Business
Audited Final Results
Audited Final Results.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 6721N Allocate Software PLC 06 September 2011 \n \n\nAllocate Software plc\n(\"Allocate\" or the \"Company\")\n \nRecord Final Results for the Year Ended 31 May 2011\n \nAllocate Software plc (AIM: ALL), the leading provider of workforce and compliance optimisation solutions, announces its final audited results for the year ended 31 May 2011.\n \nFinancial Highlights\n \n§ Revenue increased by 37% to £30.1m (2010: £22.0m)\n§ Licence revenue increased by 40% to £13.0m (2010: £9.3m)\n§ Healthcare revenue increased by 56% to £23.1m (2010: £14.8m) \n§ Services and support revenue increased by 34% to £16.7m (2010: £12.5m)\n§ EBITDA* increased by 57% to £5.8m (2010: £3.7m)\n§ EBITDA margin increased by 2.5% to 19.3% (2010: 16.8%)\n§ Diluted adjusted EPS** increased by 23% to 6.4p (2010: 5.2p) \n§ Operating cash flows increased by 20% to £5.9m (2010: £4.9m). Net cash balance at the year-end was £8.4m (2010: £2.9m)\n§ Statutory diluted EPS was 1.2p*** (2010: 2.3p)\n§ Within these very strong results:\n- Organic revenue growth was 15% in 2011\n- Recurring revenue increased by 68% to £11.6m (2010: £6.9m) and represented 39% of total revenue in FY11.\n- Healthcare represented 77% of total revenue in 2011 (2010: 67%)\n \n* EBITDA refers to earnings before interest, tax, depreciation, amortisation and share based payments.\n** Diluted adjusted EPS excludes amortisation of intangible assets, acquisition costs and share-based payments, adjusted for taxation. \n*** The 2011 Statutory diluted EPS number is lower than that of 2010 due to the significantly higher amortisation charge incurred in 2011.\n \nBusiness Highlights\n§ Total Healthcare customers worldwide now number 450, including 373 NHS Trusts and 62 customers of Time Care in Sweden\n§ HealthRoster gained 26 new NHS Trust customers in 2011, making 145 Trusts with HealthRoster in total at the year-end which represents 35% of 411 Acute, Mental Health and Primary Care Trusts in England and Wales\n§ The Dynamic Change business acquired last year has recovered from a slow start and has now improved levels of new business as a result of the benefits of integration with the sales and marketing functions of Allocate\n§ Time Care in Sweden has had another good year meeting management's exp...