Published:
SYSTRAN : Third Quarter 2009 Revenue Release
SYSTRAN, the leading provider of language translation
technologies, today announced its consolidated revenue for the third
quarter ended September 30, 2009.
+-----------------------+-----------+-----+-----------+------------+-----+
|Consolidated and |3rd quarter| | |Year-to-date| |
|unaudited | | | | | |
+-----------------------+-----------+-----+-----------+------------+-----+
|(in KEUR ) | 2009| 2008| Variation| 2009| 2008|
+-----------------------+-----------+-----+-----------+------------+-----+
| | | |2009 / 2008| | |
+-----------------------+-----------+-----+-----------+------------+-----+
|Software Publishing | 2,431|1,248| + 94.8 %| 4,701|4,175|
+-----------------------+-----------+-----+-----------+------------+-----+
|Professional Services | 736| 475| + 54.9 %| 2,324|1,185|
+-----------------------+-----------+-----+-----------+------------+-----+
|Consolidated Sales | 3,167|1,723| + 83.8 %| 7,025| 5,36|
+-----------------------+-----------+-----+-----------+------------+-----+
+-------------------------+-----------+
|Consolidated and | |
|unaudited | |
+-------------------------+-----------+
|(in KEUR ) | Variation|
+-------------------------+-----------+
| |2009 / 2008|
+-------------------------+-----------+
|Software Publishing | + 12.6 %|
+-------------------------+-----------+
|Professional Services | + 96.1 %|
+-------------------------+-----------+
|Consolidated Sales | + 31.1 %|
+-------------------------+-----------+
Third Quarter 2009 Activities
Consolidated sales for the third quarter were 3,167 KEUR , representing
strong growth as compared with the same period last year.
Consolidated sales for the first nine months of the year were 7,025KEUR as
compared with 5,360 KEUR for the same period last year - a growth of 31.1
%.
Sales generated from software licenses totaled 4,701 KEUR , an increase of
12.6 % as compared with 2008. This increase is mainly the result of US
federal government customer upgrades to version 7 during the past quarter.
Professional Services sales amounted to 2,324 KEUR as compared with 1,185
KEUR for the same period last year, an increase of 96.1 %. This reflects
the impact of new orders received from the US federal government customers
in 2008 and 2009.
Outlook
SYSTRAN's efforts are now focused on the sale and marketing of the version
7 Server Products, expected to drive revenue growth from Corporate
customers.
The full-year growth should be higher than the first half of the year,
without taking into account the impact of the Euro / US Dollar foreign
exchange translation rates. We expect the version 7 launch to increase
license sales and be equivalent to or higher than 2008.
As a result, the current operating income for the second half of 2009 and
the full-year 2009 should be positive. Nevertheless, there is a high degree
of uncertainty concerning this outlook because of the current economic
environment and the uncertainty on the Euro / US Dollar exchange rate.
Dispute with the European Commission
On October 27th, the oral procedure took place in Luxembourg. After the
proceedings the Court declared the oral procedure closed and announced that
the decision date will be communicated to the parties.
About SYSTRAN
SYSTRAN is the market leading provider of language translation software
products and solutions for the desktop, enterprise and Internet.
Use of SYSTRAN products and solutions enhance multilingual communication
and increase user productivity. SYSTRAN delivers real-time language
solutions for search, content management, online customer support, intra or
inter company collaboration, and eCommerce.
With the ability to facilitate communication in 52 language combinations
and in 20 vertical domains, SYSTRAN's software is the choice of leading
global corporations, portals including Apple, Yahoo! and AltaVista, and
public agencies such as the US Intelligence Community and the European
Commission.
SYSTRAN has been pioneering advances in machine translation for over four
decades. Its latest achievement, SYSTRAN Hybrid MT, combines the
predictability and language consistency of rule-based machine translation
with the fluency of statistical MT.
SYSTRAN is headquartered in Paris, France with a North American office
located in San Diego, California, USA.
SYSTRAN (Code ISIN FR0004109197, Bloomberg: SYST NM, Reuters: SYTN.LN) is
listed on EuroNext Paris, Compartiment C.
For more information, visit www.systransoft.com
Revenue for the fourth quarter 2009 ending on December 31st, 2009 and
annual results for 2009 will be announced on February 12th, 2010.
This Press Release is available for download at:
http://www.systransoft.com/systran/investors/press-releases
This information is provided by HUGIN
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