At its meeting on April 29, the Supervisory Board of update software
AG, one of Europe´s foremost providers of
premium CRM solutions with headquarters in Vienna, announced the
confirmed business figures for fiscal 2007. According to these figures
update saw its net income for the year surge by 45.2 percent to EUR
4.716 million. This is equivalent to earnings per share of EUR 0.42
(diluted). Compared with the year 2006, when earnings per share were
EUR 0.31, this means a rise in earnings per share of 35.5 percent.
Already announced in January, the company´s
record-breaking revenues of EUR 32.538 million for 2007 "“ reflecting a rise by 39.3 percent against 2006 "“ have now been confirmed, as has operating income (EBIT) for 2007 of EUR
3.705 million. Given the consistently positive trend in profits, the
Management Board of update software AG will for the first time propose a
dividend of EUR 0.10 per share at the company´s
11th ordinary general meeting on June 11, 2008.
"In view of the consistently good annual
results over the last five years, we are pleased to be able in future to
offer shareholders of update software AG a sustainable dividend policy
without swerving from our aggressive growth strategy or plans for
further acquisitions," said update CFO Monika
Fiala of the dividend decision. CRM specialist update continued in an
impressive manner its steep upwards trend also in the first quarter of
2008. Compared with the corresponding period one year before, update
succeeded in increasing revenues in Q1/2008 by 40.2 percent to EUR 8.439
million, thereby posting the highest first-quarter revenues ever in the
history of update software AG. Up by 25.5 percent versus Q1/2007, update´s
licensing operations again accounted for a significant share of the
excellent revenues in Q1/2008 "“ although the
first quarter is traditionally the weakest quarter for the software
sector. For any software producer, licensing operations are particularly
important as an indication of the company´s
fundamental health and agility.
About update software AG
Founded in Vienna in 1988, update software AG (www.update.com)
is Europe´s leading provider of premium CRM
solutions, with close to 300 employees and revenues of EUR 32.5 million
in 2007. update software AG is listed on the Frankfurt Stock Exchange.
Today, update products are used by more than 150,000 users at over 1,300
companies. References include, among others, 3M, American Express Bank
und Finanzmanagement, the Advertisements Department of the BILD
newspaper group, AstraZeneca, BAWAG P.S.K., Canon, DuPont, ESTAG, Kärcher
LBS Nord, MagnaSteyr, Pernod Ricard, ratiopharm, Saint-Gobain Isover
Sony Deutschland, UnicreditBank Hungary as well as Sparkasse Bremen and
200 other German savings banks. update software AG cooperates with
companies such as Atos Origin, Hewlett Packard, Sensix and Steria
Mummert Consulting.
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