are seeing somewhat slower growth in demand for ERP systems
because of the state of the economy. Yet underlying demand and the
need for ERP systems remains healthy, and we have a steady stream
of new prospects.
During the quarter, Jeeves made fewer sales, but there were more
major transactions than in the preceding quarter. Several
billion-dollar enterprises have chosen Jeeves' ERP systems.In
addition to Swedish sales, several new orders were secured by a few
international partners.
Activities to strengthen our position and our international
sales channels remain a high priority, because international
expansion is essential if Jeeves is to continue growing in the long
run.
Jeeves' financial strategy, to achieve healthy growth with
balanced profit while maintaining a strong balance sheet, is an
advantage in these times. Seven years of profitability show the
longterm benefits of Jeeves' business model, in which we and our
partners together construct an offer attractive to the market.
Facts about Jeeves
Jeeves Information Systems AB is a leading supplier of
enterprise resource planning (ERP) systems that provides companies
with efficient solutions for developing and supporting their
business processes through its products Jeeves Selected, Jeeves
Universal, and Garp. Jeeves' ERP systems offer broad functionality
at a total cost of ownership that is the lowest in the market*.
Customers are companies with 5 to 1,000 employees, spread among
approximately 4,000 companies in more than 40 countries. Jeeves
focuses on product development, while its partners and resellers
handle sales. Operations began in 1992, and since 1999 Jeeves has
been listed on the small companies list of NASDAQ OMX Nordic in
Stockholm (Small Cap). For more information, see
www.jeeves.se.
* Radar Group
