Quarterly results.
Highlights
Record Q1 revenues of $220 million, up 13% from Q1 2010
Diluted EPS (adj. IFRS) at $0.29*, up 13% from Q1 2010 (IFRS: $0.22, up 9%)
All Q1' 11 financial metrics exceed or in line with analyst consensus estimates (Bloomberg: March 29, 2011)
Revenues $220 million (consensus $216 million)
PBT (adj.) $95 million (consensus $90 million)
Op margin (adj.) 43% (consensus 42%)
Multi-million dollar Protect and Promote deals signed in quarter
Strong year-on-year growth in core IDOL business, including:
IDOL OEM growth (organic) of 28%
IDOL Cloud growth in recognised revenue (organic) of 17%
IDOL Product growth (organic) of 17%
Cloud signings up with commit now at $390 million
Organic growth in core business of 19%, including deferred revenue release is 15%
Launch of new social media monitoring and compliance products
Gross margins (adj.) up to 88% in Q1 2011, from 86% in Q4 2010
Deferred revenue stable at $176 million (Q4 2010: $178 million), showing usual seasonal effect
Operating margins (adj.) in Q1 2011 at 43% compared to 44% in Q1 2010 due to increased R&D for new product launches; Strong investment in business with R&D up 17% from Q1 2010
IAS38 R&D capitalization down in Q1 2011 with a net impact of $4.9 million (Q4 2010: $7.3 million)
27 seven figure deals in Q1 2011, up from 19 in Q1 2010
Average selling price for quarter rises to $806,000 (Q1 2010: $634,000)
Cash conversion trailing 12 months of 88% versus 81% last year
Gross cash of $1.1 billion (Q1 2010: $0.9 billion) at quarter end and no net debt
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