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SYSTRAN : First Quarter 2010 Revenue Release PDF Print E-mail
Posted by mincho2008   
Saturday, 08 May 2010
First Quarter 2010 Revenue Release

+10.9% compared with the first quarter 2009

+14% excluding exchange rate effect

May 7th, 2010 - SYSTRAN, the leading provider of language translation technologies, today announced its consolidated financial results for the first quarter ended March 31, 2010.

+-------------------------+------+--------------+------+--------------+
|Consolidated data (in    |2010  |In % of total |2009  |In % of total |
|thousands of Euros)      |      |              |      |              |
+-------------------------+------+--------------+------+--------------+
|Software Publishing      |1,412 |       71.7 % |1,012 |       57.0 % |
+-------------------------+------+--------------+------+--------------+
|Professional Services    |  558 |       28.3 % |  765 |       43.0 % |
+-------------------------+------+--------------+------+--------------+
|Consolidated sales       | 1,97 |      100.0 % |1,777 |      100.0 % |
+-------------------------+------+--------------+------+--------------+

+-------------------------+--------------------+
|Consolidated data (in    |Annual change       |
|thousands of Euros)      |2010/2009           |
+-------------------------+--------------------+
|Software Publishing      |+39.5%              |
+-------------------------+--------------------+
|Professional Services    |-27.1%              |
+-------------------------+--------------------+
|Consolidated sales       |+10.9%              |
+-------------------------+--------------------+
First Quarter 2010 Activities

During the first quarter, SYSTRAN sales grew by 10.9% despite the economic slowdown. Sales amounted to 1,970 K€ as compared with 1,777 K€ for the first quarter of 2009.

As a result of SYSTRAN Enterprise Server 7 product sales to corporate customers, license sales amounted to 1,412 K€ as compared with 1,012 K€ in 2009 and represents 71.7% of total sales for the first quarter of 2010.

Sales for the Professional Services business unit decreased when compared with same period last year.

During the first quarter of 2010, SYSTRAN announced the release of a new add on product for SYSTRAN Enterprise Server 7: SYSTRAN Training Server. This new product allows corporate customers to reuse existing translated texts and produce customized translations tailored to their business domain/industry. SYSTRAN Training Server will likely accelerate the adoption of Machine Translation software by corporate customers as the software "trains" on bilingual texts to learn enterprise-specific terminology and enhances translation quality. This results in significant savings in post-editing translations.

2010 Outlook

SYSTRAN will focus its investments and commercial effort in developing sales to corporate customers.

During the summer of 2010, SYSTRAN plans to release the new version 7 of its Desktop product line. This new desktop version will bring major innovations. It intelligently uses existing documents stored on PCs to learn user terminology and linguistic specificities. More than a simple gisting tool, the SYSTRAN 7 desktop product line is a productivity-enhancing software tool that quickly and efficiently translates documents.

Dispute with the European Commission

On February 24th, 2010 the Court announced a decision is likely to be rendered before summer. On March 26th, 2010 the Court reopened the oral proceedings and sent the parties questions. SYSTRAN answered the Court on May 5th, 2010.

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

Contact

Dimitris SABATAKAKIS, Chairman & CEO

Telephone: +33 (0)1 47 96 86 86 Fax: +33 (0)1 46 98 00 59

Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Results for the first semester of 2010 will be announced on July 30th, 2010.

This Press Release is available for download at:

http://www.systransoft.com/systran/investors/press-releases

 
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