IFS Quarterly Report January-March 2007

(24 April 2007, Linköping)

First quarter 2007

Net revenue amounted to SKr 527 million (547). Adjusted for exchange rate effects of SKr 19 million, net revenue was in line with the corresponding quarter in 2006.

License revenue amounted to SKr 72 million (89), whereas maintenance and support revenue reached SKr 158 million (152).

Consulting revenue amounted to SKr 292 million (296).

EBIT amounted to SKr 8 million (21), with earnings before tax amounting to SKr 1 million (7). Profit after tax for the period was SKr 4 million (7), with profit per share after tax amounting to SKr 0.02 (0.03).

Cash flow after investments amounted to SKr 13 million (68).

Outlook

The expectations for 2007 remain an EBIT that is significantly better than the 2006 EBIT of SKr 120 million and continued improvement in cash flow.

About IFS and IFS Applications

IFS (OMX STO: IFS), the global enterprise applications company, provides solutions which enable organizations to respond quickly to market changes—allowing resources to be used in a more agile way to achieve better business performance and competitive advantage.

IFS was founded in 1983 and now has 2,600 employees worldwide. IFS has pioneered component-based ERP software with IFS Applications, now in its seventh generation. IFS’ component architecture provides solutions that are easier to implement, run and upgrade. IFS Applications is available in 54 countries in 22 languages.

IFS has over 600,000 users across seven key vertical sectors: aerospace & defense; automotive; high-tech; industrial manufacturing; process industries; construction, contracting & service management and utilities & telecom. IFS Applications provides extended ERP functionality including customer relationship management (CRM), supply chain management (SCM), product lifecycle management (PLM), corporate performance management (CPM), enterprise asset management (EAM) and maintenance repair and overhaul (MRO) capabilities.

For additional information, contact:

Alastair Sorbie, President and CEO
Phone: +44 (0) 1494 42 89 00

Håkan Gyrulf, Chief Financial Officer
Phone: +46 8 58 78 45 00

Manni Svensson, Investor and Public Relations
Phone: +46 8 5878 45 00

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