Day Announces Strong Preliminary Third Quarter Financial Results; Content Management Provider Achieves Break Even on Increasing Revenues.Business Editors/High-Tech Writers IRVINE, Calif. & BASEL, Switzerland--(BUSINESS WIRE)--Nov. 4, 2003 Day Software (SWX SWX Swiss Exchange (trademark of SWX Swiss Exchange) SWX SolidWorks (3D solid modeling CAD software) SWX Splitter / Wave Division Multiplexer :DAYN)(SWX:DIHZN), a leading provider of global content management software, today announced preliminary financial results for the quarter ended September 30, 2003. Day expects total third quarter revenue to be approximately CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.5 million, an increase of about 30% over second quarter 2003 revenue. Though the company still expects a small net loss in the third quarter, when adjusting for non-cash item such as depreciation and amortization expense, Day will deliver its first positive earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
"We have been committed to bringing Day to operational profitability for the past two years. Based on our preliminary third quarter results, we believe we are about to achieve this important goal," said Michael Moppert, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of Day Software. "We will continue to focus on profitability and revenue growth for the remainder of 2003 and with market conditions showing slight improvement, we expect modest and profitable growth in 2004." Webcast on November 12, 2003 at 5:00 p.m. Central European Time Central European Time Noun the standard time adopted by Western European countries one hour ahead of Greenwich Mean Time, corresponding to British Summer Time Abbrev: (CET) Day will announce complete details of its third quarter 2003 financial results with a conference call and Webcast on November 12, 2003 at 5 p.m. Central European Time (4 p.m. GMT (Greenwich Mean Time) See UTC. GMT - Universal Time 1 ). The Webcast may be accessed on the investor relations section of Day's Web site: http://www.day.com. Participants who wish to join the conference via phone can dial the following numbers: International: +49 (0) 69 58 99 90 571 From Germany: 0800 22 88 353 International Toll-Free: +800 363 384 64 About Day (www.day.com) Day is a leading provider of integrated content, portal and digital asset management software. Day's technology Communique offers a comprehensive, rapidly deployable framework to unify and manage all digital business data, systems, applications and processes through the web. Communique's content-centric architecture, and its innovative ContentBus, turns the entire business into a virtual repository, bringing together content from any system, regardless of location, language or platform. Day is an international company, founded in 1993, and listed on the Swiss Stock Exchange New Market (SWX:DAYN) since April 2000. Day's customers are some of the largest global corporations and include Audi, DaimlerChrysler, Deutsche Post World Net, General Electric, Intercontinental Hotels Group InterContinental Hotels Group (IHG) (LSE: IHG NYSE: IHG) is a multinational company which operates several hotel brands. The largest hotel company by number of rooms (556,000 as of March 2007 [1]), its headquarters are in Windsor just outside Greater London and , McDonald's, UBS and Volkswagen. |
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