SYSTRAN : First Semester 2009 Interim Report
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PARIS, Jul 30 (MARKET WIRE) --
SYSTRAN, the leading provider of language translation technologies, today
announced its consolidated financial results for the first semester ended
June 30th, 2009.
Consolidated and Audited 1st semester 1st semester Annual change
Accounts (in EURO) 2009 2008 2009 / 2008
----------------------------------------------------------------------
Sales 3,858 3,637 +6.1%
Operating Income -111 39 na
% na +1.1%
Net Income - Group's share -317 -322 +1.25%
% na na
In spite of the difficult economic environment, consolidated sales
for the first half of the year amounted to 3,858 EURO, an increase of
6.1% as compared with the first semester 2008, due to the significant
growth of Professional Services.
Operating income amounted to -111 EURO as compared with 39 EURO in 2008.
During this period SYSTRAN continued to invest in R&D and sales to support
the launch of its new version SYSTRAN Enterprise Server 7.
Net loss amounted to 317 EURO as compared with a net loss of 322 EURO for
the six first months of 2008.
The Company's cash position was 8,852 EURO on June 30th, 2009, as compared
with 9,534 EURO on December 31st, 2008.
Activities - First Semester 2009
1st In 1st In Annual
In EURO semester % semester % change
2009 of total 2008 of total 2009 / 2008
------------------------------------------------------------------------
Software Publishing 2,270 58.8% 2,927 80.5% - 22.4%
Professional Services 1,588 41.2% 710 19.5% + 123.7%
Consolidated Sales 3,858 100.0% 3,637 100.0% + 6.1%
Sales generated from software licenses totaled 2,270 EURO, a decrease
of 22.4% as compared with the first semester of 2008. This decrease is the
result of a decline in Desktop Product sales as the current version 6
desktop products near the end of its lifecycle.
Professional Services sales amounted to 1,588 EURO as compared with 710
EURO for the same period last year, an increase of 123.7%. This reflects
the impact of new orders received from the US Federal Government in 2008.
During the first semester of 2009 SYSTRAN launched the new version 7 of
its Server Products including its new hybrid machine translation engine.
Specially designed to meet enterprises needs, this new version provides
better translations by combining the advantages of linguistic technology
with self-learning statistical techniques. This launch occurred during the
second quarter and had little impact on this period's license revenue.
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 growth demonstrated during the first half of the year should continue,
without taking into account the impact of the Euro / US Dollar foreign
exchange translation.
We expect version 7 launch to increase license sales during the second
quarter and be equivalent or higher to 2008.
Professional Services sales for the second semester should be equivalent
or slightly lower than the second semester of 2008.
As a result, the current operating income for the second half of 2009 and
the year 2009 should be positive. Nevertheless, there is a high degree of
uncertainty concerning this outlook because of the current economic
environment and the absence of visibility on the Euro / US Dollar exchange
rate.
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: sabatakakis@systran.fr
Results for the third quarter of 2009 will be announced on November
6th, 2009.
This Press Release is available for download at:
http://www.systransoft.com/systran/investors/press-releases
Half-Year financial report is available for download
at:
http://www.systransoft.com/systran/investors/financial-report/half-year
1stsemester 1stsemester
2009 2008
(In EURO) (6 months) (6 months)
---------- ----------
Net sales 3,858 3,637
Other operating revenue 0 0
Total revenue from operations 3,858 3,637
Cost of sales and other
external expenses (1,289) (1,304)
Taxes and duties (95) (94)
Wages and salaries (2,512) (2,029)
Amortization (net) (149) (162)
Other income / (expenses) 77 (4)
Current operating income (110) 44
Other operating income / (expenses) (1) (5)
Operating income (111) 39
Financial income from cash activities 94 (273)
Financing expenses (6) (6)
Net finance costs 88 (279)
Profit before income taxes (23) (240)
Income tax expenses (287) 16
Profit for the period (310) (224)
Other comprehensive income / expenses (7) (98)
Total comprehensive income for the
period (317) (322)
Total comprehensive income for the
period attributable to: owners of
the company
Owners of the company (310) (224)
Minority interest 0 0
Total comprehensive income for the
period (317) (322)
Basic earnings per share (0.03) (0.03)
Diluted earnings per share (0.03) (0.03)
Contact
Dimitris SABATAKAKIS
Chairman & CEO
Telephone: +33 (0)1 47 96 86 86
Fax: +33 (0)1 46 98 00 59
Email: Email Contact
Copyright 2009, Market Wire, All rights reserved.
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