Final Results
Highlights
Record full year revenues of $870 million, up 18% from 2009
All 2010 financial metrics in line with analyst consensus estimates (Bloomberg as at 11 Jan 2011)
Revenues $870 million (consensus $868 million)
PBT(adj.) $379 million (consensus $360 million)
Op margin (adj.) 43% (consensus 41%)
Strong growth in core IDOL business, including IDOL OEM growth of 32% and strong growth in IDOL Cloud revenues (Q4 up 12% year-on-year) with increasing contracts reflected in our "commit" number
Full year organic growth in core business of 17% (2009: 22%)
Rise in deferred revenue from last quarter, up to $178 million (Q3 2010: $168 million)
Operating margins (adj.) in Q4 at 45%; up significantly from 40% in Q3 2010
Full year diluted EPS (adj. IFRS) at $1.20* up 24% from 2009 (IFRS: $0.89, up 12%)
Cash conversion for 2010 at 87%, up significantly from 80% in 2009
94 seven figure deals in 2010, up 42% from last year
Average selling price for 2010 rises to $790,000
Strong investment in business with R&D up 16% from 2009
Positive cash flow generated by operations of $363 million (2009: $287 million), up 27%
Gross cash of $1,061 million at year end and no net debt
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