LONDON (ShareCast) - Financial software firm Misys (LSE: MSY.L - news) has had a pretty decent year, boosting reported revenue by about
40% to £695m and adjusted profit from continuing operations by over 40%.
In a trading statement ahead of figures for the year ended 31 May 2009, due later next month, it added that like for like revenue, which adjusts for last October's Allscripts merger and favourable exchange rates, rose 3%.
On a proforma like-for-like basis, adjusted operating profit increased by about 15%, while total reported order intake increased by around 60% to approximately £430m.
Like for like revenue grew about 5% at the Banking business, but fell 2% at Treasury & Capital Markets (TCM). Banking revenue grew 15% to £180m and TCM revenue by 14% to £160m.
"Our ability to deliver these results in a period of unprecedented economic turmoil is a great demonstration of the success of the turnaround programme," said boss Mike Lawrie.
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