DICOM Group plc Results Nine Months to 31 March 2007.DICOM (medical, standard) DICOM - (From Digital Imaging and COmmunications in Medicine) A standard developed by ACR-NEMA (American College of Radiology - National Electrical Manufacturer's Association) for communications between medical imaging devices. Group unveils new product brand architecture and launch of new products; positive outlook BASINGSTOKE, England -- DICOM Group plc ("DICOM Group"), a global leader of Intelligent Capture & Exchange solutions today announces financial results for the nine months to 31 March 2007. DICOM Group continues to demonstrate solid progress in pursuit of its strategic goals. Financial Highlights (prepared under IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System ) * Revenue up 2% to GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 119.0m (2006: GBP 116.3m), up 6% in local currency terms * License and Service revenue up 7% in local currency terms * Gross profit margins increased to 54.8% (54.0%) * Adjusted* operating profits up 4% to GBP 10.5m (2006: GBP 10.1m), increase of 9% in local currency terms * Adjusted operating profit margins of 8.8% (8.7%) * Pre-tax profits up 38% to GBP 8.9m (2006: GBP 6.4m) * Adjusted pre-tax profits up 9% to GBP 11.3m (2006: GBP 10.4m) * Adjusted earnings per share reported at 8.9p, up 7% (2006: 8.3p) * Strong operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. of GBP 11.7m, net funds of GBP 34.5m (GBP 29.7m at 30 June 2006) * Further details with regards to the calculation of adjusted earnings and adjusted profits are set out in note 2 to the financial results. Operating Highlights * Launch of simplified and integrated product brand architecture * Strengthening of Kofax Intelligent Capture & Exchange with introduction of Kofax Document Exchange Server * Launch of Kofax Ascent[R] Fax, a new software product to automate receipt of fax documents and move them directly into business processes * Kofax INDICIUS and Kofax Document Scan Server win awards at AIIM (Association for Information and Image Management International, Silver Spring, MD, www.aiim.org) A membership organization founded in 1943 devoted to creating industry standards and disseminating information about the document management industry. Conference & Expo 2007 * New customer wins during the quarter include Eagle Global Logistics, Arizona Healthcare Cost Containment, State of Utah, CIMB CIMB Commerce International Merchant Bankers Berhad CIMB Current Issues in Molecular Biology (periodical) CIMB Corporate Information Management Branch (British Columbia, Canada) Bank, Generali France, Severn Trent Water, Het Kadaster, Orlikon IT Solutions GmbH, The Prescription Pricing Division The Prescription Pricing Division (PPD) is the largest organisational component of the NHS Business Services Authority (NHS BSA), an Arms-Length body within the National Health Service in England. of the National Health Service Business Services Authority and Bundesamt fur Strassen (ASTRA ASTRA Ancient Instruments Sound/Timbre Reconstruction Application ASTRA Australian Strategic Air Traffic Management Group ASTRA Arab Supply and Trading Corporation ASTRA Automatic System for Transport Analysis ASTRA Automatic Satellite Tracking Research Antenna ) Commenting, Rob Klatell, Chief Executive Officer of DICOM Group said: "The third quarter financial performance was below our expectations mainly due to softness in the sub-prime mortgage lending market in the Americas and to slower then expected sales in certain countries in Asia Pacific. However, a strong pipeline for the fourth quarter and the momentum we enjoy in EMEA give us confidence that we will achieve our goal of increased profitability for the year as a whole." A recording of the presentation given to analysts will be available on the Company's website (www.dicomgroup.com) from 2.00pm today. |
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