The first three months of the year were satisfactory. Net profit for the period increased by EUR 2.4m. Q1 revenue was up 20% compared with the year-earlier period to EUR 47.5m. EBIT for the three-month period was EUR 6.3m, up 109% compared with the year-earlier period. SimCorp maintains its expectations for 2012 of revenue growth measured in local currencies of more than 5% and an EBIT margin exceeding 22%. At 31 March 2012, contracts equalling EUR 150.7m of the projected 2012 revenue had been secured, EUR 10.1m more than at the same time last year.