Highlights of the fourth quarter
• Operating revenue grows by 4 % to NOK 125.5 million
• EBIT (earnings before interest and tax) of NOK 0.4 million
• Licence revenue grows by 69 % to NOK 23 million
• Cash and cash equivalents of NOK 83 million
• 471 employees, down from 502 in Q3/08 and 541 in Q4/07
• Launch of the new ProArc suite integrated with Microsoft® Office System
• Bouvet and Fujitsu signed as new partners
• Offshoring facility established in Bangalore/India
Group financials
Software Innovation had operating revenue of NOK 125.5 million in the fourth quarter of 2008, compared to NOK 120.3 million for the same period of the previous year. Earnings before interest, tax, depreciation and amortization (EBITDA) ended at NOK 3.5 million for the quarter, compared to NOK -10.6 million for the same period of the previous year.
At the end of the fourth quarter, the Group's total assets amounted to NOK 369.7 million. Equity came to NOK 114.4 million, an equity ratio of...