16 Sept 2009
IRIS, the UK’s largest private software house, today
released its first
ever published Annual Report and Results.
Revenues for the year were £119m (period ended 30 April 2008:
£95m), operating profit before exceptional costs and amortisation
of goodwill (‘adjusted operating profit’) was £40m (period ended 30
April 2008: £33m). Operating profit before amortisation of goodwill
was £37m (period ended 30 April 2008: £30m) with operating cash
flow of £39m over the year (period ended 30 April 2008: £39m).
The report demonstrates IRIS’ commitment to complying with best
practice corporate governance reporting and meets the standards set
out in the ‘Guidelines for Disclosure and Transparency in Private
Equity’ issued in November 2007 (commonly referred to as the
‘Walker Report’).
Commenting on the results, Group Chief Executive Officer Martin
Leuw explained; “During 2009, we made excellent progress with the
integration of Computer Software Group into IRIS. We now operate as
one integrated business and this has strengthened our position
considerably as ‘The Sector Specialist’ with deep domain and
customer knowledge, in sectors where our major competitors are all
generalists.”
IRIS has built its success and reputation on providing mission
critical software and deep domain expertise that improve
operational efficiency. This is backed up by a total commitment to
service excellence.
Mr Leuw concluded; “These are challenging times for all
businesses, and more than ever before our customers need us as
their IT partner, to help them adapt swiftly to a different
economic climate.”
Download the IRIS Annual
Review 2009