The i-Technology Media!
Register | Log in
   
 
.NET  ·  AJAX  ·  CLOUD  ·  ECLIPSE  ·  FLEX  ·  OPEN WEB  ·  iPHONE  ·  JAVA  ·  LINUX  ·  OPEN SOURCE  ·  ORACLE  ·  PBDJ  ·  SEARCH  ·  SILVERLIGHT  ·  SOA  ·  VIRTUALIZATION  ·  WEB 2.0  ·  WIRELESS  ·  XML
Comments
Drool, Britannia? Is the UK Failing the Cloud?
By Roger Strukhoff
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
Jan. 8, 2012 11:38 AM EST
read more & respond »
Cloud Expo on Google News
Did you read today's front page stories & breaking news?

Cloud Expo & Virtualization 2011 West
Keynotes
Oracle
Opening Keynote | An Enterprise Cloud for Business-Critical Applications
Abiquo
Day 2 Keynote | The Enterprise Cloud Tightrope - Balancing for Success
Akamai
Day 3 Keynote | The DNA of an Enterprise Cloud
DIAMOND SPONSOR:
Oracle
Many Clouds, Many Choices'Cloud
PLATINUM PLUS SPONSORS:
Abiquo
Enterprise Cloud Best Practices - Town Hall - Join the discussion…
PLATINUM SPONSORS:
Intel
Progressing Toward the Federated, Automated and Client-Aware Cloud
New Relic
How to build an app with Twitter-like throughput
Rackspace
Computing in the Cloud Era
GOLD SPONSORS:
Gale Technologies
Practical Cloud Migration
IBM
Re-think IT. Re-inventing Business.
Intel/McAfee
Identity Driven Security in the Cloud
PerspecSys
Hackers Hackers Everywhere, Is My Public Cloud That Safe?
Red Hat
Unlock the Value of the Cloud
SHI
Mission Critical Applications and the Cloud - Myth or Reality?
SoftLayer
Not Your Grandpa's Cloud
Terremark
Integrating Enterprise Clouds
VMware
Upgrade to a vCloud
POWER PANELS:
Cloud Expo Silicon Valley: CTO Power Panel
Cloud Expo Silicon Valley: CEO Power Panel
Cloud Expo Silicon Valley: Cloud SuperStars Panel
Cloud Expo Silicon Valley: CloudNOW Panel
Click For 2010 West
Event Webcasts
Cloud Expo & Virtualization 2011 East
DIAMOND SPONSOR:
Dell
Dell & VMware Deliver the Enterprise Hybrid Cloud
PLATINUM PLUS SPONSORS:
Abiquo
Are Financial Services Organizations Risking Security by Avoiding Cloud Computing?
Oracle
From Consolidation to Enterprise Private PaaS
PLATINUM SPONSORS:
Intel
Driving the Transformation to Next Generation Cloud Data Centers
Rackspace
The Inevitability of an Open Cloud
GOLD SPONSORS:
CA Technologies
Follow YOUR path to Cloud Computing
Interxion
Who Keeps the Cloud in the Air?
Microsoft
Patterns for Cloud Computing
PerspecSys
War in the Clouds: Are you ready?
ServiceMesh
The Big Win: Stop Playing Small-Ball with Your Cloud Strategy
Terremark
Evaluating Enterprise Clouds
Xiotech
Cloud Storage: Myths and Realities
POWER PANELS:
Cloud Expo New York: CTO Power Panel
Cloud Expo New York: CEO Power Panel
Cloud Expo New York: CMO Power Panel
Cloud Expo New York: Wrap-Up Power Panel
Click For 2010 West
Event Webcasts
Live Google News by SYS-CON!
Top Three Links You Must Click On


From the Wires
SYSTRAN : Annual Results 2009

By: Marketwire .
Feb. 11, 2010 01:24 PM

PARIS -- (Marketwire) -- 02/11/10 -- Annual Results 2009

- Consolidated Sales: 8,564 K€

- Net Income: 304K€

SYSTRAN, the leading provider of language translation technologies, today announced its consolidated financial results for the year ended December 31, 2009.

+-------------------------+--------+--------+---------------+
|Consolidated and Audited |   2009 |   2008 |  Annual Change|
|Accounts                 |        |        |               |
+-------------------------+--------+--------+---------------+
|(in K€)                  |  (IFRS)|  (IFRS)|    2009 / 2008|
+-------------------------+--------+--------+---------------+
|Sales                    |   8,564|   7,649|           +12%|
+-------------------------+--------+--------+---------------+
|Current Operating Income |      28|     -72|             NA|
|(Loss)                   |        |        |               |
+-------------------------+--------+--------+---------------+
|%                        |      NA|      NA|               |
+-------------------------+--------+--------+---------------+
|Net Income (Loss) -      |     304|  -7,107|             NA|
|Group's Share            |        |        |               |
+-------------------------+--------+--------+---------------+
|%                        |    3.5%|      NA|               |
+-------------------------+--------+--------+---------------+

SYSTRAN's consolidated sales amounted to 8.56 million Euros in 2009, an increase of 12% as compared with 2008.

