Beta Systems shows dynamic growth of both licenses and services revenues in the first quarter of 2007
Berlin, May 9, 2007 (euro adhoc) -
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finances/quarterly report
In the first quarter of 2007, Beta Systems is continuing the positive trend seen in the second half of the 2006 fiscal year and raised profit considerably as against the previous year period. This increase resulted, on the one hand from the dynamic growth in license and service operations, as well as, on the other, sustained optimisation of the cost structure.
Key financial data for Q1/2007 . License revenue climbs by 32.6% to E 5.9 million (Q1/2006: E 4.5 million) . Services revenue climbs by 19.5% to E 3.6 million (Q1/2006: E 3.0 million) . Total revenue of approximately E 21 million (Q1/2006: E 21.8 million) stable despite scheduled substantial reduction in revenue from hardware (down -64.4% to E 1.1 million as against 2006) . Sharp increase in the cash flow from operating activities to E 8.5 million (Q1/2006: E 5.4 million) . Earnings before interest and tax (EBIT) rises E 2.9 million to E -0.7 million (Q1/2006: E -3.0 million) . Quarterly result increases to E -0.9 million / E -0.10 per share (Q1/2006: E -1.5 million / E -0.17 per share)
Comment by the Chief Executive Officer "Beta Systems was very successful in the first quarter of 2007. The double- digit growth rate in our license and software business is clear evidence of the consistent implementation of measures to refocus sales operations and, in particular, of our increasingly stronger market position as a strategic IT partner to major customers in the European financial services sector," stated Kamyar Niroumand, Chief Executive Officer (CEO) of Beta Systems Software AG.
Gernot Sagl, Chief Financial Officer (CFO) of Beta Systems Software AG, added the following comment: "Proof of the result of our stringent cost management was delivered by our much leaner cost structure which, coupled with gratifying sales, enabled us to improve results considerably. We are working steadily on optimising our structures and processes and have come a long way towards our goal of achieving a sustained turnaround in 2007."
Outlook for the fiscal year 2007 confirmed The results of operations in the first quarter underpin guidance given at the start of fiscal 2007. The Management Board anticipates a slight increase in revenues in fiscal 2007 from measures focusing specifically on sales operations as part of the corporate strategy. This will be flanked by a significant growth in the software license and services business and a further decline in revenue from hardware. Owing to the sustained streamlining of the cost structure, management currently anticipates a durable positive profit situation in the course of the remaining year and that an EBIT margin in the single-digit range will be achieved in fiscal 2007.
Key operational highlights . BETA SYSTEMS PLANS CASH CAPITAL INCREASE . Launch of new Beta 96 Enterprise Compliance Auditor product . Presentation of solutions for the automation of business processes of financial institutions . Beta Systems and Lufthansa Systems sign cooperation agreement . Deutsche Post In Haus Service GmbH decides in favor of mail scanning technology by Beta Systems . Beta Systems' Partner Days 2007 in Berlin brought to a successful conclusion . SAP certifies FrontCollect Invoice
End of announcement
Beta Systems Software AG, Berlin, Germany Beta Systems Software AG (Prime Standard: BSS) develops high-quality software products and solutions for the secure and efficient processing of large quantities of data, and is one of the leading medium-sized, independent, European software solution providers in its market segment. Its software products and solutions sup-port customers in the automation, safeguarding and traceability of their business processes within the three core areas of document management (Enterprise Content Management business area), user management (Identity Management business area) and information management in data processing centres (Data Centre Infrastructure business area).
The company has been listed on the stock exchange since 1997, and currently employs around 625 staff, mainly in the competence centres of Berlin (company headquarters), Cologne, Augsburg and Calgary. In addition to this, Beta Systems is internationally active with 17 wholly-owned subsidiaries and numerous partner companies. Among its worldwide total in excess of 1,300 customers with over 3,000 running installations are major businesses in the fields of financial services, industry, commerce, logistics and IT services, in Germany, Europe and the USA. For more information, please visit www.betasystems.com.
end of announcement euro adhoc 09.05.2007 07:30:00
Further inquiry note:
Contacts
|Corporate: |Agency:
|Beta Systems Software AG |HBI PR&MarCom GmbH
|Arne Bassler |Alexandra Osmani, Alexandra Janetzko
|Tel.: +49 (0)30 726 118-170 |Tel.: +49 (0)89 99 38 87-0
|Fax: +49 (0)30 726 118-881 |Fax: +49 (0)89 930 24 45
|E-Mail: |E-Mail: alexandra_osmani@hbi.de;
|arne.bassler@betasystems.com |Alexandra_Janetzko@hbi.de
Branche: Software
ISIN: DE0005224406
WKN: 522440
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade