IBSG International Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Sep '08 Sep 30, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003
Revenue	17.36	14.57	7.6	4.93	3.3	-
Revenue Growth (YoY)	34.26%	91.61%	54.31%	49.57%	-	-
Cost of Revenue	0.36	0.36	0.27	0.41	0.22	-
Gross Profit	17	14.21	7.33	4.52	3.07	-
Selling, General & Admin	10.06	6.81	5.74	2.38	3.59	0.2
Operating Expenses	10.06	6.81	5.74	4.22	5.24	0.32
Operating Income	6.94	7.41	1.59	0.3	-2.17	-0.32
Interest Expense	-0.03	-	-0.06	-0.46	-0.04	-0.06
Interest & Investment Income	-	0.07	0.1	-	-	-
Other Non Operating Income (Expenses)	-	-	-	0.05	-	-
EBT Excluding Unusual Items	6.91	7.48	1.63	-0.1	-2.2	-0.38
Gain (Loss) on Sale of Assets	-	-	-	-0.01	-	-
Other Unusual Items	-	-	-0.55	0.05	-0.16	-
Pretax Income	6.91	7.48	1.08	-0.06	-2.36	-0.38
Income Tax Expense	2.29	2.62	0.38	-1.3	-	-
Net Income	4.61	4.86	0.7	1.24	-2.36	-0.38
Net Income to Common	4.61	4.86	0.7	1.24	-2.36	-0.38
Net Income Growth	15.98%	597.03%	-43.95%	-	-	-
Shares Outstanding (Basic)	11	8	7	4	3	1
Shares Outstanding (Diluted)	11	8	7	5	3	1
Shares Change (YoY)	37.42%	20.84%	45.21%	49.29%	121.46%	-
EPS (Basic)	0.43	0.57	0.10	0.28	-0.73	-0.26
EPS (Diluted)	0.43	0.57	0.10	0.26	-0.73	-0.26
EPS Growth	-15.60%	476.82%	-61.83%	-	-	-
Free Cash Flow	4.01	-2.79	3.19	-0.75	-1.07	-0.1
Free Cash Flow Per Share	0.38	-0.33	0.45	-0.15	-0.33	-0.07
Gross Margin	97.95%	97.55%	96.42%	91.67%	93.22%	-
Operating Margin	39.98%	50.85%	20.92%	6.07%	-65.73%	-
Profit Margin	26.58%	33.35%	9.17%	25.24%	-71.67%	-
Free Cash Flow Margin	23.10%	-19.14%	41.96%	-15.24%	-32.41%	-
EBITDA	7.32	7.79	1.9	0.63	-1.91	-0.32
EBITDA Margin	42.14%	53.47%	24.96%	12.80%	-58.02%	-
D&A For EBITDA	0.37	0.38	0.31	0.33	0.25	0
EBIT	6.94	7.41	1.59	0.3	-2.17	-0.32
EBIT Margin	39.98%	50.85%	20.92%	6.07%	-65.73%	-
Effective Tax Rate	33.22%	35.00%	35.45%	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.