Day Reports Financial Results for First Quarter for Fiscal Year 2007.Company Announces Record Profitability and Revenue Growth BASEL, Switzerland -- Day Software Holding AG (SWX SWX Swiss Exchange (trademark of SWX Swiss Exchange) SWX SolidWorks (3D solid modeling CAD software) SWX Splitter / Wave Division Multiplexer :DAYN)(OTCQX:DYIHY), a leading provider of global content management software, today announced financial results for the first quarter ending March 31, 2007. Financial Summary: (numbers reported are year-over-year) * 24% Revenue Increase * 48% License Revenue Increase * 38% Net Income Increase * 35% Increase in Cash Flow from Operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses The Company reported a record first quarter, achieving a 24% growth in total revenue over the same period in 2006. Revenues for the first quarter totaled 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. 6.4 million, compared with revenues of CHF 5.2 million for the first quarter of 2006. License revenues increased by 48% over last year, totaling CHF 3.1 million, compared with license revenues of CHF 2.1 million for the same period last year. The Company increased its gross profit to CHF 4.8 million compared to CHF 4.1 million for the same period in the previous year. Net income for Q1, 2007 was CHF 1.3 million compared to TCHF 915 in Q1, 2006. Cash flow from operations improved to CHF 2.4M in the current quarter from CHF 1.7M for the same period in the prior year. "The strong first quarter results will enable us to drive further growth in 2007. We are making investments in all key areas of the company, including sales and marketing, research and development, and customer support," 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. "Three elements are driving this growth: The market for content management solutions is healthy, as every major company today recognizes the need for a solid technology platform to implement a long-term enterprise content strategy. The ongoing market consolidation in our industry continues to reduce the number of competitors. And thirdly, as the leader of the new standard for our industry, Day continues to innovate, demonstrated by our recent development of a new, unique suite of products." The Company continues to expand its product portfolio with solutions that include the industry's first standards-based Digital Asset Management system. Known as CQ DAM, the product will be available in Q2, 2007. Day is also increasing its activity with technology partners to grow its OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and business, and has plans to further expand its own sales force. Day added several new customers in Q1, 2007, representing a number of key vertical markets. In the telecommunications sector, Day added Vodafone and E-Plus. Vodafone is the largest mobile telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. company in the world, with 198.6 million customers. Vodafone chose Day to expand their Web-based communication channels to support their customers with mobile voice, paging, data and Internet services. E-Plus is one of Germany's largest mobile phone companies. E-Plus will use Day's technology to help attract revenue from the fixed network to the mobile network, making the mobile phone a user's preferred device for making calls. Other new customers in key verticals include General Motors with Opel in the automotive sector. Opel's first project using Day's technology will be the creation of an online platform for pre-owned cars. In the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, Day added Zurich Cantonalbank, Switzerland's third largest bank. Also in the first quarter, Day expanded its presence in the public sector with Thales Group in Germany. Thales is a leading international electronics and systems group, serving defense, aerospace and security markets worldwide. Thales represents a new CRX CRX Civic Renaissance Model X (Honda automobile model) CRX Cone-Rod Homeobox-Containing Gene CRX Civic Renaissance Experimental (Honda) (Content Repository Extreme) enterprise account for Day. In the US, AARP AARP, a nonprofit, nonpartisan national organization dedicated to "enriching the experience of aging"; membership is open to people age 50 or older. Founded in 1958 by Ethel Percy Andrus as American Association of Retired Persons, AARP now has over 30 million is redeploying all of their Web channels leveraging Day's Communique. The non-profit, non-partisan membership organization assisting people 50+ years of age chose Day for the exceptional flexibility and multi-language capabilities of its solutions. Several of Day's existing customers made additional investments in its technology including, Swiss Post, Sauter AG, Kyocera and Voestalpine. The Company continued to generate channel revenues in the first quarter of 2007 from agreements with industry leaders such as IBM/FileNet, FAST and Oracle, among others. Day's OEM agreement with FileNet provides Web Content Management capabilities for the FileNet P8 platform, enabling FileNet's customers to leverage the power of Java Content Repository (JCR JCR Journal Citation Reports JCR Java Content Repository (IBM) JCR Junior Common Room (British university term) JCR Journal of Clinical Rheumatology JCR Journal of Circadian Rhythms )-standard technology and new Web-centric innovations within the FileNet P8 platform. Day's agreement with Oracle delivers a JCR-compliant (JSR JSR Java Specification Request JSR J Sargeant Reynolds Community College (Virginia) JSR Journal of Sedimentary Research JSR Jump to Subroutine (6502 processor instruction) 170) connectivity to legacy repositories, providing standardized access. With FAST, Day provides both connectivity and JSR 170 enablement for FAST's enterprise search products. Also in the first quarter the Company released a series of standards-based connectors that enable customers to leverage enterprise content that resides in legacy repositories from EMC/Documentum, Interwoven in·ter·weave v. in·ter·wove , in·ter·wo·ven , inter·weav·ing, inter·weaves v.tr. 1. To weave together. 2. To blend together; intermix. v.intr. , Lotus, MS Sharepoint, Vignette and others. In addition Day awarded "Data Migration" certification to the Quatico Content Importer (QCI QCI Queen Charlotte Islands QCI Quality Control Inspection QCI Quadratic Configuration Interaction QCI Quality Council of India QCI Quality Control Information QCI Quality Control Index QCI Quality Conformance Inspections ) to provide efficient, cost-effective migrations of legacy data from OpenText/Obtree C4 into Day Communique. This certification will ensure that former Obtree customers can seamlessly upgrade to Day Communique. 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. Day is an international company, founded in 1993, and listed on the SWX Swiss Exchange SWX Swiss Exchange An all-electronic securities exchange formed from the 1995 merger of exchanges in Geneva, Basel, and Zurich. The exchange offers trading in equity securities, investment funds, exchange-traded funds, bonds, Eurobonds, and options. (SWX:DAYN) since April 2000. Day shares are also traded Over the Counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) in the form of American Depositary Receipts American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (OTCQX:DYIHY). Day's customers are some of the largest global corporations and include Audi, DaimlerChrysler, Deutsche Post World Net, Deutsche Bank, 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 and Volkswagen. 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. The English text of this press release represents the binding version. |
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