Jeg blev investor i Columbus iforbindelse med emissionen, hvor der var en del forvirring om dels kapitalrejsningen, dels om det bud der blev præsenteret for Columbus bestyrelse i almindelighed og for Kunøe i særdeleshed. Det endte, som måske bekendt for nogen, efter lidt spilfægteri i pressen, med at Michael Gaardboe blev købt i 2,5.
Columbus leverer IT konsulent ydelser indenfor Microsoft Business Segment. Det er et af de områder som ifølge nogen vil være den første indikator på at et recovery også vil få firmaerne til at investere mere. Noget af det første gryende virksomheder er idag IT systemer til at styre deres bogholderi, fakturering og andre økonomiske ressourcer. Det markedet man kalder ERP.
Derfor kiggede jeg med interesse på regnskabet fra Microsoft og deres business segment, for at finde ud af om de kunne være en leading indikator på Columbus IT, der idag er en international konsulent forretning. Da jeg ikke har fulgt columbus IT før, så er det altså blot for at sætte det op. Jeg ved ikke om det holder.
Business segmentet i Microsoft steg 13,6% QoQ fra 4,5 mia dollar til 5,1 mia dollar. Om flere systemer så også betyder flere konsulenttimer er jo en ok antagelse, men jo naturligvis ikke en sikker indikator for et specifikt konsulent firma.
Men der er ihvertfald ikke noget der tyder på at Microsoft indenfor business (tro det hvem der kan) er ved at miste fodfæstet og derfor er konsulenterne nok heller ikke.
TIl slut et klip fra deres sidste Kvartal. Regnskab d. 11. November.
Væsentligt forbedret indtjening
Koncernchef Claus Hansen: "En fremgang i driftsindtjeningen på 23,1% er skabt på en
4,5% omsætningsfremgang. Det er på linje med den fremgang, vi planlagde for første
halvår 2010, og dermed er Columbus IT helt grundlæggende i god form. Koncernens
vesteuropæiske selskaber viser fremgang, og især England og Norge præsterer flotte
resultater. Det er også glædeligt, at der i det amerikanske selskab spores markant
fremgang både i omsætning og resultat. Det samlede resultat på DKK 5,4 mio. mod
DKK -4,4 mio. sidste år vidner om, at Columbus IT har formået at geare den globale
forretning til at fastholde fremgang i et udfordrende marked”.
Omsætningen udgjorde i 1. halvår 2010 DKK 441,8 mio. (DKK 422,8 mio. i samme periode 2009),
svarende til en stigning på 4,5%. Dette er på niveau med ledelsens forventninger.
EBITDA udgjorde i 1. halvår 2010 DKK 16,1 mio. (DKK 13,1 mio. i samme periode 2009), svarende til
en stigning på 23,1% i forhold til 1. halvår 2009. Resultatet er på niveau med ledelsens forventninger.
Omsætningen for ISV-segmentet blev på DKK 16,7 mio. i 1. halvår 2010 (DKK 17,8 mio. i samme
periode 2009). Periodens EBITDA blev på DKK 7,7 mio. (DKK 7,6 mio. i samme periode 2009).
Omsætningen i Norden blev på DKK 204,3 mio. i 1. halvår 2010 (DKK 193,2 mio. i samme periode
2009), svarende til en stigning på 5,7%. Periodens EBITDA blev på DKK 15,7 mio. (DKK 18,1 mio. i
samme periode 2009), svarende til et fald på 13,4% i forhold til 2009. Begrundelsen herfor skal især
findes i øgede løn- og personaleomkostninger.
Omsætningen i Vesteuropa blev på DKK 80,5 mio. i 1. halvår 2010 (DKK 73,0 mio. i samme periode
2009). Periodens EBITDA blev på DKK 2,1 mio. (DKK 3,7 mio. i samme periode 2009).
Omsætningen i Østeuropa blev på DKK 80,6 mio. i 1. halvår 2010 (DKK 87,3 mio. i samme periode
2009). Periodens EBITDA blev på DKK 1,2 mio. (DKK 2,7 mio. i samme periode 2009).
Omsætningen i Nord- og Sydamerika blev på DKK 57,8 mio. i 1. halvår 2010 (DKK 49,4 mio. i samme
periode 2009). Periodens EBITDA blev på DKK 5,7 mio. (DKK -3,3 mio. i samme periode 2009).
Periodens resultat i 1. halvår 2010 blev på DKK 5,4 mio., hvilket er en forbedring på DKK 9,8 mio. i
forhold til samme periode 2009.
Koncernens egenkapital var ved udgangen af 1. halvår 2010 DKK 245,5 mio. (DKK 244,0 mio. efter 1.
halvår 2009), svarende til en egenkapitalandel på 45,7% (45,9% i 2009).
