|By PR Newswire||
|January 30, 2014 03:30 AM EST||
BIELEFELD, Germany, January 30, 2014 /PRNewswire/ --
- Revenue growth of 12.3% to MEUR 457.1 in 2013
- Strong Q4 with EBIT margin of 7.2% (previous year: 5.8%)
- EBIT for 2013 up 15.6% to MEUR 22.2
- Headcount stands at 3,078 as at December 31, 2013
- Forecast for 2014: Revenues increase to more than MEUR 500 with EBIT margin of around 5.5%
itelligence AG concluded fiscal year 2013 with further growth in revenues and income. Revenues rose by 18.1% from MEUR 114.6 to MEUR 135.3 in the fourth quarter. In fiscal year 2013, itelligence thus increased its revenues by 12.3% from MEUR 407.1 to MEUR 457.1. Dynamic organic growth and the strong performance of the companies acquired last year were factors in these good results. Orders on hand at itelligence AG were up 22.7% to MEUR 351.6 as at December 31, 2013 as against MEUR 286.6 at the end of 2012.
Herbert Vogel, CEO of itelligence AG, comments: "We are delighted with our company's revenue growth and performance. The strong fourth quarter quite clearly shows that we are on the right path. We are especially proud to have received the SAP® North America Regional Partner Excellence "Top Business All-in-One Reseller" award from SAP in the USA for the sixth consecutive year."
In the individual revenue segments, Consulting increased its revenues by 1.6% from MEUR 211.5 to MEUR 214.9. Revenues in Outsourcing & Services rose by 16.7% from MEUR 116.3 in the previous year to MEUR 135.7. Application Management also performed strongly, with revenues up 21.5% from MEUR 40.4 to MEUR 49.1. License business posted the biggest revenue growth in percentage terms, with significant 48.6%. Revenues here increased from MEUR 38.3 to MEUR 56.9 in fiscal year 2013.
In terms of geographical distribution, itelligence again recorded particularly strong revenue growth in Eastern Europe. Revenues here were up 50.3% at MEUR 48.1 compared with MEUR 32.0 in the previous year. Western Europe also achieved substantial revenue growth of 20.8% from MEUR 86.7 to MEUR 104.7 in 2013. The USA segment also put in a strong performance with growth of 8.5%, generating revenues of MEUR 100.5 as against MEUR 92.6 in the previous year. In the largest segment, DACH (Germany/Austria/Switzerland), revenues increased by 4.3% from MEUR 185.0 to MEUR 192.9. The Asia segment generated revenues of MEUR 7.1 in fiscal year 2013 compared with MEUR 7.0 (+1.4%) in the previous year. Revenues in the Other segment were unchanged from the previous year at MEUR 3.8.
Along with the increased revenues, itelligence AG also improved all its earnings figures. This was mostly attributable to the strong fourth quarter, in which EBIT (earnings before interest and taxes) rose by 48.5% from MEUR 6.6 to MEUR 9.8. The EBIT margin improved from 5.8% to 7.2%. For the year as a whole, EBIT thus increased by 15.6% from MEUR 19.2 in the previous year to MEUR 22.2 in 2013. Accordingly, the EBIT margin improved by 0.2 percentage points from 4.7% to 4.9%. In the past fiscal year, consolidated net profit rose by 18.2% from MEUR 13.7 to MEUR 16.2.
Norbert Rotter, CFO of itelligence AG, comments: "All divisions and regions contributed to this strong revenue growth in fiscal year 2013. In particular, the revenue share for recurring business increased to 40%. With this strong growth, we have also managed to further improve our profitability. For the first time in the history of itelligence AG, we have more than 3,000 employees worldwide - at the end of the year, our headcount stood at 3,078."
In light of the encouraging order situation, itelligence AG's strong market positioning and the good performance of the acquisitions, the Management Board is forecasting further growth in revenues and a further improvement in the earnings situation in fiscal year 2014. Revenues in 2014 are expected to exceed MEUR 500, corresponding to a rise of around 10%. Earnings are expected to record a stronger improvement than revenues. itelligence aims to achieve an EBIT margin of around 5.5%.
Further figures and details can be found in the 2013 Annual Report, which will be published on March 27, 2014.
itelligence is one of the leading international full-service providers of solutions in support of SAP solutions, employing more than 3,000 highly qualified employees in 22 countries and in five regions (America, Asia, Western Europe, Eastern Europe and Germany/Austria/Switzerland). As a frequently awarded SAP partner, among others global value-added reseller, SAP Certified in Cloud Services, SAP-Certified Provider of Hosting Services for SAP HANA® Enterprise Cloud and SAP Gold Partner Business ByDesign, itelligence realizes complex projects in the SAP solution-based environment for over 5,000 customers worldwide. In 2006, itelligence obtained gold-level status as an SAP channel partner as part of the SAP PartnerEdge™ program in Germany, and in the U.S. in 2007. The company's services in support of SAP solutions range from consulting and licensing to application management services and outsourcing & services to proprietary industry-specific SAP. In 2013, itelligence generated total sales of EUR 457.1 million. itelligence is "Top Consultant" 2013/14.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Dec. 5, 2016 09:29 AM EST Reads: 129
Application transformation and DevOps practices are two sides of the same coin. Enterprises that want to capture value faster, need to deliver value faster – time value of money principle. To do that enterprises need to build cloud-native apps as microservices by empowering teams to build, ship, and run in production. In his session at @DevOpsSummit at 19th Cloud Expo, Neil Gehani, senior product manager at HPE, discussed what every business should plan for how to structure their teams to delive...
Dec. 5, 2016 09:15 AM EST Reads: 1,409
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 5, 2016 09:15 AM EST Reads: 875
"We are a modern development application platform and we have a suite of products that allow you to application release automation, we do version control, and we do application life cycle management," explained Flint Brenton, CEO of CollabNet, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 5, 2016 08:45 AM EST Reads: 796
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Dec. 5, 2016 07:30 AM EST Reads: 7,040
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
Dec. 5, 2016 07:30 AM EST Reads: 982
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
Dec. 5, 2016 07:15 AM EST Reads: 1,253
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 5, 2016 06:45 AM EST Reads: 1,793
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 5, 2016 06:45 AM EST Reads: 1,594
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
Dec. 5, 2016 06:45 AM EST Reads: 981
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 5, 2016 06:30 AM EST Reads: 731
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 5, 2016 06:15 AM EST Reads: 897
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Dec. 5, 2016 06:00 AM EST Reads: 1,679
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Dec. 5, 2016 04:30 AM EST Reads: 5,225
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
Dec. 5, 2016 04:15 AM EST Reads: 1,617