SOURCE: SYSTRAN

November 04, 2010 14:07 ET

SYSTRAN : Third Quarter 2010 Revenue Release

Leading Provider of Language Translation Technologies

PARIS--(Marketwire - November 4, 2010) - www.systransoft.com

SYSTRAN, the leading provider of language translation technologies, today announced its consolidated revenue for the third quarter ended September 30, 2010.

+-------------------------+--------------+--------+--------------------+
|                         |  3rd quarter |        |                    |
+-------------------------+--------------+--------+--------------------+
|Consolidated and         |              |        |                    |
|unaudited (in K€)        |              |        |                    |
+-------------------------+--------------+--------+--------------------+
|                         |         2010 |   2009 |Variation 2010 /    |
|                         |              |        |2009                |
+-------------------------+--------------+--------+--------------------+
|Software Publishing      |        1,386 |  2,431 |-43.0 %             |
+-------------------------+--------------+--------+--------------------+
|Professional Services    |          960 |    736 |+ 30.4 %            |
+-------------------------+--------------+--------+--------------------+
|Consolidated Sales       |        2,346 |  3,167 |- 25.9 %            |
+-------------------------+--------------+--------+--------------------+

+-------------------------+---------------+--------+--------------------+
|                         |  Year-to-date |        |                    |
+-------------------------+---------------+--------+--------------------+
|Consolidated and         |               |        |                    |
|unaudited (in K€)        |               |        |                    |
+-------------------------+---------------+--------+--------------------+
|                         |          2010 |   2009 |Variation 2010 /    |
|                         |               |        |2009                |
+-------------------------+---------------+--------+--------------------+
|Software Publishing      |         4,313 |  4,701 |- 8.3 %             |
+-------------------------+---------------+--------+--------------------+
|Professional Services    |         2,184 |  2,324 |- 6.0 %             |
+-------------------------+---------------+--------+--------------------+
|Consolidated Sales       |         6,497 |  7,025 |- 7.5 %             |
+-------------------------+---------------+--------+--------------------+
Third Quarter 2010 Activities

Consolidated sales for the third quarter amounted to 2.346 K€. Consolidated sales for the first nine months of the year totalled 6,497 K€ as compared with 7,025 K€ for the same period last year.

During the first nine months, sales generated from software licenses totalled 4,313 K€, a decrease of 8.3% as compared with the first nine months of 2009. But it is important to note that license sales for third quarter of 2009 included US federal government customer upgrades to version 7. Despite these upgrades, license sales for the first nine months of 2010 increased by 26.1% compared to 2009 due to the acquisition of more than 20 new corporate customers.

During the first nine months, Professional Services sales totalled 2.184 K€, a decrease of 6.0% as compared with the first nine months of 2009. Professional Services sales were up 30.4% over the third quarter 2009 and exceeded sales over each of the last four quarters.

Outlook

SYSTRAN plans to focus its investments and commercial initiatives in developing our server solution SYSTRAN Enterprise Server 7 product sales to corporate customers.

During the fourth quarter of 2010, SYSTRAN plans to release the new version 7 of its Desktop product line. This new desktop version will bring major innovations. It intelligently uses existing documents stored on PCs to learn user terminology and linguistic specificities. The SYSTRAN 7 Desktop product line is a productivity-enhancing tool that quickly and efficiently translates documents.

We expect full-year sales for 2010 to be higher than 2009 and the current operating income for the second half of 2010 and the full year 2010 to be positive. Our outlook is tempered by a high degree of uncertainty attributable to the current economic environment and the volatility of the Euro / US Dollar foreign exchange.

Dispute with the European Commission

On June 29th 2010, 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 fourth quarter 2010 ending on December 31st, 2010 and annual results for 2010 will be announced on February 11th, 2011.

This Press Release is available for download at:

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

This information is provided by HUGIN

Contact Information

  • Contact
    Dimitris SABATAKAKIS
    Chairman & CEO
    Telephone: +33 (0)1 47 96 86 86
    Fax: +33 (0)1 46 98 00 59
    Email: sabatakakis@systran.fr