Misys sees orders surge as banks return to health

first_imgThursday 9 December 2010 7:28 pm whatsapp KCS-content Tags: NULL whatsapp Share Show Comments ▼ Misys sees orders surge as banks return to health Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap MISYS, which provides financial software to the world’s biggest banks, reported a rise in new banking orders yesterday in a sign that clients are more upbeat about the future.UK-based Misys forecast banking order intake to reach £41-42m, up from £38.1m the previous year, it said in a trading statement for the six months to 30 November.The rise, the first in 18 months, is a sign that banks are more confident about investing in the company’s new BankFusion platform, said Execution Noble analyst Vijay Anand.Anand said major banks can take up to a year to decide on a new software platform, which has held back Misys’ results until now as BankFusion only launched this year. Misys said it received 13 new orders for BankFusion, which handles lending, deposits, and payment transactions as well as treasury and trade services, in the period. Other new solutions, such as trade finance systems for importers and exporters, accounted for 60 per cent of licence orders, up from 16 per cent the previous year. Banking division revenues are expected to dip slightly to £76-77m, down from £79.7m in 2009. But its treasury and capital markets arm saw forecast orders fall to £38-39m, from £40.9m, as orders were delayed. last_img read more

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