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- Pressemitteilung BoxID 505483
SYSTRAN : First Quarter 2012 Revenue Release
Sales grew by 3.8% compared with the first quarter 2011
(PresseBox) (Paris, )
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First Quarter 2012 Activities
During the first quarter, SYSTRAN sales amounted to 2,554 K€ as compared with 2,460 K€ for the first quarter of 2011, a 3.8% increase.
License sales amounted to 1,274 K€ as compared with 1,362 K€ in 2011 and represent 49.9% of total sales. Sales for the Professional Services business unit improved when compared with the same period last year.
2012 Outlook
In 2012 SYSTRAN plans to reinforce the sales team to develop revenue in all business segments. SYSTRAN will also launch new cloud services to complement its line of products and services for corporate customers.
Dispute with the European Commission
The Commission has partially complied with the General Court's decision by paying SYSTRAN the amounts of 5,685,240 Euros on February 9, 2011 and 6,315,760 Euros on March 14, 2011. However, despite the Company's repeated requests, the Commission has not paid the costs.
On March 4, 2011, the European Commission brought an appeal before the Court of Justice against the judgment of the General Court which was delivered on December 16, 2010. On May 13, 2011, SYSTRAN filed its response. The European Commission produced its reply on September 9, 2011. SYSTRAN submitted a rejoinder on October 28, 2011. On November 8, 2011, the Court informed the parties that the written procedure was closed. The Court decided to open the oral procedure. The hearing took place on April 19, 2012, and the Advocate General indicated that he intends to deliver his opinion on September 6, 2012. The Court provided no information on the judgment date.
First Quarter 2012 Activities
During the first quarter, SYSTRAN sales amounted to 2,554 K€ as compared with 2,460 K€ for the first quarter of 2011, a 3.8% increase.
License sales amounted to 1,274 K€ as compared with 1,362 K€ in 2011 and represent 49.9% of total sales. Sales for the Professional Services business unit improved when compared with the same period last year.
2012 Outlook
In 2012 SYSTRAN plans to reinforce the sales team to develop revenue in all business segments. SYSTRAN will also launch new cloud services to complement its line of products and services for corporate customers.
Dispute with the European Commission
The Commission has partially complied with the General Court's decision by paying SYSTRAN the amounts of 5,685,240 Euros on February 9, 2011 and 6,315,760 Euros on March 14, 2011. However, despite the Company's repeated requests, the Commission has not paid the costs.
On March 4, 2011, the European Commission brought an appeal before the Court of Justice against the judgment of the General Court which was delivered on December 16, 2010. On May 13, 2011, SYSTRAN filed its response. The European Commission produced its reply on September 9, 2011. SYSTRAN submitted a rejoinder on October 28, 2011. On November 8, 2011, the Court informed the parties that the written procedure was closed. The Court decided to open the oral procedure. The hearing took place on April 19, 2012, and the Advocate General indicated that he intends to deliver his opinion on September 6, 2012. The Court provided no information on the judgment date.
Über SYSTRAN S.A
SYSTRAN is the market leading provider of language translation software products and solutions for the desktop, enterprise and Internet.
Use of SYSTRAN products and solutions enhance multilingual communication and increase user productivity. SYSTRAN delivers real-time language solutions for search, content management, online customer support, intra or inter company collaboration, and eCommerce.
With the ability to facilitate communication in 52+ language combinations and in 20 vertical domains, SYSTRAN's software is the choice of leading global corporations, portals and public agencies.
SYSTRAN has been pioneering advances in machine translation for over four decades. Its latest achievement, SYSTRAN Hybrid MT, combines the predictability and language consistency of rule-based machine translation with the fluency of statistical MT.
SYSTRAN is headquartered in Paris, France with a North American office located in San Diego, California, USA.
SYSTRAN (Code ISIN FR0004109197, Bloomberg: SYST NM, Reuters: SYTN.LN) is listed on EuroNext Paris, Compartiment C.
For more information, visit www.systransoft.com
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