Misys to return Allscript proceeds to investors

first_img Software firm Misys said it would return the remaining proceeds of its Allscripts disposal, equal to 38 pence a share, to shareholders, and said the recent closing of deals kept its core business on track.The company, which sold most of stake in its Allscripts-Misys healthcare software joint venture last year, said on Tuesday it would return about £145m to shareholders.It has already used about £525m of proceeds on a share buyback.Misys, which focuses on banking and treasury and capital market software, reported revenue of 161 million pounds and operating profit of £23m for the six months to end-November, in line with guidance given in December when it said some orders had been delayed.The company, which became a leader in the TCM sector when it bought Dublin-based Sophis in November, said most of the outstanding deals had been closed since the period end, and its medium-term target of annual 5-8 per cent revenue growth was unchanged.Analysts expected Misys to report adjusted operating profit of £23.4m, just above the company’s guidance of £20-23m range, on revenue of £161.9m, in line with the £160-162m company range. John Dunne whatsapp whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼center_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads Tuesday 25 January 2011 2:47 am Tags: NULL Misys to return Allscript proceeds to investors last_img read more