Intentia’s Intents To Be More Fashionable
P.J. Jakovljevic - September 19, 2001

Event Summary

On August 15, Intentia International AB (XSSE: INT B), a Swedish provider of enterprise business applications for mid-size and large enterprises, reported results for the second quarter of 2001. The profitability restoration plan, which was launched in 2000 with the intention to ensure the company will continue to generate higher license revenue within the constraints of its current product development and sales organization, has apparently resulted in improved earnings and cash flow. Cash flow from in Q2 2001 operating activities improved by SEK 222 million ($21.1 million) and was SEK 65 million ($6.2 million). License revenue for the quarter grew up 26% to SEK 274 million (~26.1 million), while consulting revenue rose 36% to SEK 689 million (~$65.6 million). Total revenue of SEK 978 (~$93 million) represents a 25% increase compared to Q2 2000 (See Figure 1)...