De udmeldte forventninger til 2010 fastholdes og Columbus IT forventer således fortsat en omsætning
i niveauet DKK 890 mio. og et EBITDA på DKK 50-55 mio.
Columbus leverer IT konsulent ydelser indenfor Microsoft Business Segment. Det er et af de områder som ifølge nogen vil være den første indikator på at et recovery også vil få firmaerne til at investere mere. Noget af det første gryende virksomheder er idag IT systemer til at styre deres bogholderi, fakturering og andre økonomiske ressourcer. Det markedet man kalder ERP.
Derfor kiggede jeg med interesse på regnskabet fra Microsoft og deres business segment, for at finde ud af om de kunne være en leading indikator på Columbus IT, der idag er en international konsulent forretning. Da jeg ikke har fulgt columbus IT før, så er det altså blot for at sætte det op. Jeg ved ikke om det holder.
Business segmentet i Microsoft steg 13,6% QoQ fra 4,5 mia dollar til 5,1 mia dollar. Om flere systemer så også betyder flere konsulenttimer er jo en ok antagelse, men jo naturligvis ikke en sikker indikator for et specifikt konsulent firma.
Men der er ihvertfald ikke noget der tyder på at Microsoft indenfor business (tro det hvem der kan) er ved at miste fodfæstet og derfor er konsulenterne nok heller ikke.
TIl slut et klip fra deres sidste Kvartal. Regnskab d. 11. November.
Væsentligt forbedret indtjening
Koncernchef Claus Hansen: "En fremgang i driftsindtjeningen på 23,1% er skabt på en
4,5% omsætningsfremgang. Det er på linje med den fremgang, vi planlagde for første
halvår 2010, og dermed er Columbus IT helt grundlæggende i god form. Koncernens
vesteuropæiske selskaber viser fremgang, og især England og Norge præsterer flotte
resultater. Det er også glædeligt, at der i det amerikanske selskab spores markant
fremgang både i omsætning og resultat. Det samlede resultat på DKK 5,4 mio. mod
DKK -4,4 mio. sidste år vidner om, at Columbus IT har formået at geare den globale
forretning til at fastholde fremgang i et udfordrende marked”.
Omsætningen udgjorde i 1. halvår 2010 DKK 441,8 mio. (DKK 422,8 mio. i samme periode 2009),
svarende til en stigning på 4,5%. Dette er på niveau med ledelsens forventninger.
EBITDA udgjorde i 1. halvår 2010 DKK 16,1 mio. (DKK 13,1 mio. i samme periode 2009), svarende til
en stigning på 23,1% i forhold til 1. halvår 2009. Resultatet er på niveau med ledelsens forventninger.
Omsætningen for ISV-segmentet blev på DKK 16,7 mio. i 1. halvår 2010 (DKK 17,8 mio. i samme
periode 2009). Periodens EBITDA blev på DKK 7,7 mio. (DKK 7,6 mio. i samme periode 2009).
Omsætningen i Norden blev på DKK 204,3 mio. i 1. halvår 2010 (DKK 193,2 mio. i samme periode
2009), svarende til en stigning på 5,7%. Periodens EBITDA blev på DKK 15,7 mio. (DKK 18,1 mio. i
samme periode 2009), svarende til et fald på 13,4% i forhold til 2009. Begrundelsen herfor skal især
findes i øgede løn- og personaleomkostninger.
Omsætningen i Vesteuropa blev på DKK 80,5 mio. i 1. halvår 2010 (DKK 73,0 mio. i samme periode
2009). Periodens EBITDA blev på DKK 2,1 mio. (DKK 3,7 mio. i samme periode 2009).
Omsætningen i Østeuropa blev på DKK 80,6 mio. i 1. halvår 2010 (DKK 87,3 mio. i samme periode
2009). Periodens EBITDA blev på DKK 1,2 mio. (DKK 2,7 mio. i samme periode 2009).
Omsætningen i Nord- og Sydamerika blev på DKK 57,8 mio. i 1. halvår 2010 (DKK 49,4 mio. i samme
periode 2009). Periodens EBITDA blev på DKK 5,7 mio. (DKK -3,3 mio. i samme periode 2009).
Periodens resultat i 1. halvår 2010 blev på DKK 5,4 mio., hvilket er en forbedring på DKK 9,8 mio. i
forhold til samme periode 2009.
Koncernens egenkapital var ved udgangen af 1. halvår 2010 DKK 245,5 mio. (DKK 244,0 mio. efter 1.
halvår 2009), svarende til en egenkapitalandel på 45,7% (45,9% i 2009).