In 2009, salaries and wages and other expenses increased respectively by 16.9% and 6.5%. Consolidated current operating income amounted of 28,000 Euros as compared with a loss of 72,000 Euros in 2008. A significant share of the salaries and wages are dedicated to research and development in which the Company continues to dedicate 20 to 25% of its annual sales. Despite losses on the foreign exchange rate, the Company recorded positive financial income from gains and interest earned on investments. Taxes are attributed to SYSTRAN Software, Inc. and SYSTRAN S.A. recorded a tax-credit related to its research and development activities.

Consolidated net income amounted to 304,000 Euros in 2009 versus a loss of 7.11 million Euros in 2008 resulting from the depreciation of intangible assets.

Total shareholders' equity amounted to 15.02 million Euros as compared with 15.28 million Euros as of December 31, 2008. The Company has no significant debt and the Company's net cash position increased to 11.2 million Euros at December 31, 2009, as compared with 9.3 million Euros on December 31, 2008.

Activities - 2009

+-----------------------+------+----------+-------+--------+--------------+
|                       | 2009 |     In   |  2008 |   In   | Annual Change|
+-----------------------+------+----------+-------+--------+--------------+
|  In K€                |      |         %|       |       %|   2009 / 2008|
+-----------------------+------+----------+-------+--------+--------------+
|                       |      |  of total|       |of total|              |
+-----------------------+------+----------+-------+--------+--------------+
|  Software Publishing  | 5,618|     65.6%|  5,758|   75.3%|         -2.4%|
+-----------------------+------+----------+-------+--------+--------------+
|  Professional Services| 2,946|     34.4%|  1,891|   24.7%|        +55.8%|
+-----------------------+------+----------+-------+--------+--------------+
|  Consolidated Sales   | 8,564|    100.0%|  7,649|  100.0%|        +12.0%|
+-----------------------+------+----------+-------+--------+--------------+
+-----------------------+------+----------+-------+--------+--------------+

Total sales amounted to 8.56 million Euros, an increase of 12% as compared with 2008. Professional Services sales increased to 2.94 million Euros while Software Publishing slightly decreased to 5.62 million Euros.

The decrease in Software Publishing sales is attributed to a 44.1% decline in Desktop Product sales. The version 6 of Desktop Product was launched in 2006 and is now at the end of its lifecycle. It will be replaced by a new version in 2010. The launch of the new version 7 of Server Products in 2009 was a success and sales grew by 35.7% compared to 2008.

Professional Services sales increased significantly compared to 2008 and represent 34.4% of total sales. This reflects the impact of new orders received from the US Government in 2008 and 2009.

Outlook

In 2010 SYSTRAN's efforts will focus on the development of the Software Publishing business segment:

- Commercial investment to develop sales of its version 7 Server Products to Corporate customers;

- The release of its version 7 Desktop Products and commercial investment to develop online and channel sales.

As of December 31, 2009 unearned revenue from license sales amounted to 1.0 million Euros as compared with 1.2 million Euros at December 31, 2008.

SYSTRAN also expects that Professional Services with US agencies will remain stable. As of December 31, 2009 total work orders for Professional Services amounted to 0.8 million Euros as compared with 1.4 million Euros at December 31, 2007.

Dispute with the European Commission

The oral procedure took place in Luxembourg on October 27, 2009. After the proceedings the Court declared the oral procedure closed but did not announce any decision date.

About SYSTRAN

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 including Apple, Yahoo! and AltaVista, and public agencies such as the US Intelligence Community and the European Commission.

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

Revenue for the first quarter 2010 ending on March 31, 2010 will be announced on May 7, 2010.

This Press Release is available for download at:

