Growth fueled by e-business and supply chain management
Press Release Aug 02, 1999
IBS Profits Increase 63%. Growth fueled by integrated e-Business and supply chain management.
IBS (International Business Systems), a leading supply chain software developer, publicly traded on the Stockholm Stock Exchange, today announced pre-tax profits totaling $8.7 million for the first six months, compared to $5.1 million last year. And IBS has continued their upward growth at 8% from 42% last year.
"The increase in professional services revenue has enabled us to compensate for a temporarily slower growth rate for software sales, " said Staffan Ahlberg, IBS chief executive officer. "For the full year, we maintain our previous forecast and expect a continued positive development of both revenue and profits. For the year 2000, we foresee a generally strong demand for business systems, especially regarding integrated support of e-Business and supply chain management. We feel that we are well equipped to meet this demand," said Ahlberg.
"We are pleased to continue to show substantially increased profits and margins although the market conditions have been tough. Our business concept with integrated software, services and hardware makes us less vulnerable than our competitors who are more dependent on software sales," said Ahlberg.
About International Business Systems
IBS is a leading provider of business software and consulting services for Wholesale Distributors and Manufacturers worldwide. Customers rely on IBS' suite of software applications to automate demand-driven, supply-chain processes and gain a competitive advantage through improved operational efficiencies. IBS is an IBM Global Strategic Alliance Partner. Corporate revenues exceed $300 Million, and a network of almost 2,000 employees that span over 44 countries. IBS headquarters in the Americas is located in Folsom, California.
For further information, please contact:
Dan J. Wells
Vice-President of Marketing, IBS Americas
Tel: 1 (800) 886-3900
dan.wells@ibsus.com
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