De udmeldte forventninger til 2010 fastholdes og Columbus IT forventer således fortsat en omsætning
i niveauet DKK 890 mio. og et EBITDA på DKK 50-55 mio.
I min research fandt jeg lige en kandidat afhandling fra børsmægler studiet 
http://studenttheses.cbs.dk/xmlui/bitstream/handle/10417/1163/heidi_marie_bach.pdf?sequence=1
http://studenttheses.cbs.dk/xmlui/bitstream/handle/10417/1163/heidi_marie_bach.pdf?sequence=1
30/10 2010 11:15 3
35439 Her kommer lidt peer review. Så mangler vi bare at finde q3 regnskaber for de peers.
Virtusa 27/10
Virtusa Announces Second Quarter Fiscal 2011 Financial Results
-- Second quarter fiscal 2011 revenue of $52.7 million increased 40% year-over-year
-- Second quarter fiscal 2011 EPS was $0.15 compared to $0.12 in the second quarter fiscal 2010
-- Commenced work with 7 new clients; Active client base increases to 76
-- Raising fiscal year 2011 revenue guidance
WESTBOROUGH, Mass., Oct 27, 2010 (BUSINESS WIRE) --
Virtusa Corporation (NASDAQ: VRTU), a global information technology (IT) services company that provides IT consulting, technology implementation and application outsourcing services through an enhanced global delivery model, today reported financial results for the second quarter fiscal year 2011, ended September 30, 2010.
Second Quarter Fiscal 2011 Financial Results
Revenue for the second quarter of fiscal 2011 was $52.7 million, an increase of 40% year-over-year and 2% sequentially. On a constant currency basis (1), second quarter fiscal 2011 revenue increased 42% year-over-year and 1% sequentially.
Virtusa reported income from operations of $4.0 million for the second quarter of fiscal 2011, an increase compared to $3.2 million for the second quarter of fiscal 2010, and an increase compared to $3.1 million for the first quarter of fiscal 2011.
Net income for the second quarter of fiscal 2011 increased to $3.7 million, or $0.15 per diluted share, compared to $3.0 million, or $0.12 per diluted share, for the second quarter of fiscal 2010, and $3.1 million, or $0.13 per diluted share, for the first quarter of fiscal 2011.
The Company ended the second quarter of fiscal 2011 with $95.0 million of cash, cash equivalents, short-term investments and long-term investments (2). The Company generated cash from operations of $7.0 million during the second quarter of fiscal 2011.
Kris Canekeratne, Virtusa's Chairman and CEO, stated, "This was another solid quarter for Virtusa, driven primarily by increased contributions from the high quality clients we have added over the last 18 months." Mr. Canekeratne continued, "These clients are ramping faster and contributing greater revenue as they realize the benefits of our value proposition and our ability to accelerate their business outcomes."
Ranjan Kalia, Chief Financial Officer, said, "Based on our first half performance and the underlying momentum of our business, we are raising our revenue guidance for the full fiscal year 2011." Mr. Kalia continued, "We remain focused on margin expansion by driving productivity and efficiency programs as we scale the business to meet top line growth."
Financial Outlook
Virtusa management provided the following current financial guidance:
Third quarter fiscal 2011 revenue is expected to be in the range of $54.0 to $56.0 million, with diluted EPS of $0.16 to $0.20.
Fiscal year 2011 revenue is expected to be in the range of $214.0 to $220.0 million, with diluted EPS of $0.60 to $0.72.
The Company's third quarter and fiscal year 2011 diluted EPS estimates assume an average share count of approximately 24.8 million and 24.7 million, respectively (assuming no further exercises of stock-based awards), and assume a stock price of $12.30 per share, which was derived from the average closing price of the Company's stock over the five trading days ended on October 26, 2010. Deviations from this stock price may cause actual EPS to vary based on share dilution from Virtusa's stock options and stock appreciation rights.
Virtusa Announces Second Quarter Fiscal 2011 Financial Results
-- Second quarter fiscal 2011 revenue of $52.7 million increased 40% year-over-year
-- Second quarter fiscal 2011 EPS was $0.15 compared to $0.12 in the second quarter fiscal 2010
-- Commenced work with 7 new clients; Active client base increases to 76
-- Raising fiscal year 2011 revenue guidance
WESTBOROUGH, Mass., Oct 27, 2010 (BUSINESS WIRE) --
Virtusa Corporation (NASDAQ: VRTU), a global information technology (IT) services company that provides IT consulting, technology implementation and application outsourcing services through an enhanced global delivery model, today reported financial results for the second quarter fiscal year 2011, ended September 30, 2010.
