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Geac Letter to Shareholders Excerpt

Press Release: Infor Library and Information Solutions [December 15, 2004]

Copyright (c) 2004 Infor Library and Information Solutions

Abstract: Geac Library Solutions continued to see momentum in sales of its Vubis Smart library automation system in the second quarter, with an 11.5% increase in year-over-year new license revenue, highlighted by the first U.S. sale of Vubis Smart and a major win at one of the UK''s largest public library systems.


Several business units within the Industry Specific Applications (ISA) sector of Geac also fared well during the second quarter. Geac Local Government increased its license revenue by over 95% compared to a year ago. Geac Library Solutions continued to see momentum in sales of its Vubis Smart library automation system in the second quarter, with an 11.5% increase in year-over-year new license revenue, highlighted by the first U.S. sale of Vubis Smart and a major win at one of the UK's largest public library systems. And in the first and second quarters of FY 2005, Interealty signed multi-year contracts, projected to be valued at approximately $4.5 million or more over the terms of these agreements, with five organizations representing more than 9,900 Realtors across three U.S. states and Ontario. While we are very proud of the progress these businesses have made, I must caution you again that they represent too small a portion of our total business to offset revenue lost due to support revenue attrition in our legacy EAS businesses.

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Publication Year:2004
Type of Material:Press Release
Language English
Issue:December 15, 2004
Publisher:Infor Library and Information Solutions
Place of Publication:Markham, ON
Company: Geac
Products: Vubis Smart
Record Number:11219
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00