The 1st half of Nixu's Fiscal Year: Information Security grows fast - weak progress in the Middle East
Nixu, Helsinki 30 October 2006
Nixu's Information Security sales grew with triple digit percentages from the last year's first half. Auditing and consultation related to the PCI (Payment Card Industry) Data Security Standard were the most significant growth drivers. Business in Nixu Software grew by almost a third. Sales revenue growth in Software Development was flat and revenue from Middle East reduced by almost a third.
The slower than anticipated sales in the Middle East lead to a negative profitability for the area, putting a significant load on the overall group performance. The compound of the other business units was on a healthy margin level.
The outlook for the second half is positive for the Information Security, Software Development and Nixu Software. However, due to the continuing challenges in the Middle East, it is clear that Nixu's compound revenue and profitability for the 2nd half will be less than projected in the beginning of this fiscal year.
Nixu Software launched it's new Secure Name Server product as planned on 16th of October and the product is made available through www.nixusoftware.com –website.
Timo Kotilainen
CEO
Due to the nature of Nixu's business, turnover and profitability may vary substantially from month to month. Single contracts or projects may have significant impacts on the overall financial results. Because the statements given here involve risks and uncertainties, actual results may differ materially from the results that we currently expect.