Second Quarter Fiscal 2011 Financial Results
Revenue for the second quarter of fiscal 2011 was $52.7 million, an increase of 40% year-over-year and 2% sequentially. On a constant currency basis (1), second quarter fiscal 2011 revenue increased 42% year-over-year and 1% sequentially.
Virtusa reported income from operations of $4.0 million for the second quarter of fiscal 2011, an increase compared to $3.2 million for the second quarter of fiscal 2010, and an increase compared to $3.1 million for the first quarter of fiscal 2011.
Net income for the second quarter of fiscal 2011 increased to $3.7 million, or $0.15 per diluted share, compared to $3.0 million, or $0.12 per diluted share, for the second quarter of fiscal 2010, and $3.1 million, or $0.13 per diluted share, for the first quarter of fiscal 2011.
The Company ended the second quarter of fiscal 2011 with $95.0 million of cash, cash equivalents, short-term investments and long-term investments (2). The Company generated cash from operations of $7.0 million during the second quarter of fiscal 2011.
Kris Canekeratne, Virtusa's Chairman and CEO, stated, "This was another solid quarter for Virtusa, driven primarily by increased contributions from the high quality clients we have added over the last 18 months." Mr. Canekeratne continued, "These clients are ramping faster and contributing greater revenue as they realize the benefits of our value proposition and our ability to accelerate their business outcomes."
Ranjan Kalia, Chief Financial Officer, said, "Based on our first half performance and the underlying momentum of our business, we are raising our revenue guidance for the full fiscal year 2011." Mr. Kalia continued, "We remain focused on margin expansion by driving productivity and efficiency programs as we scale the business to meet top line growth."
Financial Outlook
Virtusa management provided the following current financial guidance:
Third quarter fiscal 2011 revenue is expected to be in the range of $54.0 to $56.0 million, with diluted EPS of $0.16 to $0.20.
Fiscal year 2011 revenue is expected to be in the range of $214.0 to $220.0 million, with diluted EPS of $0.60 to $0.72.
The Company's third quarter and fiscal year 2011 diluted EPS estimates assume an average share count of approximately 24.8 million and 24.7 million, respectively (assuming no further exercises of stock-based awards), and assume a stock price of $12.30 per share, which was derived from the average closing price of the Company's stock over the five trading days ended on October 26, 2010. Deviations from this stock price may cause actual EPS to vary based on share dilution from Virtusa's stock options and stock appreciation rights.
Ultimate Software Group
FOR IMMEDIATE RELEASE
Ultimate Reports Q3 2010 Financial Results
Recurring Revenues Up by 29%, Total Revenues Up by 19%
Weston, FL, October 26, 2010 — Ultimate Software (Nasdaq: ULTI), a leading provider of unified human capital management SaaS solutions for global businesses, announced today its financial results for the third quarter of 2010. For the quarter ended September 30, 2010, Ultimate reported recurring revenues of $44.1 million, an increase of 29%, and total revenues of $57.0 million, an increase of 19%, both compared with 2009’s third quarter. GAAP net income for the third quarter of 2010 was $1.1 million, or $0.04 per diluted share, versus a GAAP net loss of $0.5 million, or $0.01 per diluted share, for the third quarter of 2009.
Non-GAAP net income, which excludes non-cash stock-based compensation, amortization of acquired intangible assets and a foreign currency translation adjustment, was $3.5 million, or $0.13 per diluted share, for the third quarter of 2010 compared with non-GAAP net income of $1.6 million, or $0.06 per diluted share, for the third quarter of 2009. See “Use of Non-GAAP Financial Information” below.
“Our momentum continued through the third quarter. Our recurring revenues and total revenues were both in line with expectations, and our market indicators show that there continues to be strong demand for our solutions in both the Enterprise and Workplace markets,” said Scott Scherr, CEO, president, and founder of Ultimate.
Ultimate’s financial results teleconference will be held today, October 26, 2010, at 5:00 p.m. Eastern Time, through Vcall at http://www.investorcalendar.com/IC/CEPage.asp?ID=161650. The call will be available for replay at the same address beginning at 9:00 p.m. Eastern Time the same day. Windows Media Player or Real Player software is required to listen to the call and can be downloaded from the site. Forward-looking information about future company performance will be discussed during the teleconference call.
Financial Highlights
Recurring revenues grew by 29% for the third quarter of 2010 compared with 2009’s third quarter, primarily due to revenue growth from our Software-as-a-Service (SaaS) offering. Recurring revenues for the third quarter of 2010 were 77% of total revenues as compared with 71% of total revenues for the same period of last year.
Ultimate’s annualized retention rate remained at 96% for its existing recurring revenue customer base.
