IXOS records profit from operations in Q4 and fiscal 2002/2003.

0 Comments | M2 Presswire, August, 2003

M2 PRESSWIRE-12 August 2003-IXOS: IXOS records profit from operations in Q4 and fiscal 2002/2003(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:08122003 Munich/Grasbrunn -- IXOS SOFTWARE AG increased consolidated revenues in fiscal year 2002/2003 (July 1, 2002 - June 30, 2003) by 4.2 to euro127.1 million (previous year: euro122.0 million).

Adjusted for exchange rate effects, revenues were up 11 year-on-year. Income from operations (EBIT) for the twelve-month period amounted to euro0.1 million (previous year: euro7.7 million). The main reasons for this drop were extraordinary acquisition and integration charges of euro4.8 million and negative exchange rate effects of euro2.9 million. Pro forma EBIT (excluding acquisition and currency effects) was euro7.8 million....