IFS Marches On, Although With a String of Losses
P.J. Jakovljevic - October 3, 2000

Event Summary

In August, IFS Industrial & Financial Systems, a business applications vendor with main headquarters in Linkoping, Sweden, reported results for Q2 2000 (See Figure 1). IFS net sales for the first six months increased by 17%, to $117 million, compared with $100 million for the corresponding period in 1999. License sales rose by 85% during the first half of 2000, with a total revenue increase of 94% during the second quarter. A total of 200 new customers were signed during the first six months. However, IFS reported a loss of $ 6 million after net financial items, compared with a loss of $ 1 million for the first six months of 1999...