The operating margin (on a non-GAAP basis) for the third quarter of 2010 was $5.8 million, or 10.2%, compared with $2.8 million, or 6.1%, for the third quarter of 2009.
The combination of cash, cash equivalents, and marketable securities was $38.5 million as of September 30, 2010, compared with $33.2 million as of December 31, 2009. For the three months ended September 30, 2010, Ultimate generated $6.2 million in cash from operations and repurchased 208,900 shares of our issued and outstanding $0.01 par value common stock (“Common Stock”) for $6.8 million, under our previously announced stock repurchase plan (“Stock Repurchase Plan”). For the nine months ended September 30, 2010, Ultimate generated $16.2 million in cash from operations and repurchased 609,400 shares of our Common Stock for $19.8 million, under our Stock Repurchase Plan. As of September 30, 2010, we had 405,175 shares available for repurchase in the future under our Stock Repurchase Plan.
Financial Outlook
Ultimate provides the following financial guidance for the 2010 full year and preliminary financial guidance for the 2011 full year:
For the year 2010:
Recurring revenues to increase by approximately 28% over those in 2009;
Total revenues to increase by approximately 16% over those in 2009; and
Operating margin, on a non-GAAP basis (discussed below), of approximately 10%.
For the year 2011, preliminary:
Recurring revenues to increase by approximately 25% in 2011 over those in 2010;
Total revenues to increase by approximately 19% over those in 2010; and
Operating margin, on a non-GAAP basis (discussed below), of approximately 13-14%.
Operating margin expectations were determined on a non-GAAP basis using the methodologies identified under the caption “Use of Non-GAAP Financial Information” in this press release. Non-cash equity-based compensation expense for both 2010 and 2011 is expected to be approximately $13.5 million.
FOR IMMEDIATE RELEASE
Ultimate Reports Q3 2010 Financial Results
Recurring Revenues Up by 29%, Total Revenues Up by 19%
Weston, FL, October 26, 2010 — Ultimate Software (Nasdaq: ULTI), a leading provider of unified human capital management SaaS solutions for global businesses, announced today its financial results for the third quarter of 2010. For the quarter ended September 30, 2010, Ultimate reported recurring revenues of $44.1 million, an increase of 29%, and total revenues of $57.0 million, an increase of 19%, both compared with 2009’s third quarter. GAAP net income for the third quarter of 2010 was $1.1 million, or $0.04 per diluted share, versus a GAAP net loss of $0.5 million, or $0.01 per diluted share, for the third quarter of 2009.
Non-GAAP net income, which excludes non-cash stock-based compensation, amortization of acquired intangible assets and a foreign currency translation adjustment, was $3.5 million, or $0.13 per diluted share, for the third quarter of 2010 compared with non-GAAP net income of $1.6 million, or $0.06 per diluted share, for the third quarter of 2009. See “Use of Non-GAAP Financial Information” below.
“Our momentum continued through the third quarter. Our recurring revenues and total revenues were both in line with expectations, and our market indicators show that there continues to be strong demand for our solutions in both the Enterprise and Workplace markets,” said Scott Scherr, CEO, president, and founder of Ultimate.
Ultimate’s financial results teleconference will be held today, October 26, 2010, at 5:00 p.m. Eastern Time, through Vcall at http://www.investorcalendar.com/IC/CEPage.asp?ID=161650. The call will be available for replay at the same address beginning at 9:00 p.m. Eastern Time the same day. Windows Media Player or Real Player software is required to listen to the call and can be downloaded from the site. Forward-looking information about future company performance will be discussed during the teleconference call.
Financial Highlights
Recurring revenues grew by 29% for the third quarter of 2010 compared with 2009’s third quarter, primarily due to revenue growth from our Software-as-a-Service (SaaS) offering. Recurring revenues for the third quarter of 2010 were 77% of total revenues as compared with 71% of total revenues for the same period of last year.
Ultimate’s annualized retention rate remained at 96% for its existing recurring revenue customer base.
The operating margin (on a non-GAAP basis) for the third quarter of 2010 was $5.8 million, or 10.2%, compared with $2.8 million, or 6.1%, for the third quarter of 2009.
The combination of cash, cash equivalents, and marketable securities was $38.5 million as of September 30, 2010, compared with $33.2 million as of December 31, 2009. For the three months ended September 30, 2010, Ultimate generated $6.2 million in cash from operations and repurchased 208,900 shares of our issued and outstanding $0.01 par value common stock (“Common Stock”) for $6.8 million, under our previously announced stock repurchase plan (“Stock Repurchase Plan”). For the nine months ended September 30, 2010, Ultimate generated $16.2 million in cash from operations and repurchased 609,400 shares of our Common Stock for $19.8 million, under our Stock Repurchase Plan. As of September 30, 2010, we had 405,175 shares available for repurchase in the future under our Stock Repurchase Plan.
