SYSTRAN: First Semester 2004 Interim Report.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- SYSTRAN SYSTRAN System Analysis Translator -- Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of 1,757 K EUR EUR In currencies, this is the abbreviation for the Euro. 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. : +21.7% +32% at constant exchange rates -- Sales of 5,791 K EUR: +9.8% +16.3% at constant exchange rates SYSTRAN, leading provider of language translation technologies today announced consolidated financial results for the first semester se·mes·ter n. One of two divisions of 15 to 18 weeks each of an academic year. [German, from Latin (cursus) s ended June June: see month. 30, 2004.
Consolidated and Audited 1st semester 1st semester Annual change
Accounts (in K EUR) 2004 2003 2004/2003
published pro forma
==================== =========== =========== ========
Sales 5,791 5,273 + 9.8 %
-------------------- ----------- ----------- --------
Operating Income 1,757 1,444 + 21.7 %
-------------------- ----------- ----------- --------
% + 30.3% + 27.4%
-------------------- ----------- ----------- --------
Net Income
(Group's Share) 1,424 1,235 + 15.3 %
-------------------- ----------- ----------- --------
% + 24.6 % + 23.4 %
-------------------- ----------- ----------- --------
During the first semester 2004, the trend in sales growth for 2003 has continued in both the Software Publishing and Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. business units. Revenue for the first semester 2004 amounted to 5,791 K EUR , reflecting a sales increase of +9.8 % (+16.3% at constant exchange rates). Operating income for the first semester 2004 amounted to +1,757 K EUR, an increase of +21,7% as compared with the first semester 2003. SYSTRAN increased its operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: to +30.3%, as compared with +27.4% for the same period last year. Cash amounted to 7,360 K EUR at June 30, 2004. The operating cash-flow for the reporting period is 1,739 K EUR, as compared with 914 K EUR for the same period last year. New version 5.0 release In July July: see month. SYSTRAN released its new version 5.0 for its family of desktop products. New and in-demand features include PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. documents translation, enhanced customization capabilities as well as one new product targeted for use by Microsoft (Microsoft Corporation, Redmond, WA, www.microsoft.com) The most successful and influential software company. Microsoft's software and Intel's hardware pioneered the PC and revolutionized the computer industry. (R) Office users called SYSTRAN Office Translator 5.0, and two new language pairs: Arabic into/from English and Swedish into/from English. The new 5.0 release is expected to impact 3rd and 4th quarter software sales.
Revenue analysis
1st 1st Annual
Consolidated and Audited semester semester change
Accounts (in K EUR) 2004 2003 2004/
% % 2003
============================= ======== ====== ========= ====== =======
Software Publishing 2,634 45.5% 2,591 49.1% +1.7%
----------------------------- -------- ------ --------- ------ -------
Home & Small Business (HSB) 255 4.4% 305 5.8% -16.4%
Corporate & Administrations 770 13.3% 986 18.7% -21.9%
Resellers 1,055 18.2% 686 13.0% +53.8%
Online Sales 554 9.6% 614 11.6% -9.8%
----------------------------- -------- ------ --------- ------ -------
Professional Services 3,157 54.5% 2,682 50.9% +17.7%
----------------------------- -------- ------ --------- ------ -------
Corporate & Administrations 2,151 37.1% 1,694 32.1% +27.0%
Co-funded 1,006 17.4% 988 18.7% +1.8%
----------------------------- -------- ------ --------- ------ -------
Consolidated sales 5,791 100.0% 5,273 100.0% +9.8%
----------------------------- -------- ------ --------- ------ -------
Software Publishing sales are stable at +1.7%, compared with the first semester 2003. Earnings from the Professional Services business unit continue to expand as revenue increased by +17,7%, as compared with the same reporting period last year. Positive results are due to existing contracts and new orders received from Corporate customers acquired during first semester of 2004. Corporate & Administrations sales rose +9% Sales generated from Corporate & Administrations, comprised of Software licenses In computing, software that is copyrighted and licensed under a software license is done under a variety of licensing schemes. For end-users there are proprietary licenses and there are free software licenses, and there are proprietary Within these schemes are further classifications. and Professional Services, increased by +9% to 2,920 K EUR , as compared with 2,680 K EUR for the first semester 2003. These positive results are due to a high renewal rate for both annual licenses and professional services contracts from existing customers. Co-funded sales are