Preliminary results for the year ended 30 September 2007

Intec Telecom Systems PLC (ITL.L/ITL LN), a leading supplier of billing and operations support systems to the global telecoms industry, announces its audited preliminary results for the year ended 30 September 2007.

Financial Highlights

· Revenue up 8% to £124.5 million (2006: Revenue before exceptionals1 £115.3 million)

· Revenue up 15% in constant currency

· EBITDA2,5 up 119% to £14.7 million (2006: £6.7 million)

· EBITDA2,5 margin up six percentage points year on year to 11.8% (2006: 5.8%)

· Adjusted PBT3 of £8.7 million (2006:£2.1 million)

· Loss after tax4 of £7.8 million (2006: £6.3 million)

· Adjusted earnings per share5 of 2.36p (2006: 0.13p)

· Basic loss per share4 of (2.55p) (2006:(2.06p))

· Net cash of £22.6 million up 21% (2006: £18.6 million)

Operational Highlights

· Cost reduction actions taking effect - margin improvements coming through

· Strengthened leadership team with appointment of Group Finance Director and NED during the financial year. CEO appointment imminent.

· Continuing substantial wins across all product lines underpinning product leadership

Commenting on today’s results, John Hughes, Chairman and interim CEO, said:

“2007 has been a year of improving financial performance and rebuilding the platform for future growth. 2008 will see further efforts to progress margins, grow the top line and improve cash conversion as we seek to drive increasing shareholder value.”

Enquiries:

About Intec Telecom Systems PLC

Intec supplies billing software solutions to over 60 of the world’s top 100 telecoms carriers and is one of the world’s leading BSS/OSS (business and operations support systems) vendors. Intec’s customers include AT&T, Cable & Wireless, The Carphone Warehouse, China Mobile, Deutsche Telekom, Eircom, France Telecom, Hutchison 3G, Orange, T-Mobile, Telefonica, Telstra, Vodafone, Virgin Mobile, Vivo and Verizon.

Intec has a comprehensive and expanding range of solutions and services ranging from market leading mediation and convergent billing products through to innovative IMS Charging solutions. Intec works closely with its customers, many of whom have been with Intec since its inception, to provide the highest standards of performance, flexibility and robustness to help carriers service their customers effectively and profitably.

Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L) and has over 1,600 staff and 30 offices in 24 countries. For more information visit www.intecbilling.com

Notes

¹In the Annual Report for the year ended 30 September 2006 Intec reported that £5.5 million of previously recognised revenue was reversed due to uncertainty over the timing of payments following the delay of a major project roll out with a large US customer. Included in this revenue reversal of £5.5 million was £3.0 million that was actually recognised as revenue in 2005, and as such would have been more appropriately disclosed separately in the audited financial statements in 2006. Accordingly this disclosure has been made in 2007.

² EBITDA is reconciled to the loss before tax in note (ii) in the detailed financial highlights below.

³ Before exceptionals, impairment and amortisation of acquired intangible assets

⁴ After impairment charge of £13.2 million (2006: £nil)

⁵ Before exceptionals and impairment

View the full release here