Financial Outlook
Ultimate provides the following financial guidance for the 2010 full year and preliminary financial guidance for the 2011 full year:
For the year 2010:
Recurring revenues to increase by approximately 28% over those in 2009;
Total revenues to increase by approximately 16% over those in 2009; and
Operating margin, on a non-GAAP basis (discussed below), of approximately 10%.
For the year 2011, preliminary:
Recurring revenues to increase by approximately 25% in 2011 over those in 2010;
Total revenues to increase by approximately 19% over those in 2010; and
Operating margin, on a non-GAAP basis (discussed below), of approximately 13-14%.
Operating margin expectations were determined on a non-GAAP basis using the methodologies identified under the caption “Use of Non-GAAP Financial Information” in this press release. Non-cash equity-based compensation expense for both 2010 and 2011 is expected to be approximately $13.5 million.
Acando AB
Statement by Carl-Magnus Månsson, CEO
The market situation improved during the third quarter in several of our markets. Growth in net sales amounted to 12
percent in local currency and the operating profit improved. The result for the quarter was charged with costs of
approximately SEK 5 m attributable to estimated additional costs in three major customer projects and with
approximately SEK 2 m arising from management changes in Denmark. Our ongoing work on operational efficiency
continues with the aim of increasing the operating margin to a more satisfactory level.
Although Sweden is growing in line with strong market conditions, our expectations of improved profits have not
materialized in each competence area. I am happy to report that operations in Germany are developing positively after a
weak start to the year. The order book in Norway improved significantly in the third quarter and the Oslo office is still
reporting strong demand for strategic IT services.
Finland and the UK continue to deliver growth and high margins. Operations in Denmark continue to be weighed down by
a combination of low prices and an unsatisfactory utilization. The Managing Director of the Danish subsidiary left the
company in September and further changes in management were made at this time. The cost of these changes amounted
to approximately SEK 2 million for the quarter.
We are proud of being appointed a Subscription Partner of SAP and the first supplier in the Nordic market to sign a
Software as a Service agreement. Cloud based deliveries are one of our focus areas and we see favorable opportunities to
grow and take a leading position.
We continue to have a need for further recruitment and have been unable to grow the work force at the planned pace. In
the short-term, we are meeting demand by developing our subcontractor business. Recruitment efforts were intensified in
September and October.
Statement by Carl-Magnus Månsson, CEO
The market situation improved during the third quarter in several of our markets. Growth in net sales amounted to 12
percent in local currency and the operating profit improved. The result for the quarter was charged with costs of
approximately SEK 5 m attributable to estimated additional costs in three major customer projects and with
approximately SEK 2 m arising from management changes in Denmark. Our ongoing work on operational efficiency
continues with the aim of increasing the operating margin to a more satisfactory level.
Although Sweden is growing in line with strong market conditions, our expectations of improved profits have not
materialized in each competence area. I am happy to report that operations in Germany are developing positively after a
weak start to the year. The order book in Norway improved significantly in the third quarter and the Oslo office is still
reporting strong demand for strategic IT services.
Finland and the UK continue to deliver growth and high margins. Operations in Denmark continue to be weighed down by
a combination of low prices and an unsatisfactory utilization. The Managing Director of the Danish subsidiary left the
company in September and further changes in management were made at this time. The cost of these changes amounted
to approximately SEK 2 million for the quarter.
We are proud of being appointed a Subscription Partner of SAP and the first supplier in the Nordic market to sign a
Software as a Service agreement. Cloud based deliveries are one of our focus areas and we see favorable opportunities to
grow and take a leading position.
We continue to have a need for further recruitment and have been unable to grow the work force at the planned pace. In
the short-term, we are meeting demand by developing our subcontractor business. Recruitment efforts were intensified in
September and October.
30/10 2010 11:40 Valueguy 035444 Stærkt arbejde, Aka. Jeg har været kraftigt reduceret i aktier siden maj, og nu skal jeg ud af mit hi igen og lede efter kandidater. Colombus er en af få jeg beholdt, og den virker stadig meget lavt vurderet i forhold til de tal de har præsteret på det seneste, så her overvejer jeg at supplere. Så længe man er klar til at trække sig, hvis Kunøe begynder at opkøbe i egne selskaber...
2/11 2010 01:31 collersteen 035559 Puha, det studie skal man jo passe på med.
Iøvrigt lit sjovt så stor fokus der er på 2009 og finanskrisen når opgaven først er afleveret i sommeren 2010. Nåh, men sådan er der jo så meget, som vi bestemt ikke behøver at gå i detaljer med
Jeg må nok også hellere lade vær' med at skrive hvad jeg synes om opgaven efter 5min (unfair) skimning.
