In addition, the company can for its first time show growth in revenues and profit in Q2 compared to Q1 the same year. License revenues for the quarter are the highest in the history of the company.
For Q2/05 revenues ended at MNOK 66,1 compared to MNOK 55,3 in Q2/04. EBIT was MNOK 14,4, up from MNOK 11,3 in Q2/04. This equals a revenue growth of 19,5% and an EBIT improvement of 27,9% compared to the same period last year. Pre-tax profit was MNOK 17,8 (11,7). For 1H/05, revenues ended at MNOK 128,9 compared to MNOK 111,5 in 1H/04. EBIT was MNOK 27,5, up from MNOK 23,3 in 1H/04. This equals a revenue growth of 15,6% and EBIT improvement of 18,0% compared to the 1H/04. Pre-tax profit was MNOK 31,4 (23,8)
The company’s key business areas – being revenues from licenses and maintenance – continue to show growth.
Agreements
The company is still experiencing increasing interest from larger companies and during the period the company has entered into agreements with the following companies:
Bosch Rexroth Ltd. (UK).
Tine BA (Norway).
Pareto Securities ASA (Norway).
First Securities ASA (Norgay).
KG EOS Holding GmbH & Co (Germany).
Future expectations
As mentioned earlier, the company will introduce 2 new products – SuperOffice Audience in Q2/05 and SuperOffice SIX in Q4/05.
The company believes the CRM market will show a positive development in 2005. In the time to come the company will remain focused on increasing license revenues as well as on establishing new system integrator partnerships in all markets.
SuperOffice ASA has for 10 consecutive quarters shown a positive development in both revenues and profits. The company’s goal is simply to continue this positive development.