Ideas International Limited 2011 Half-Year Profit Outlook
SYDNEY--(BUSINESS WIRE)-- Ideas International Limited (ASX:IDE) wishes to advise that it anticipates a profit after tax for the six months ending 30 June 2011 of between $825,000 and $925,000. This compares with after tax profit for the same period last year of $744,176. Revenues at the half-year are forecast to be between $4.2 million and $4.4 million compared to $4.046 million as at June 30 2010.
Stephen Bowhill, CEO and Managing Director of Ideas International Limited (IDEAS) commented “We continue to see strong usage of our services across our client base, an IT sector that is in full health again, the demand for our subscriptions globally to help in analysing costs and benefits of data centre equipment is strong and we retain an ability to increase prices for our unique sets of subscriptions because most of our clients are large global companies that also benefit from a weaker US Dollar in their business.”
He continued; ”As an Australian exporter, there are continued risks associated with our heavy reliance on billing in non-Australian Dollars. We will maintain our vigilance on costs and where the costs are incurred. We are investing in our products for vendors and their partners to ensure they remain market leading. We are maximising the deployment of our new IDEAS Advantage service to end users and build new royalty models with clients and partners for our Intellectual Property. Additionally we are investing in new research areas such as Cloud Computing and looking to create innovative Total Cost of Ownership tools within IDEAS Advantage for end users."
"We look forward to updating the market later in the year."
About Ideas International (IDEAS)
Ideas International (IDEAS) is a publicly traded company on the Australian Stock Exchange (ASX:IDE) and has been in business for over 25 years. IDEAS hosts users in over 100 countries and maintains offices in the US, EMEA and Asia Pacific.
The company provides enterprise IT research, insight, analysis and tools to both the buy and sell side of the industry, counting as clients many large technology vendors and major blue-chip global IT users. IDEAS services are delivered as Software-as-a-Service subscriptions.
Forward-Looking Statements:
This press release contains forward-looking statements including expectations for Ideas International’s 2011 fiscal performance and profit after tax improvements as well as reference to global regulations regarding carbon output and interest in related Ideas International products and services, that involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in this press release. Any statement not a statement of historical fact is a forward-looking statement, including without limitation statements concerning demand for and benefits of Ideas International products and integration of its products with existing solutions. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors. Ideas International takes no responsibility to update any forward-looking statements
CONTACT:
Ideas International Limited
Stephen Bowhill, +61 (0)2 9472 7701
CEO
stephenb@ideasinternational.com
or
Paul Sowerby, +61 (0)2 9472 7720
CFO
pauls@ideasinternational.com
KEYWORDS: Australia United Kingdom United States Europe North America Australia/Oceania
INDUSTRY KEYWORDS: Technology Hardware Internet Software Telecommunications
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