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IBS OPENSystems plc - Trading Update

Thu Jan 17, 2008 2:00am EST
 
RNS Number:9475L
IBS OPENSystems plc
17 January 2008



                              IBS OPENSystems plc

                            Pre-Close Trading Update

IBS OPENSystems plc, a leading provider of software solutions to the Local
Government and Social Housing Markets, has today issued the following pre-close
trading update for the period ending 31st December 2007.

Revenue, profits and earnings per share showed year on year growth compared with
2006 although slightly short of analysts' formally published expectations.
Operating margin, including the costs associated with the change of CEO, was
broadly similar to the previous year.

The sales growth rate in the second half, which was partly driven by further
market share gains was, however, tempered by some tightening in market
conditions; these conditions are anticipated to continue into 2008 but the Board
also remains confident of further market share gains.


Full Year results will be announced on 21st February 2008.



For more information please contact:


IBS OPENsystems plc
Richard Smith, CEO
Karl Pott, Finance Director
01635 550088


Citigate Dewe Rogerson
Seb Hoyle
020 7638 9571


Numis Securities as Nominated Adviser and broker
James Black / Jag Mundi
020 7260 1000



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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