ISF isoft group limited

d-day, page-4

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    Probably not much new in here, but this was the commentary from the CSC earnings call late in the week:

    Significantly, NHS Bury, a primary care trust, went live in November as the first early adopter to use Lorenzo's care management functionality. Substantial progress has been made on the high-profile deployment of Release 1.9 at the University Hospitals of Morecambe Bay. UHMB has successfully completed their evaluation program. As has been reported in the media, there was a successful dress rehearsal test concluded this past weekend. And we're planning for a go-live at the end of May on a three-day weekend.

    In addition, we are proceeding with deployment preparations at several other trusts for subsequent go-live events. We are seeing a growing demand for the Lorenzo solution, and expect that subsequent trust go-live dates will be confirmed over the next month. Successful deployment of Release 1.9 will fundamentally shift the focus of this portion of the NHS program from the early adopter phase to the full-scale program of deployment. Through these deployments, the benefits of the program will be realized by the NHS, its patients and CSC.

    Elections were recently held in the U.K. and the change in the government has now taken place. The new government is looking to achieve budget efficiencies and value for money, while improving the services they deliver to their citizens. As you know, we've been engaged in contract realignment discussions that are consistent with these stated goals. With the changing government and personnel, we anticipate these discussions could extend into the summer months.


    Full transcript found here - contains a bit more info about NHS contract which may be of interest. I was disappointed to see that CSC expect the contract to be cashflow neutral for them in 2011 (as well as 2010), as would have hoped it would be contributing something. However, given the work for iSoft is more heavily loaded towards development than implementation, perhaps the outlook doesn't translate directly.
    <a href="http://seekingalpha.com/article/206230-computer-sciences-q4-2010-earnings-call-transcript?page=1">http://seekingalpha.com/article/206230-computer-sciences-q4-2010-earnings-call-transcript?page=1
 
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