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Continued commercial growth in H1 2011, taking the book-to-bill ratio to 1.09 Significant progress in operating profitability (up 29%) Improved operating cashflow compared to H1 2011 Medium-term objectives reaffirmed Bull confirmed the medium-term objectives published on 9 December 2010 as part of its strategic development plan, BullWay 2011-2013. The implementation of this plan, launched during the first half of 2011, is progressing as expected.
Despite the economic uncertainty, Bull recorded a good progress in revenues and operating profitability and starts 2012 with a solid growth in order intake.
This autumn, drawing on its capacity for innovation and its expertise in computing power and security technologies, Bull is further strengthening its Extreme Computing, cloud computing and large-scale enterprise server offerings.
Six months after BullWay – our strategic plan for 2011-2013 – rolled into action, we are seeing the first positive results, as Bull returns to growth and profitability. Since January, the new senior management team has undertaken a fundamental reorganization of the business, designed to provide the solid foundations for its growth and to liberate our energies.