Misys Announces Preliminary Results for the Year Ended 3... ( LONDON July 24 /- Key Highligh...)

Misys Announces Preliminary Results for the Year Ended 31 May 2008

Date:7/24/2008

LONDON, July 24 /PRNewswire-FirstCall/ --

Key Highlights

Misys plc (LSE: MSY) delivers results ahead of expectations and is now raising targets for the next phase of the turnaround. Misys generated Group revenues(1) of GBP492m up 6%, bringing Group operating profit(2) to GBP81m, 37% ahead of last year. Misys is executing on its strategy and entering into the next phase of the turnaround plan, building a platform for growth.

To view the Multimedia News Release, please click: http://www.prnewswire.com/mnr/misys/34124/

- Banking

- Revenue(1) GBP160m, up 5%

- Total order intake(5) GBP83m, up 8%

- Successful start to implementation of Misys BankFusion with

First customer contract signed

- Treasury & Capital Markets (TCM)

- Revenue(1) GBP141m, up 13%

- Total order intake(5) GBP73m, up 16%

- Launched strategic partnerships and new revenue generating

services

- Healthcare

- Revenue(1) from continuing operations GBP191m, up 2%

- Total order intake(5) GBP103m, up 2%

- Stabilised, reorganised and positioned the business for growth

- Proposed merger with Allscripts on track

- Global Services (Note: revenue and total order intake included within

above business units)

- Revenue(1) GBP83m, up 19%

- Total order intake(5) GBP83m, up 16%

- Launched upgrade solution centre in India

- Open Source Solutions

- Division launched in July 2007 to drive innovation

- Focused on two key market opportunities, connecting healthcare

communities and carbon trading

Financial Performance

- Statutory revenue: GBP492m an increase of 5% (2007: GBP469m)

- Like for like
'/>"/>

0

GOOD

Page: 1 2 3 4
Related medicine news :

1. Alta Bates Medical Group (ABMG) Teams With Illumisys, LLC to Promote Quality of Care to Patients and Increase Adoption and Use of Health Information Technologies.
2. Antitrust Waiting Period Expires on Allscripts-Misys Merger Agreement
3. Misys Wins Prestigious Gold Labels From SWIFT for Entire Trade Services Solutions Portfolio
4. Misys Facilitates Masraf Al Rayans Expansion of Islamic Banking Operations
5. Commerzbank Goes Live With Misys Risk Vision 5.4, Following a Successful, On Schedule Implementation Project
6. Mybank Goes Live With Misys Equation to Support Rapid Growth and Meet Future Regulatory Requirements
7. United Commercial Bank Extends its Use of Misys Equation and Trade Innovation Systems to Support its Expansion in Taiwan
8. Cardiome Announces Preferred Share Financing
9. Mercy Health Plans Announces New Name for Their Medicare Advantage Plans: Mercy Medicare Advantage
10. American Heart Associations Announces Call for Entries for Howard L. Lewis Achievement Award
11. The Risk Management and Patient Safety Institute Announces 2008/2009 Annual Risk Management Conference, Dates

Post Your Comments:

Misys Announces Preliminary Results for the Year Ended 3...( LONDON July 24 /- Key Highligh...),Health