firm Co-funded sales amounted to 1,006 K EUR for the first semester 2004, as compared with 988 K EUR for the first semester 2003. Outlook The new version 5.0 release is expected to have a positive impact on the Software Publishing business unit during the 3rd and 4th quarters. In addition, we plan to launch new online stores, each available in a language other than English, in an effort to further extend the company's online sales reach. The Professional Services business unit has a significant inventory of orders pending completion this year, as follows: 1,9 M EUR for Corporate & Administrations customers, and 0,4 M EUR for Co-funded contracts. About SYSTRAN SYSTRAN is the leading provider of the world's most scalable and modular translation software. SYSTRAN's expertise spans over 30 years of building customized machine translation solutions for large corporations, ISPs, governments and public administrations through open and robust architecture. Its core technology powers translation solutions for the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , PCs and network infrastructures that facilitate communication in 40 language pairs and 20 specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. domains. SYSTRAN's technology is developed under Linux and runs on all Unix platforms, MacOS X and Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. . SYSTRAN is headquartered in France and has a subsidiary in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , USA. SYSTRAN (Code ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. FR0004109197, Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. : SYST SYST System SYST Shut Your Stinkin' Trap NM, Reuters Reuters British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. : SYTN SYTN Shema Yisrael Torah Network .LN) is listed on Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. , Nouveau Marche Nouveau Marche An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies. , and is member of Euronext's Next Economy segment.
Contact: Dimitris SABATAKAKIS, Chairman & CEO
Telephone: 33 (0)1 47 96 86 86
Fax: 33 (0)1 46 98 00 59
sabatakakis@systran.fr
Revenue for the third quarter 2004 ending on September 30, 2004
will be announced on October 27th, 2004.
This Press Release is available for download at :
http://www.systransoft.com/company/investors/financial_releases.html
1st semester 1st semester
2004 2003 2003
(thousands of Euros) (6 month) (6 month) (12 month)
----------------------------------- ----------- ----------- ----------
Sales 5,791 5,273 11,191
Other revenues 4 158 10
----------------------------------- ----------- ----------- ----------
Operating revenues 5,795 5,431 11,201
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Purchases and other external expenses (2,004) (2,011) (4,078)
Taxes and duties (39) (28) (50)
Wages and salaries (1,709) (1,847) (3,919)
----------------------------------- ----------- ----------- ----------
Gross profit / (loss) 2,043 1 545 3,154
----------------------------------- ----------- ----------- ----------
Depreciation and operating
provisions (net) (286) (101) (74)
----------------------------------- ----------- ----------- ----------
Operating income / (loss) 1,757 1,444 3,080
----------------------------------- ----------- ----------- ----------
Financial provisions 0 0
Other financial income / (expense) 110 (56) (135)
----------------------------------- ----------- ----------- ----------
Financial profit / (loss) 110 (56) (135)
----------------------------------- ----------- ----------- ----------
Current profit/ (loss) on ordinary
activities 1,867 1,388 2,945
----------------------------------- ----------- ----------- ----------
Extraordinary income / (loss) (88) (69) (298)
----------------------------------- ----------- ----------- ----------
Income taxes (355) (84) 4
----------------------------------- ----------- ----------- ----------
Net income / (loss) from
consolidated companies 1,424 1,235 2,651
----------------------------------- ----------- ----------- ----------
Goodwill amortization 0
----------------------------------- ----------- ----------- ----------
Consolidated net income / (loss) 1,424 1,235 2,651
----------------------------------- ----------- ----------- ----------
Minorities 0 0 0
----------------------------------- ----------- ----------- ----------
Net income / (loss) applicable to
common shares 1,424 1,235 2,651
----------------------------------- ----------- ----------- ----------
----------------------------------- ----------- ----------------------
Earning / (loss) per share 1st semester 1st semester
2004 2003 2003
----------------------------------- ----------- ----------- ----------
On the basis of the average number
of shares in circulation:
- Number of common shares 9,833,695 9,833,695 9,833,695
- Euros per share 0.14 0.13 0.27
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