iSOFT Group Limited (ASX:ISF) Full-Year Net Profit Climbs 137% to A$34.7 Million

Sydney, Aug 18, 2009 AEST (ABN Newswire) - iSOFT Group Limited (ASX:ISF) - Australia's largest listed health information technology company today announced its full-year result for the 12 months ended 30 June 2009.

Executive Chairman & CEO, Gary Cohen, said: "We have met or exceeded guidance on our key measures and reinstated a dividend. We have grown revenues more than 15% year on year on a like-for-like basis. We have significantly strengthened our balance sheet. iSOFT is in sound financial shape, and is well-placed at the forefront of a growing and resilient industry at a time when many companies are struggling."

OPERATIONAL PERFORMANCE

In the first full fiscal year of integration, overall financial results were strong. Revenue grew 50% to A$540.1 million as iSOFT strengthened its global footprint with significant contracts in core markets such as the U.K, the Netherlands, Germany, Spain and Australia, and entered new markets in Latin America, Italy and Africa. Revenue met guidance, even as the AUD/GBP exchange rate fell from the first half to the second half. More than 50% of the Group's revenues are in GBP.

EBITDA of A$132.4 million and EBITDA margin of 25% were above the guidance provided to the market on lower than anticipated costs. Net profit after tax gained 137% to A$34.7 million, while underlying net profit after tax rose 101% to A$66 million. At constant currencies, revenue grew by 42%, EBITDA rose by 29% and NPAT by 131%.

Operating cash flow was A$64.3 million, equivalent to 49% of EBITDA for the full year and 118% of EBITDA in the second half. Earnings per share more than doubled year on year, increasing to 4.3 cents in FY09 from 2.08 cents a year earlier.

iSOFT announced a 1 cent unfranked dividend. The record date is 22 September and it is payable on 6 October. The dividend reinvestment plan is activated and the discount will be notified shortly.

Financial Highlights FY09                         FY09   FY08  %change                          A$m    A$mSales Revenue           538.9    358    51%EBITDA                  132.4   96.4    37%EBIT                     78.4   54.6    44%Underlying NPAT *        66     32.9   101%NPAT                     34.7   14.7   137%Basic earnings pershare in cents            4.3   2.08   107%Underlying basicearnings per share       8.09   4.73    71%Cash at end of period    85.7   54.2    58%Net cash from operatingactivities**             64.3   76.2   -16%Days salesoutstanding (DSO)         50     79     36%

* Underlying NPAT is NPAT excluding amortisation of intangibles on acquisition only
**09 includes one-off outflows for i7 and ESA totalling A$25m

OUTLOOK

iSOFT expects sales growth of 10%, almost five times the forecast industry average*, in FY10, with margins at FY09 levels. Interest expense is forecast to be substantially lower (A$10-A$12 million), boosting NPAT in FY10. Operating cash flows are expected to trend across the halves in a similar way to FY09, and revenue and EBITDA is expected to be materially higher in the second half than in the first.

*Gartner forecast

RESULTS DETAILS

iSOFT invites you to a live webcast of its FY09 results presentation at 10:30 AM AEST today.

To access the webcast click on the following link:

http://www.isoftplc.com/corporate/home/nm_latest_3440.asp

The webcast will be available on iSOFT's website and on the ASX website.

A teleconference facility will also be made available:

Access Number: 02 8212 8410
Toll Free Number: 1800 153 721
Participant Pin Code: 289034#

Instructions for Participants:

Step 1: Participants dial the Event access number.

Step 2: At the prompt, participants will hear the Q&A instructions.

Step 3: Participants will be placed on hold until the Event begins.

The presentation details are as follows:

- FY09 Full-Year Results

- Presented by Gary Cohen, Executive Chairman & CEO; Martin Deda, Group Finance Director; and Andrea Fiumicelli, Chief Operating Officer. Brian Cohen, Chief Technology Officer; and Michael Dahlweid, Chief Medical Officer, will be present.

- 10:30 AM AEST

iSOFT
Darling Park
Tower 2
Level 27
201 Sussex Street
Sydney NSW 2000

For the complete iSOFT Group's Annual Report 2009, please click the link below:

http://www.abnnewswire.net/media/en/docs/61275-ASX-ISF-560603.pdf

Contact

Gary Cohen Executive Chairman & CEO iSOFT Group Limited Tel: +61-2-8251-6700 Email: gary.cohen@isofthealth.com Stuart Kelly Director, Corporate Affairs iSOFT Group Limited Tel: +61-2-8251-6769 Mob: +61-404-082-361 Email: stuart.kelly@isofthealth.com