<html> <head> <meta name="description" content="IFS Quarterly Report January-March 2007"> <meta name="title" content="Enterprise Consulting Limited News - IFS Quarterly Report January-March 2007"> <meta name="keywords" content="ecl, ifs, ifs hk, ifs 2007 Q1 Financial Report"> <meta name="distribution" content="GLOBAL"> <meta name="classification" content="Software"> <meta name="revisit-after" content="15 Days"> <title>Enterprise Consulting Limited News - IFS Quarterly Report January-March 2007</title> <meta http-equiv="Content-Type" content="text/html"; charset="utf-8"> <link rel="stylesheet" href="/style.css" type="text/css"> <link href="../CSS/styles.css" rel="stylesheet" type="text/css"> </head> <body text="#000000" bgcolor="#FFFFFF"> <font size="4"> </font> <!-- Start of StatCounter Code --> <script type="text/javascript" language="javascript"> var sc_project=589872; var sc_partition=4; var sc_security="ea940a5b"; var sc_invisible=1; </script> <script type="text/javascript" language="javascript" src="http://www.statcounter.com/counter/counter.js"></script><noscript><a href="http://www.statcounter.com/" target="_blank"><img src="http://c5.statcounter.com/counter.php?sc_project=589872&amp;java=0&amp;security=ea940a5b&amp;invisible=1" alt="free web site hit counter" border="0"></a> </noscript> <!-- End of StatCounter Code --> <table width="766" border="0" cellspacing="0" cellpadding="0"> <tr> <td height="2"></td> </tr> <tr> <td height="4" bgcolor="#13658F"></td> </tr> <tr> <td height="4"></td> </tr> </table> <table width="706" border="0"> <tr> <td width="127" height="41"><img src="../images/ifs_interim_report_0607.jpg" width="120" height="120"></td> <td width="488" height="41" class="headline">IFS Quarterly Report January-March 2007</td> </tr> </table> <p></p> <table width="673" border="0" height="31"> <tr> <td width="60"></td> <td> <p><font size="2" class="text">(24 April 2007, Linkping)</font></p> <p align="justify"><span class="subtitle">First quarter 2007</span><font size="2"></p> <p align="justify" class="text">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.</p> <p align="justify" class="text">License revenue amounted to SKr 72 million (89), whereas maintenance and support revenue reached SKr 158 million (152).</p> <p align="justify" class="text">Consulting revenue amounted to SKr 292 million (296).</p> <p align="justify" class="text">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).</p> <p align="justify" class="text">Cash flow after investments amounted to SKr 13 million (68).</p> <p align="justify"><span class="subtitle">Outlook</span><font size="2"></span></p> <p align="justify" class="text">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.</p> <p align="justify"><span class="subtitle">About IFS and IFS Applications</span><font size="2"></span></p> <p align="justify" class="text">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.</p> <p align="justify" class="text">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.</p> <p align="justify" class="text">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.</p> <p align="justify"><span class="subtitle">For additional information, contact:</span><font size="2"></span></p> <p align="justify" class="text"> Alastair Sorbie, President and CEO<br> Phone: +44 (0) 1494 42 89 00<br><br> Hkan Gyrulf, Chief Financial Officer<br> Phone: +46 8 58 78 45 00<br><br> Manni Svensson, Investor and Public Relations<br> Phone: +46 8 5878 45 00<br><br> </p> </td> </tr> </table> <table width="766" border="0" cellspacing="0" cellpadding="0"> <tr> <td height="2"></td> </tr> <tr> <td height="4" bgcolor="#13658F"></td> </tr> <tr> <td height="4"></td> </tr> </table> <table width="766" height="30" border="0" cellpadding="0" cellspacing="0"> <tr> <td width="543" align="center" valign="middle" class="text"><a href="../index.html" class="footnav">Home</a> | <a href="../news.html" class="footnav">News</a> | <a href="../profile.html" class="footnav">Profile</a> | <a href="../services.html" class="footnav">Services</a> | <a href="../solutions/index.html" class="footnav">Solutions</a> | <a href="../downloads/index.php" class="footnav">Downloads</a> | <a href="../partners/index.html" class="footnav">Partners</a> | <a href="../careers.html" class="footnav">Careers</a> | <a href="../contact_us.html" class="footnav">Contact Us</a></td> <td width="223" align="center" valign="middle" class="copyright"> &copy; 2005 Enterprise Consulting Ltd. <br> <A href="../legal.html" class="solutionlink">Legal Notices &amp; Disclaimer</A> </td> </tr> </table> </body> </html>