http://www.systransoft.com/systran/investors/press-releases

+-------------------------+-----------+-----------+-----------+
|(In K€)                  | Year 2009 | Year 2008 | Year 2007 |
+-------------------------+-----------+-----------+-----------+
|                         |(12 months)|(12 months)|(12 months)|
+-------------------------+-----------+-----------+-----------+
|Net sales                |      8 564|      7,649|      8,848|
+-------------------------+-----------+-----------+-----------+
|Cost of sales and other  |    (3 019)|    (2,835)|    (2,990)|
|external expenses        |           |           |           |
+-------------------------+-----------+-----------+-----------+
|Wages and salaries       |    (5 020)|    (4,293)|    (4,419)|
+-------------------------+-----------+-----------+-----------+
|Taxes and duties         |      (228)|      (192)|      (189)|
+-------------------------+-----------+-----------+-----------+
|Depreciation and         |      (299)|      (331)|      (303)|
|amortization (net)       |           |           |           |
+-------------------------+-----------+-----------+-----------+
|Other income / (expenses)|         30|       (70)|          7|
+-------------------------+-----------+-----------+-----------+
|Current operating income |         28|       (72)|        954|
+-------------------------+-----------+-----------+-----------+
|Other operating income   |         70|         17|         13|
+-------------------------+-----------+-----------+-----------+
|Other operating expenses |       (58)|   (11,881)|       (50)|
+-------------------------+-----------+-----------+-----------+
|Operating income         |         40|   (11,936)|        917|
+-------------------------+-----------+-----------+-----------+
|Net cost of debt         |        192|        420|      (130)|
+-------------------------+-----------+-----------+-----------+
|Other financial income   |         34|        867|        130|
+-------------------------+-----------+-----------+-----------+
|Other financial expenses |      (130)|      (788)|      (157)|
+-------------------------+-----------+-----------+-----------+
|Net financial income     |         96|        499|      (157)|
+-------------------------+-----------+-----------+-----------+
|Profit before tax        |        136|   (11,437)|        760|
+-------------------------+-----------+-----------+-----------+
|Income tax expenses      |        168|      4,330|         58|
+-------------------------+-----------+-----------+-----------+
|Profit from operations   |        304|    (7,107)|        818|
+-------------------------+-----------+-----------+-----------+
|Minority interest        |          0|          0|          0|
+-------------------------+-----------+-----------+-----------+
|Net income / (loss) -    |        304|    (7,107)|        818|
|Group's share            |           |           |           |
+-------------------------+-----------+-----------+-----------+
|Earning / (loss) per     |           |           |           |
|share                    |           |           |           |
+-------------------------+-----------+-----------+-----------+
|On the basis of the      |  Year 2009|  Year 2008|  Year 2007|
|average number of shares |           |           |           |
|in                       |           |           |           |
+-------------------------+-----------+-----------+-----------+
|circulation:             |           |           |           |
+-------------------------+-----------+-----------+-----------+
|- Number of common shares|  8,940,664|  9,476,208|  9,683,504|
+-------------------------+-----------+-----------+-----------+
|- Euros per share        |       0.03|      -0.75|       0.08|
+-------------------------+-----------+-----------+-----------+

This information is provided by HUGIN

Contact

Dimitris SABATAKAKIS
Chairman & CEO

Telephone: +33 (0)1 47 96 86 86
Fax: +33 (0)1 46 98 00 59

Email: Email Contact

Published Feb. 11, 2010— Reads 673
Copyright © 2010 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
About Marketwire .
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021

SYS-CON Featured Whitepapers

ADS BY GOOGLE

Breaking Java News
Richard F. Aster, Jr. Passes Away
CFIA/Health Hazard Alert - Certain Country Morning Brand Beef Burger & No Name Brand Club Pack Beef Steakettes may Contain E. coli O157:H7 Bacteria
National Coalition Holds Prescription Drug Take-back Day in Palm Springs Ahead of Pain Medicine Scientific Meeting
Media Advisory/REMINDER: Astronaut Chris Hadfield Talks About His Upcoming Mission at AAAS Family Science Days in Vancouver
Harper Government Energizing Future Farm Leaders

ADVERTISE   |   MAGAZINE SUBSCRIPTIONS   |   FREE BREAKING-NEWSLETTERS!   |   SYS-CON.TV   |   BLOG-N-PLAY!   |   WEBCAST   |   EDUCATION   |   RESEARCH

.NET Developer's Journal - .NETDJ   |   ColdFusion Developer's Journal - CFDJ   |   Eclipse Developer's Journal - EDJ   |   Enterprise Open Source Magazine - EOS
Open Web Developer's Journal - OPENWEB   |   iPhone Developer's Journal - iPHONE   |   Virtualization - Virtualization   |   Java Developer's Journal - JDJ   |   Linux.SYS-CON.com
PowerBuilder Developer's Journal - PBDJ   |   SEO / SEM Journal - SJ   |   SOAWorld Magazine - SOAWM   |   IT Solutions Guide - ITSG   |   Symbian Developer's Journal - SDJ
WebLogic Developer's Journal - WLDJ   |   WebSphere Journal - WJ   |   Wireless Business & Technology - WBT   |   XML-Journal - XMLJ   |   Internet Video - iTV
Flex Developer's Journal - Flex   |   AJAXWorld Magazine - AWM   |   Silverlight Developer's Journal - SLDJ   |   PHP.SYS-CON.com   |   Web 2.0 Journal - WEB2
Apache   |   CMS   |   CRM   |   HP   |   Oracle Journal   |   Perl   |   Python   |   Red Hat   |   Ruby on Rails   |   SAP   |   SaaS

SYS-CON MEDIA:   ABOUT US   |   CONTACT US   |   COMPANY NEWS   |   CAREERS   |   SITE MAP
SYS-CON EVENTS:   |  AJAXWorld Conference & Expo  |  iPhone Developer Summit  |  Cloud Computing Conference & Expo  |  SOA World Conference & Expo  |  Virtualization Conference & Expo
INTERNATIONAL SITES:   India  |  U.K.  |  Canada  |  Germany  |  France  |  Australia  |  Italy  |  Spain  |  Netherlands  |  Brazil  |  Belgium
 Terms of Use & Our Privacy Statement     About Newsfeeds / Video Feeds
Copyright ©1994-2008 SYS-CON Publications, Inc. All Rights Reserved. All marks are trademarks of SYS-CON Media.
Reproduction in whole or in part in any form or medium without express written permission of SYS-CON Publications, Inc. is prohibited.
 
close this window