Men bortset fra det, så kunne jeg også godt finde på at hoppe på lidt Columbus, da jeg dels har en udmærket tillid til Kunøe som storaktionær, dels ved at Colum historisk har været en meget volatil trader-aktie.
Gobe, har du slet ingen trader-kommentarer til Colum? Hvis jeg ikke husker meget fejl er det en af de dine favoritter? Eller måske det er ex-favoritter?
Iøvrigt lit sjovt så stor fokus der er på 2009 og finanskrisen når opgaven først er afleveret i sommeren 2010. Nåh, men sådan er der jo så meget, som vi bestemt ikke behøver at gå i detaljer med
Jeg må nok også hellere lade vær' med at skrive hvad jeg synes om opgaven efter 5min (unfair) skimning.
Men bortset fra det, så kunne jeg også godt finde på at hoppe på lidt Columbus, da jeg dels har en udmærket tillid til Kunøe som storaktionær, dels ved at Colum historisk har været en meget volatil trader-aktie.
Gobe, har du slet ingen trader-kommentarer til Colum? Hvis jeg ikke husker meget fejl er det en af de dine favoritter? Eller måske det er ex-favoritter?
2/11 2010 11:49 Gobe 035571 I min verden er Kunøeeffekten fordampet og det tror jeg den er hos mange andre på diverse fora. Derfor er Columbus ikke interessant at skubbe til, når det aftagende hypehysteri af og til sætter ind og der spilles SortePer. For sæt man brænder inde med aktien.
Og så ser jeg med en vis bekymring på at deltage i aktier, hvor hovedaktionæren har bestemmende indflydelse, og hvor man sidder med en fornemmelse af, at man (måske) bliver tørret i rumpetten.
Så Columbus er ex-favorit, - men dog på min OBS-liste, hvis der skulle opstå en mulighed for et sikkert stunt, der ligger til højrebenet.
Har ikke rørt aktien siden 24/4-09, hvor jeg smed de sidste i 2,55.
Gobe
Og så ser jeg med en vis bekymring på at deltage i aktier, hvor hovedaktionæren har bestemmende indflydelse, og hvor man sidder med en fornemmelse af, at man (måske) bliver tørret i rumpetten.
Så Columbus er ex-favorit, - men dog på min OBS-liste, hvis der skulle opstå en mulighed for et sikkert stunt, der ligger til højrebenet.
Har ikke rørt aktien siden 24/4-09, hvor jeg smed de sidste i 2,55.
Gobe
31/10 2010 08:38 Zip 035479 Hej AKA,
Der er ingen tvivl om at Q1 regnskabet fra Microsoft sammenholdt med regnskaber fra industry peers indenfor IT consulting er gode indikatorerer paa Columbus IT. Inden begejstringen dog bliver alt for stor skal du lige huske paa at Microsoft Business Division primaert stoerste saellert ikke er Dynamics produkterne, men Office.
MBD er korrekt steget 13.4% i omsaetning YOY for Q1, men den store driver her er release af Office 2010. Microsofts omsaetning paa Dynamics (de programmer som Columbus saelger) er kun steget 4% i samme period. Dynamics produkt programmet indenholder ogsaa Microsoft CRM, som er den helt store vaekstkanon og sikkert staar for det meste af vaeksten paa din 4%. Columbus saelger saavidt jeg ved kun okonomiprogrammer, dvs. Dynamics Financials, hvor jeg (uden at vide det) kunne forestille mig at Microsoft endda har set negativ vaekst i deres Q1.
http://www.microsoft.com/investor/EarningsAndFinancials/Earnings/SegmentResults/MicrosoftBusinessDivision/FY11/Q1/Performance.aspx
Hvis du laeser Q3 rapporter for Columbus for tidligere aar vil du ogsaa se at 3. kvartal generelt er et daarligt software salgskvartal. Dette gaelder vel ogsaa for Microsoft (deres Q1). Fokus ligger alt andet lige paa Q2, hvor Microsoft lukker deres boeger og derfor driver mere salg og Q4 hvor mange virksomheder lukker deres budgeter og derfor lige skal have det sidste med.
Mht. Peers, virker det saa ikke lidt voldsomt med 2.9 milliarder EUR i markedsvaerdi paa SimCorp?
