Key highlights
Revenue growth of 2.4% at constant currency (CCY) in line with guidance
o Iona, acquired in February 2013, performed strongly delivering $11.0m
o Excluding Iona and the impact of the declining Niche and consulting business, the remaining revenues were broadly flat at $185.0m (2012 CCY: $186.1m)
Revising full-year revenue guidance from 0% to 5% growth to 3% to 6% at CCY
Licence revenue growth in Visual COBOL, Borland, CORBA and Mainframe Solutions, contributed to licence and maintenance growth of 4.2%
Acquisition of SoforTe during the period. In November 2013, OpenFusion CORBA assets were acquired from PrismTech and agreement to acquire the application life-cycle solution company AccuRev Inc.
Interim dividend increased by 17.6% to 14.0 cents per share (2012: 11.9 cents per share)
Return of Value of 60 pence per share (equivalent to 93.3 cents per share) on 12 November 2013 at total cost of $140.2m
Cash generated from operations as a percentage of Adjusted EBITDA less exceptional items was 96.1% (2012: 93.2% restated)
