SYSTRAN: Third Quarter 2006 Revenue Release.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 , (Pink Sheets:SYTRF) (Paris:RAN) (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) the leading provider of language translation technologies today announced its consolidated revenue for the third quarter ended September 30, 2006. [TABLE OMITTED] Third Quarter 2006 Activities Consolidated sales for the third quarter were 2,206 Ke1/4, a decline of 3.8% as compared with the same period last year. Consolidated sales for the first nine months of the year were 6,539 Ke1/4, a decline of 3.9% as compared with the same period last year. Software license revenues decreased by 12% as compared with the same period last year, and currently account for 66.6% of total consolidated sales for the first nine months of this year. This decrease is the result of the delayed release of the upcoming version 6 product line and delayed purchases from corporate customers. Professional Services were 2,187 Ke1/4 for the first nine months, an increase of 17.4% as compared with the same period last year. This increase is due to additional contracts received from the US Federal Government and to new contracts for existing corporate customers in the USA. During the quarter, SYSTRAN continued to develop the upcoming version 6 product line designed for Microsoft Windows Vista[TM] and 2007 Microsoft Office System, and increased staffing of the development, quality assurance, sales, and marketing teams. Outlook The version 6.0 product line designed for Microsoft Windows Vista[TM] and 2007 Microsoft Office System is now scheduled for release during the first quarter of 2007. Therefore, SYSTRAN currently expects that its annual margin will be consistent with the annual margin announced on August 4th, 2006. SYSTRAN remains confident that revenue will grow and that the operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: will increase in 2007 due to investments in the development of the version 6.0 product line and to supplementing the sales and marketing staff. Dispute with the European Commission On September 28, 2006, the European Ombudsman provided his decision concerning SYSTRAN's complaint of July 28th, 2005 against the European Commission. For more details please read the SYSTRAN press release available for download at: http://www.systransoft.com/company/newsroom/pr/index.html About SYSTRAN SYSTRAN is the market leading provider of language translation software products and solutions for the desktop, enterprise and Internet that facilitate communication in 40 language combinations and in 20 vertical domains. With over three decades of expertise and research and development, SYSTRAN's software is the choice of leading global corporations, portals including AltaVista[TM], Google[TM], Yahoo![R], and Orange, and public agencies like the US Intelligence Community and the European Commission. Use of SYSTRAN products and solutions enhance multilingual communication and increase user productivity and time-savings for B2E B2E Business to Employee B2E Business to Enterprise , B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business and B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. market segments as they deliver real-time language solutions for search, content management, online customer support, intra or inter company collaboration, and eCommerce. SYSTRAN is headquartered in Paris, France with a North American office located in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , USA. SYSTRAN (Code ISIN FR0004109197, Bloomberg: SYST SYST System SYST Shut Your Stinkin' Trap NM, Reuters: SYTN SYTN Shema Yisrael Torah Network .LN) is listed on EuroList Paris, Compartiment C, and is member of Euronext's Next Economy segment. For more information, visit www.systransoft.com Revenue for the fourth quarter 2006 ending on December 31st, 2006 and annual results for 2006 will be announced on February 14th, 2007. This Press Release is available for download at: http://www.systransoft.com/company/investors/financial_releases.html |
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