|By Marketwired .||
|November 8, 2012 01:39 PM EST||
PARIS LA DéFENSE CEDEX, FRANCE -- (Marketwire) -- 11/08/12 --
Third Quarter 2012 Revenue Release
November 9(th), 2012 - SYSTRAN, the leading provider of language translation technologies, today announced its consolidated financial results for the third quarter ended September 30, 2012.
+---------------------+---------------------+ | 3rd quarter | Year-to-date | +--------------------------+---------------------+---------------------+ |Consolidated and unaudited|2012 2011 Variation 2012 2011 Variation| |(in KEUR) | 2012/2011 2012/2011| +--------------------------+-------------------------------------------+ |Software Publishing |1,218 1,703 -28.5% 3,951 4,783 -17.4% | | | | |Professional Services |1,249 1,079 +15.8% 3,918 3,268 +19.9% | +--------------------------+-------------------------------------------+ |Consolidated Sales |2,467 2,782 -11.3% 7,869 8,051 -2.3% | +--------------------------+-------------------------------------------+
Third Quarter 2012 Activities
During the third quarter, SYSTRAN sales amounted to 2,467 KEUR as compared with 2,782 KEUR for the third quarter of 2011. Consolidated sales for the first nine months of the year totalled 7,869 KEUR as compared with 8,051 KEUR for the same period last year.
License sales amounted to 1,218 KEUR as compared with 1,703 KEUR in 2011. During the first nine months, sales generated from software licenses totalled 3,951 KEUR, and represent 50.2% of total sales.
Sales for the Professional Services increased when compared with the same period last year. During the first nine months, Professional Services sales totaled 3,918 KEUR, an increase of 19.9% as compared with the same period last year.
SYSTRAN will continue its efforts to develop the Software Publishing business, focusing on Server Product sales to corporate customers. SYSTRAN plans to reinforce the sales team to develop revenue in all business segments. SYSTRAN will also launch new cloud services to complement its line of products and services for corporate customers.
Based on the level of existing orders and the current challenging economic environment, sales for 2012 should be less than 2011.
Dispute with the European Commission
The Court has informed SYSTRAN and the European Commission that the Advocate-General will deliver his conclusions on November 15, 2012 instead of September 27, 2012 as previously scheduled.
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 intercompany 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 and public agencies.
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 of 2012 ending on December 31(st), 2012 and annual results for 2012 will be announced on February 15(th), 2013.
This Press Release is available for download at: http://www.systransoft.com/systran/investors/press-releases
SYSTRAN THIRD QUARTER 2012 REVENUE RELEASE: http://hugin.info/141962/R/1656307/535458.pdf
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SYSTRAN via Thomson Reuters ONE
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