Civica plc. Interim Results'Continued growth in profitability and strong cash generation'
Civica plc (“Civica” or “the Company”), the software and services group focused on the public sector, announces its interim results for the six months ended 31 March 2007.

Highlights

• Operating profit* up 15% to £9.0 million (2006: £7.8 million)
  
• Turnover up 11% to £62.8 million (2006: £56.5 million)
  
• Own software related turnover up 33% to £43.9 million (2006: £33.1 million)
  – Consulting up 18% to £15.0m
  – Owned software up 17% to £10.6m
  – Managed services up 62% to £18.3m
  
• Gross profit up 36% to £39.5 million (2006: £29.1 million)
  
• Net cash flow from operating activities at 106% of operating profit*
  
• Basic* earnings per share growth of 11.6% to 9.6p
  
• Interim dividend increased by 10% to 0.8p
  
• Statutory operating profit was £2.4 million (2006: operating loss of £1.4 million) with a profit per share of 0.2p (2006: loss per share of 5.0p)
  
• Completion of the VT Software Solutions Limited (“VTSS”) acquisition in January 2007, with subsequent cost synergies delivered ahead of schedule
  
• A consistent strategy of applying consulting, software and managed services in support of customer programmes for process-led service and efficiency improvement, resulted in:
  – More than 30 software wins in local government and housing including Southampton City Council, City Building (Glasgow) and Australia’s fifth largest city, Fairfield
  – Good performance in education, with new managed services agreements in Singapore and Brunei, and 11 new libraries contracts including Hampshire County Council
  – Deployment of existing solutions on a wider basis in an enforcement market characterised by difficult trading conditions

*adjusted profit is before amortisation, exceptional items and LTIP charges.

Full Press release can be downloaded here...