ADDING and REPLACING Day Software Reports 80% License Revenue Growth in Q1 2010

* Reuters is not responsible for the content in this press release.

Thu Apr 22, 2010 11:08am EDT

Increases Income Before Tax Margin to 18% and Continues Strong Momentum with
Major New Customer Wins and Installed Base Re-orders
BASEL, Switzerland & BOSTON--(Business Wire)--
Adding to include additional ticker searchability for release dated April 20,
2010. Text of release has not changed. 

The release reads: 

DAY SOFTWARE REPORTS 80% LICENSE REVENUE GROWTH IN Q1 2010

Day Software Holding AG (SIX: DAYN, OTCQX: DYIHY), a leading provider of Web 2.0
content management and content infrastructure software, today announced
financial results for Q1 2010. Day`s results were positively impacted by
expanded sales and marketing efforts in Q1 with stronger-than-expected traction
in the United States, U.K. and with global channel partners, including OEM
partner HP. 

For the quarter, Day reported total (unaudited) license growth of 80% and total
revenue growth of 48%. License growth came from both major new customer wins and
installed base demand for expanded deployments and new product modules following
Day`s latest release of its CQ5 platform in Q1. Day also reported strong
customer renewals with recurring maintenance revenue growing 37%. Income before
tax for Q1 2010 rose to 18%. 

Day`s expanded go-to-market programs strengthened not only operations in the
U.S. and U.K. but also Day`s presence in four of its primary vertical markets.
In Media / Communications, Day added new customers Skype in the U.K., Il Sole 24
in Italy, and BET and New York Media in the United States. In Financial
Services, Day added Scottrade in the United States, HUK Coburg in Germany, and
saw major reorders from existing customers Royal Bank of Scotland (RBS) in the
U.K. and Groupe Mutuel in France. In the Research / Higher Education vertical,
Day expanded its customer community in the United States with the addition of
Radford University and Kentucky University, and in Automotive, Day secured
expanded deployments at General Motors (GM), Daimler, and Audi. 

In Q1 Day also saw accelerated momentum in its Channel and OEM programs. In the
first quarter, Day added two new major interactive agency partners in the United
States, Molecular and Ironworks, continuing Day`s momentum building an ecosystem
of solution providers around its CQ5 platform. In addition, Day saw new revenue
growth from its OEM program, with major OEM customer HP reporting their first
seven customer wins and OEM royalties for their embedded use of Day`s open,
standards-based ECM platform, CRX. 

CEO Erik Hansen commented on Day`s results, "We continue to aggressively take
market share with CQ5 as customers worldwide look to invest in new solutions to
strengthen their global brand, improve online customer experience and
engagement, and drive new sources of revenue from the Web and mobile channels.
Our 2009 investments in sales, marketing, and product led to break-out results
in the U.S. and U.K. and better-than-expected results for Q1. We are also
exceptionally pleased to see the early success our partner HP has enjoyed with
their CRX-based solution." 

Hansen concluded, "We have started off 2010 even better than we closed off 2009,
and will continue investments to further grow our business, with a focus on
bottom-line results. We are looking forward to continued momentum with our new
product releases and sales and marketing programs in 2010." 

Day Software will be hosting its Q1 earnings call tomorrow, April 21st, at 9am
Eastern Daylight Time (EDT) / 3pm Central European Summer Time (CEST) today.
Details can be found on Day`s website at http://www.day.com/earningscall2010q1. 

About Day - www.day.com

Day Software is the ECM pioneer that leading global enterprises rely on for
their Web 2.0 content application and content infrastructure needs. Day`s
Content Repository Extreme (CRX) is the industry`s leading Java Content
Repository (JCR) that provides unique virtualization services to consolidate
legacy repositories and unique cloud computing services to lower IT operational
costs. Day`s CQ5 platform provides industry-leading Web Content Management,
Digital Asset Management, and Social Collaboration in a single, unified suite
and won the 2009 InfoWorld Technology of the Year Award for "Best Web CMS". 

Day is an international company with headquarters in Basel, Switzerland and
Boston, Massachusetts, traded since April 2000 on the SIX Swiss Exchange, and
"Over the Counter" (OTC) as American Depositary Receipts (OTCQX:DYIHY). Day`s
customers are worldwide leading global enterprises, including: Adobe, Audi,
Volkswagen, Daimler, General Motors, Nissan, Newsweek, MTV Networks, Virgin
Media, University of Phoenix, InterContinental Hotels Group, and McDonald`s. 

A warning regarding forward-looking statements

This press release may contain forward-looking statements regarding future
events or the future performance of Day Software Holding AG and its subsidiaries
(the "Company"). Words such as "expects," "plans," "believes," "may," "will,"
and variations of these words or similar expressions are intended to identify
forward-looking statements. These statements speak only as of the date hereof.
Such information is subject to change, and we will not necessarily inform you of
such changes. Actual events or results, of course, could differ materially and
adversely from those expressed in any forward-looking statement. The Company
does not make filings (e.g., Forms 10-K and 10-Q) with the Securities and
Exchange Commission under the Securities Exchange Act of 1934. 

For further information

Summary financial schedules are available on the Investor Relations section of
our web site at http://www.day.com/investors/financialreports.

Day Software AG
Peter Nachbur, +41 61 226 98 98
peter.nachbur@day.com

Copyright Business Wire 2010

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.