IFS Far Cry From Running Out of Breath
P.J. Jakovljevic - June 29, 2000

Event Summary

In May, IFS, a Swedish ERP vendor, reported results for Q1 2000. It generated revenue of $57.0 million, a 21% increase compared to a year ago. License revenue grew 73% quarter over quarter to $18.6 million, while net income was $6.0 million (See Figure 1). IFS has continued its investments in the US market. Net sales in North America rose by 248% to $13.2 million, and the US market accounted for 23% of sales during 1Q00. Earnings during the period were affected by the fact that IFS' shareholding in Exactium was divested to US-based Pivotal Inc, which became a significant e-business partner at the same time. The sale generated a capital gain of $23.5 million...