Day Software On Track to Announce Strong Results for Fourth Quarter 2002; Content Management Software Maker to Post Results for Q4 2002.Business Editors & High Tech Wriers NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. & BASEL, Switzerland--(BUSINESS WIRE)--Feb. 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) today announced that it expects a revenue growth for the quarter ending December 31, 2002, of at least 10% over the previous quarter. In addition, Day will report that it has reduced the loss from operations for the fourth quarter to the lowest level since the company went public in April 2000. "We are excited to enter 2003 with a very strong momentum," 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 have delivered steady revenue growth throughout 2002. With the successful launch of our flagship offering, Communique 3.5 last fall, we accelerated this trend. Throughout 2002 we reduced our costs significantly, and we slashed slash v. slashed, slash·ing, slash·es v.tr. 1. To cut or form by cutting with forceful sweeping strokes: slash a path through the underbrush. 2. our loss from operations by over 75% and put the company back on track towards profitability. In 2003 we will extend our solution leadership in the content management space as we continue to address the needs of the world's largest and most successful companies." Day Software is traded on the Swiss Stock Exchange and will announce complete details of its fourth quarter financial results on February 19, 2003. About Day Day Software (SWX:DAYN) is a leading provider of integrated content, portal and digital asset management software. Day enables global enterprises needing real-time agility, to deploy mission-critical content management applications on the web. Day's customers are some of the largest global corporations including General Electric, UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System , Viacom, Degussa, Aral, Hugo Boss, Six Continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. Hotels, and Pfizer. For more information, visit www.day.com. A warning regarding forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. There is currently no public trading market in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. for the Company's stock, and 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 more information, contact: |
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