IFS Aspires To Capture North American Market Against The Low Tide
P.J. Jakovljevic - April 13, 2001

Event Summary

On March 15, IFS Industrial & Financial Systems AB, a Swedish business applications vendor announced that it won a number of major contracts in the US during the first two months of 2001 despite the negative market sentiment after recent announcements of its major competitors. Also, the company touts that the utilization of its consulting organization, which was possibly bloated during the past 12 months, has continued to improve and the effects of the action plan targeting increased profitability are beginning to be seen in the shape of lower costs. Sales in the US during the first two months in 2001 are up 79%, amounting to USD 12 Million, compared with USD 7 Million for the corresponding period in 2000. License sales have increased by 63%, while consulting revenue has risen by 83%...