Financial Objects plc preliminary results for the year to 31 December 2006

13 March 2007

Financial Objects plc, an international supplier of software solutions to the banking, wealth management and energy sectors, announces results for the twelve months ended 31 December 2006.

Trading performance:

*Revenues increased by 43% to £19.9 million (2005: £13.9 million)
*Operating profit* increased to £2.3 million (2005: £1.0 million)
*Basic earnings per share increased to 5.4 pence (2005: loss of 0.5 pence)
*Adjusted* earnings per share increased to 5.3p (2005: 2.9 pence)
*Recurring support revenues accounted for 42% (£8.3 million)
*Net funds at year end (after acquisition costs of £2.1 million) of £2.8 million (2005: £2.6 million)
*Proposed return to dividend payment (1p per share)

* before exceptional items, goodwill amortisation and deferred tax


*Successful acquisition and integration of Raft International plc
*Encouraging growth in sales of Wealth Management and Energy Credit software
*Wholly-owned development centre in Bangalore increased to 150 people, 50% of total group workforce
*Order backlog at £13.1 million (2005: £10.4 million)

Commenting on the result, Roger Foster, Chairman, said:

"I am pleased to announce a strong set of results. A number of new client contracts were signed in the second half, contributing to the healthy order backlog going into 2007. This, along with a strong pipeline of sales and the investment we have made in 2006 in sales and marketing, gives us confidence that the momentum of growth can be continued. This confidence in the future is reflected in the decision to recommend a return to the payment of a dividend."

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