Feeds

Misys revenue up six per cent

But healthcare arm still under the weather

3 Big data security analytics techniques

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. ®

SANS - Survey on application security programs

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Batten down the hatches, Ubuntu 14.04 LTS due in TWO DAYS
Admins dab straining server brows in advance of Trusty Tahr's long-term support landing
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Internet-of-stuff startup dumps NoSQL for ... SQL?
NoSQL taste great at first but lacks proper nutrients, says startup cloud whiz
Windows 8.1, which you probably haven't upgraded to yet, ALREADY OBSOLETE
Pre-Update versions of new Windows version will no longer support patches
Microsoft TIER SMEAR changes app prices whether devs ask or not
Some go up, some go down, Redmond goes silent
Ditch the sync, paddle in the Streem: Upstart offers syncless sharing
Upload, delete and carry on sharing afterwards?
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.