Andre peers, du kunne se paa inkluderes:
Aldata Solution fra Finland
Funcom fra Norge
Intoi AB Sverige
Ixonos fra Finland
Prevas AB fra Sverige
ReadSoft AB fra Sverige
Vitec fra Sverige
Der er ingen tvivl om at Q1 regnskabet fra Microsoft sammenholdt med regnskaber fra industry peers indenfor IT consulting er gode indikatorerer paa Columbus IT. Inden begejstringen dog bliver alt for stor skal du lige huske paa at Microsoft Business Division primaert stoerste saellert ikke er Dynamics produkterne, men Office.
MBD er korrekt steget 13.4% i omsaetning YOY for Q1, men den store driver her er release af Office 2010. Microsofts omsaetning paa Dynamics (de programmer som Columbus saelger) er kun steget 4% i samme period. Dynamics produkt programmet indenholder ogsaa Microsoft CRM, som er den helt store vaekstkanon og sikkert staar for det meste af vaeksten paa din 4%. Columbus saelger saavidt jeg ved kun okonomiprogrammer, dvs. Dynamics Financials, hvor jeg (uden at vide det) kunne forestille mig at Microsoft endda har set negativ vaekst i deres Q1.
http://www.microsoft.com/investor/EarningsAndFinancials/Earnings/SegmentResults/MicrosoftBusinessDivision/FY11/Q1/Performance.aspx
Hvis du laeser Q3 rapporter for Columbus for tidligere aar vil du ogsaa se at 3. kvartal generelt er et daarligt software salgskvartal. Dette gaelder vel ogsaa for Microsoft (deres Q1). Fokus ligger alt andet lige paa Q2, hvor Microsoft lukker deres boeger og derfor driver mere salg og Q4 hvor mange virksomheder lukker deres budgeter og derfor lige skal have det sidste med.
Mht. Peers, virker det saa ikke lidt voldsomt med 2.9 milliarder EUR i markedsvaerdi paa SimCorp?
Andre peers, du kunne se paa inkluderes:
Aldata Solution fra Finland
Funcom fra Norge
Intoi AB Sverige
Ixonos fra Finland
Prevas AB fra Sverige
ReadSoft AB fra Sverige
Vitec fra Sverige
Hej Zip,
Tak for inputtet, som jeg langt hen ad vejen er enig i. Jeg har ikke set segment inddelingen på office og Dynamics, og du har ret i at Colombus primært er på Dynamics siden.
Jeg ved heller ikke hvordan deres salg forløber sådan rent konkret på konsulentsiden. Sælger de kun Dynamics? Eller hjælper de med at få hele firmaet til at bruge det, og forstå det. Hvis det sidste er tilfældet kan deres salg af konsulentydelser dekobles intialsalget af Dynamics og "leve" i længere tid. Ja sågar måske endda være helt uafhængigt af nysalget af Dynamics.
Med hensyn til de andre peers du nævner, så er jeg stødt på den opgørelse før, men har lagt den side, da jeg ikke forstår hvad funcom laver i den peer gruppe. Jeg vil kun have IT konsulent huse der har noget med business at gøre og selvfølgelig gerne indenfor Dynamics feltet. De andre udover Funcom har jeg ikke kigget på. Ved du om der en relevant Peer iblandt dem?
Hvorom alting er, så ser det ihvertfald indikativt ud som om, at økonomien er ved at vende og firmaerne igen køber både software og konsulentydelser af den ene og anden art.
Så alt andet lige så er der flere plusser end minusser for Colombus IT.
Benchmark for kvartalet må være sidste år og ikke det foregående kvartal.
Tak for inputtet, som jeg langt hen ad vejen er enig i. Jeg har ikke set segment inddelingen på office og Dynamics, og du har ret i at Colombus primært er på Dynamics siden.
Jeg ved heller ikke hvordan deres salg forløber sådan rent konkret på konsulentsiden. Sælger de kun Dynamics? Eller hjælper de med at få hele firmaet til at bruge det, og forstå det. Hvis det sidste er tilfældet kan deres salg af konsulentydelser dekobles intialsalget af Dynamics og "leve" i længere tid. Ja sågar måske endda være helt uafhængigt af nysalget af Dynamics.
Med hensyn til de andre peers du nævner, så er jeg stødt på den opgørelse før, men har lagt den side, da jeg ikke forstår hvad funcom laver i den peer gruppe. Jeg vil kun have IT konsulent huse der har noget med business at gøre og selvfølgelig gerne indenfor Dynamics feltet. De andre udover Funcom har jeg ikke kigget på. Ved du om der en relevant Peer iblandt dem?
Hvorom alting er, så ser det ihvertfald indikativt ud som om, at økonomien er ved at vende og firmaerne igen køber både software og konsulentydelser af den ene og anden art.
Så alt andet lige så er der flere plusser end minusser for Colombus IT.
Benchmark for kvartalet må være sidste år og ikke det foregående kvartal.
