DGAP-News: itelligence AG: Annual General Meeting passes all agenda items with large majority

itelligence AG / AGM/EGM

27.05.2009 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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itelligence AG: Annual General Meeting passes all agenda items with large
majority
- Annual General Meeting approves dividend of EUR 0.12 per share
- Successful fiscal year 2008
- itelligence seizing opportunities in current environment 

Bielefeld, May 27, 2009 - At today's Annual General Meeting of itelligence
AG, Herbert Vogel (CEO) and Norbert Rotter (CFO) reported on the 2008 - the
most successful fiscal year in the history of itelligence AG - which ended
with the first ever distribution of a dividend of EUR 0.12 per share. The
approximately 50 shareholders present approved this proposal, as they did
all the other items on the agenda, by a large majority.

In spite of the generally muted economic conditions in the fourth quarter
of 2008, itelligence AG significantly improved its revenue and all its
earnings ratios. Revenue climbed by 13.5% to MEUR 216.6, outperforming the
Company's own expectations. IFRS earnings outstripped the growth in
revenues, rising by 33.3% to MEUR 10.8 (previous year: MEUR 8.1). Earnings
per share rose to EUR 0.44, up 22.2% on the prior-year figure of EUR 0.36.

Herbert Vogel, CEO of itelligence AG, said: 'We are delighted to be able to
distribute a dividend for the first time just in time for the 20th
anniversary of itelligence AG.' In light of the difficult market
environment, Herbert Vogel is satisfied with the results for the first
quarter: 'We have had a good start to fiscal 2009. Our goals for 2009 as a
whole are organic growth, particularly in Outsourcing & Services and in
Managed Services, as well as a clear positioning as an SAP mid-market
partner. Efficient cost management will help us to withstand the current
economic situation.'

The Management Board was given cause for optimism by orders on hand, which
increased from MEUR 149.4 at the end of the first quarter of the previous
year to MEUR 166.2 at the end of the first quarter 2009, almost matching
the high level recorded at the end of 2008 (MEUR 168.5).

Norbert Rotter, CFO of itelligence AG, said: 'As the year progresses, we
intend to leverage the opportunities arising in the IT environment and to
continue to invest in expanding our market position in the SME segment to
further advance our internationalization together with NTT DATA.'


itelligence is one of the leading international full-service providers of
IT solutions in support of SAP solutions, with more than 1,450 highly
qualified employees in 17 countries and five regions (Asia, Americas,
Western Europe, Germany/Austria and Eastern Europe). As an SAP Business,
Service and Support Alliance as well as Global Partner Hosting and Global
Partner Services, itelligence realizes complex projects in the SAP
environment for more than 3,000 customers around the world. In 2006,
itelligence was awarded SAP Gold Partner status in Germany, followed by the
USA in 2007. With its comprehensive service portfolio - ranging from SAP
strategy consulting, licensing through to proprietary industry-specific SAP
solutions and outsourcing & services - itelligence generated total revenues
of MEUR 216.6 in 2008.

Katrin Schlegel
Tel:  +49 (0) 521-91 448 106
Fax: +49 (0) 521-91 445 201
Katrin.Schlegel@itelligence.de
itelligence AG
Königsbreede 1
33605 Bielefeld
http://www.itelligence.de


DGAP 27.05.2009 
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Language:     English
Issuer:       itelligence AG
              Königsbreede 1
              33605 Bielefeld
              Deutschland
Phone:        +49 (0)521 91448-106
Fax:          +49 (0)521 91445-201
E-mail:       katrin.schlegel@itelligence.de
Internet:     www.itelligence.de
ISIN:         DE0007300402
WKN:          730 040
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
 
End of News                                     DGAP News-Service
 
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