Day Software Reports 80% License Revenue Growth in Q1 2010
(Thomson Reuters ONE) -
Day Software Holding AG / Day Software Reports 80% License Revenue Growth in Q1 2010 processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Increases Income Before Tax Margin to 18% and Continues Strong Momentum with
Major New Customer Wins and Installed Base Re-orders
Basel, Switzerland and Boston, Massachusetts - 21 April 2010 - Day Software
Holding AG (SIX: DAYN, OTCQX: DYIHY), a leading provider of Web 2.0 content
management and content infrastructure software, today announced financial
results for Q1 2010. Day's results were positively impacted by expanded sales
and marketing efforts in Q1 with stronger-than-expected traction in the United
States, U.K. and with global channel partners, including OEM partner HP.
For the quarter, Day reported total (unaudited) license growth of 80% and total
revenue growth of 48%. License growth came from both major new customer wins
and installed base demand for expanded deployments and new product modules
following Day's latest release of its CQ5 platform in Q1. Day also reported
strong customer renewals with recurring maintenance revenue growing 37%. Income
before tax for Q1 2010 rose to 18%.
Day's expanded go-to-market programs strengthened not only operations in the
U.S. and U.K. but also Day's presence in four of its primary vertical markets.
In Media / Communications, Day added new customers Skype in the U.K., Il Sole
24 in Italy, and BET and New York Media in the United States. In Financial
Services, Day added Scottrade in the United States, HUK Coburg in Germany, and
saw major reorders from existing customers Royal Bank of Scotland (RBS) in the
U.K. and Groupe Mutuel in France. In the Research / Higher Education vertical,
Day expanded its customer community in the United States with the addition of
Radford University and Kentucky University, and in Automotive, Day secured
expanded deployments at General Motors (GM), Daimler, and Audi.
In Q1 Day also saw accelerated momentum in its Channel and OEM programs. In the
first quarter, Day added two new major interactive agency partners in the United
States, Molecular and Ironworks, continuing Day's momentum building an ecosystem
of solution providers around its CQ5 platform. In addition, Day saw new revenue
growth from its OEM program, with major OEM customer HP reporting their first
seven customer wins and OEM royalties for their embedded use of Day's open,
standards-based ECM platform, CRX.
CEO Erik Hansen commented on Day's results, "We continue to aggressively take
market share with CQ5 as customers worldwide look to invest in new solutions to
strengthen their global brand, improve online customer experience and
engagement, and drive new sources of revenue from the Web and mobile channels.
Our 2009 investments in sales, marketing, and product led to break-out results
in the U.S. and U.K. and better-than-expected results for Q1. We are also
exceptionally pleased to see the early success our partner HP has enjoyed with
their CRX-based solution."
Hansen concluded, "We have started off 2010 even better than we closed off
2009, and will continue investments to further grow our business, with a focus
on bottom-line results. We are looking forward to continued momentum with our
new product releases and sales and marketing programs in 2010."
Day Software will be hosting its Q1 earnings call today, April 21(st), at 9am
Eastern Daylight Time (EST) / 3pm Central European Summer Time (CEST) today.
Details can be found on Day's website at http://www.day.com/earningscall2010q1.
About Day - www.day.com
Day Software is the ECM pioneer that leading global enterprises rely on for
their Web 2.0 content application and content infrastructure needs. Day's
Content Repository Extreme (CRX) is the industry's leading Java Content
Repository (JCR) that provides unique virtualization services to consolidate
legacy repositories and unique cloud computing services to lower IT operational
costs. Day's CQ5 platform provides industry-leading Web Content Management,
Digital Asset Management, and Social Collaboration in a single, unified suite
and won the 2009 InfoWorld Technology of the Year Award for "Best Web CMS".
Day is an international company with headquarters in Basel, Switzerland and
Boston, Massachusetts, traded since April 2000 on the SIX Swiss Exchange, and
"Over the Counter" (OTC) as American Depositary Receipts (OTCQX:DYIHY). Day's
customers are worldwide leading global enterprises, including: Adobe, Audi,
Volkswagen, Daimler, General Motors, Nissan, Newsweek, MTV Networks, Virgin
Media, University of Phoenix, InterContinental Hotels Group, and McDonald's.
A warning regarding forward-looking statements
This press release may contain forward-looking statements regarding future
events or the future performance of Day Software Holding AG and its subsidiaries
(the "Company"). Words such as "expects," "plans," "believes," "may," "will,"
and variations of these words or similar expressions are intended to identify
forward-looking statements. These statements speak only as of the date hereof.
Such information is subject to change, and we will not necessarily inform you of
such changes. Actual events or results, of course, could differ materially and
adversely from those expressed in any forward-looking statement. The Company
does not make filings (e.g., Forms 10-K and 10-Q) with the Securities and
Exchange Commission under the Securities Exchange Act of 1934.
For further information
Peter Nachbur
Day Software AG
Barfuesserplatz 6
4001 Basel, Switzerland
T +41 61 226 98 98
E-Mail: peter.nachbur(at)day.com
Summary financial schedules are available on the Investor Relations section of
our web site at http://www.day.com/investors/financialreports.
[HUG#1406099]
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Day Software Holding AG
Barfüsserplatz 6 Basel Schweiz
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2010 - 07:03 Uhr
Sprache: Deutsch
News-ID 19375
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Town:
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