SYSTAR : First Quarter Revenue Fiscal Year 2013-2014
(Thomson Reuters ONE via COMTEX) --
First Quarter Revenue Fiscal Year 2013-2014
ST. CLOUD, France and Vienna, VA, October 23th, 2013 - Systar (ISIN: FR0000052854 - SAR), a leading provider of Operational Intelligence software, today announced its revenues for the first quarter of fiscal year 2013-2014 (July-September 2013). Consolidated revenues reached EUR4.1 million, up 18% compared to the same period of the previous year; software revenues grew by a strong 36%.
First Quarter Consolidated Revenues 2013-14 2012-13 Var.
(In Million of Euros)
Software 3.1 2.3 + 36%
Services 1.0 1.2 -15%
Total 4.1 3.5 + 18%
Unaudited and rounded figures IFRS Standards
Some license orders, which had been delayed at the end of last fiscal year with a significant impact on the fiscal year accounts, were eventually finalized during the first quarter of this new fiscal year 2013-2014, thus contributing to the growth of Software revenues, up 36% compared to the first quarter of the previous year.
Services revenues decreased 15% compared to the first quarter 2012-2013. This evolution is consistent with Systar's strategy to focus on Software and on high value-added expertise services (consulting, training) while reducing implementation services which are increasingly provided by an ecosystem of integrators.
Even though the first quarter is traditionally less representative as it corresponds to the reduced activity of the summer months, this quarter's revenues reflect the positive orientation of Systar's activities. In a currently stable market environment, Systar intends to sustain a profitable revenue momentum fueled by the quality of its product offering and in particular the launch of Tornado, Systar's new technology platform for Operational Intelligence.
Revenues and results for the first half of fiscal year 2013-2014,
will be released on February 12th, 2014
Over 180 clients worldwide, including 10 of the world's 15 largest banks, rely on Systar's performance management software to transform their business and IT operations from reactive to proactive, solving problems prior to impacting the business. Systar is widely regarded as the leading provider of Business Activity Monitoring (BAM) solutions and offers innovative Virtualization Management and IT Governance software for physical and virtual server and storage environments. Systar is listed on the NYSE Euronext Paris Stock Exchange (ISIN: FR0000052854-SAR), and has offices in North America and Europe. More information about Systar is available at www.systar.com.
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Systar is a leading provider of Operational Intelligence software
www.systar.com - Information: +33 (0)1 49 11 45 00
NYSE Euronext Paris - ISIN: FR0000052854 (SAR)
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Source: SYSTAR via Thomson Reuters ONE
Systar Revenues - http://hugin.info/141502/R/1737743/582732.pdf
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