Trouble-Hit Misys Claims Progress As Profits Rise 17%

Evening Standard - London › June 21, 2007

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Summary

MISYS, the banking and healthcare software group that has been beset by problems in recent years, today said it had turned the corner.

Chief executive Mike Lawrie said revenues for the year to end- May had been flat and added: "We have much work yet to do, particularly in healthcare." But operating profits for the year were up by about 17%, and earnings per share will be ahead of forecasts at between 14p and 15p. Lawrie said he was pleased with progress on the strategy he announced in March: "The cost actions are on target and have delivered improvement in margin and profitability." Banking revenues rose 6% but healthcare revenues fell 3%.

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Trouble-Hit Misys Claims Progress As Profits Rise 17%

Lawrie add...

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