Feeds

Misys revenue up six per cent

But healthcare arm still under the weather

New hybrid storage solutions

Healthcare and banking software firm Misys plc said yesterday that its first quarter revenues had beaten market expectations.

It said Q1 revenues were up six per cent to £104m compared to the same period in 2006.

The UK-based company attributed much of its growth to a strong performance within the banking arm of its business.

Misys CEO Mike Lawrie said: "Despite the significant seasonality traditional in our business, banking delivered strong ILF [Initial Licence Fees] growth driven by a number of valuable contracts and treasury and capital markets performed ahead of the budget we set."

But the firm conceded that it was "too early" to expect a major turnaround in the poorly performing healthcare division of Misys, which saw Q1 like-for-like revenues at £46m down two per cent.

He said the firm will continue to push for a larger chunk of the healthcare software market by making in-roads into a more solution-orientated space, as well as bumping up its global services biz.

Part of that commitment has been underlined in the past month following strategic deals with German software firm SAP and healthcare outfit iMedica, Lawrie said.

Misys shares are currently trading at 218 pence on the London Stock Exchange, down more than three per cent on the previous close.

The full Misys results can be viewed here. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Not appy with your Chromebook? Well now it can run Android apps
Google offers beta of tricky OS-inside-OS tech
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
NHS grows a NoSQL backbone and rips out its Oracle Spine
Open source? In the government? Ha ha! What, wait ...?
Google extends app refund window to two hours
You now have 120 minutes to finish that game instead of 15
Intel: Hey, enterprises, drop everything and DO HADOOP
Big Data analytics projected to run on more servers than any other app
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.