SYSTRAN Releases First Quarter 2005 Revenue.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 : --Sales of 2,376 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. : -16.7% compared with the same reporting period in 2004 --Software sales : +26.8% compared with the same quarter last year SYSTRAN, the leading provider of language translation technologies, today announced its consolidated financial results for the first quarter ended March 31, 2005.
In In
% % Annual change
In K EUR 2005 of total 2004 of total 2005 / 2004
---------------------- ------- -------- ------ --------- -------------
Software Publishing 1,843 77.6% 1,453 50.9% + 26.8%
---------------------- ------- -------- ------ --------- -------------
Professional Services 533 22.4% 1,400 49.1% - 61.9%
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Consolidated Sales 2,376 100.0% 2,853 100.0% - 16.7%
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Preliminary Note SYSTRAN began implementing International Financial Reporting Standards International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). (IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System ) for the first time during the reporting period. The practice of IFRS has no impact on revenue. First Quarter 2005 Activities During the first quarter, SYSTRAN focused its efforts on the commercialization and customer service follow-up for the new version 5.0 product line instead of concentrating on new contracts for Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. . The launch of the version 5.0 client-server products positively impacted license sales during the first quarter amounting to 1,843 K EUR, an increase of 26.8% compared with the same quarter in 2004. An increase in sales for the Software Publishing unit, which benefits from better margins, offsets the decrease in sales from Professional Services due to the completion and non-renewal of Co-funded projects and professional services agreements. 2005 Outlook SYSTRAN aims to direct its efforts in the Software Publishing activities. The version 5.0 products allow users to independently customize the software, a task that was exclusively performed through SYSTRAN Professional Services up until the release of version 5.0. The company has reinforced its sales and marketing teams as well as the product development and quality assurance staff and therefore anticipates an increase in license sales for this year. About SYSTRAN SYSTRAN is the leading provider of the world's most scalable and modular translation software. SYSTRAN's expertise spans over three decades of building customized language translation solutions for global corporations, portals, governments and public administrations through open and robust architecture. Its core technology powers language translation solutions for the Internet, PCs and network infrastructures that facilitate communication in 40 language pairs and in 20 specialized domains. SYSTRAN's technology is developed under Linux and runs on all Unix platforms, MacOS X and Microsoft Windows. SYSTRAN is currently developing the following new language pairs: Arabic, Farsi, Hungarian, Polish, Czech, Danish, and Finnish. 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: SYST SYST System SYST Shut Your Stinkin' Trap NM, Reuters: SYTN SYTN Shema Yisrael Torah Network .LN) is listed on Euronext Paris, 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. SYSTRAN is headquartered in Paris, France and has a subsidiary in California, USA. Results for the first semester of 2005 will be announced on August 5th, 2005. This Press Release is available for download at: http://www.systransoft.com/company/investors/financial_releases.html. |
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