Financial Information

IFS continues to execute well on its plans for strategic growth

Third Quarter (July–September 2017)

  • License revenue amounted to SKr 176 million (Q3 '16: SKr 176 million), an increase of 2 percent in constant currency.
  • Maintenance revenue was SKr 349 million (Q3 '16: SKr 317 million), an improvement of 12 percent in constant currency.
  • Consulting revenue amounted to SKr 401 million (Q3 '16: SKr 355 million), an increase of 15 percent in constant currency.
  • Net revenue totaled SKr 946 million (Q3 '16: SKr 860 million), an improvement of 12 percent in constant currency.

 

Year to Date (January–September 2017)

  • License revenue amounted to SKr 563 million ('16: SKr 468 million), an increase of 18 percent in constant currency.
  • Maintenance revenue was SKr 1,053 million ('16: SKr 913 million), an improvement of 14 percent in constant currency.
  • Consulting revenue amounted to SKr 1,259 million ('16: SKr 1,180 million), an increase of 5 percent in constant currency.
  • Net revenue totaled SKr 2,940 million ('16: SKr 2,594 million), an improvement of 11 percent in constant currency.

Download: 2017 Q3 Presentation

IFS continues to execute well on its plans for strategic growth

Quarter Three has been truly transformational for IFS as the business has performed three acquisitions, all of which strengthen our position in the service market. FSM, which has been an established partner for many years, builds on our local execution capability in the UK. mplsystems adds a best-in-class Customer Engagement solution to our product offering, which is a key requirement in this target market. On the same day that Gartner published its latest Magic Quadrant for Field Service Management showing a further improvement for IFS’s position in the Leaders’ quadrant, we announced the largest acquisition in our history, that of WorkWave. This is a FSM company based in the USA that addresses the SMB residential market and is a leading SaaS solution for the growing pest control industry.
The underlying business for IFS remains strong with year-to-date license growth being 18 per cent (currency adjusted), which places us in a good position as we enter the busiest quarter of our financial year. Our year-to-date managed cloud revenue grew by 95 per cent (currency adjusted). A good outlook for the full year is supported by strong year-to-date performance and a series of successful strategic acquisitions.

Alastair Sorbie President & CEO

Download: 2017 Q3 Presentation

Investor Contacts

CEO Alastair Sorbie

Phone: 44 1494 428900

Contact Alastair Sorbie

Head of IR Frédéric Guigues

Phone: 46 8 58 78 45 00

Contact Frédéric Guigues

Subscribe to our quarterly newsletter