FRANCE, October 23, 2002 (PRIMEZONE) -- SYSTRAN (PSE: SYTN) today announced consolidated revenue of euro 2.1 million for the third quarter ended September 30, 2002 representing a 15 percent increase over revenue of euro 1.9 million for the same quarter last year.
YTD:Year-to-date
In millions of Euros (not audited)
2002-Q3 2001-Q3 Var.-Q3 2002-YTD 2001-YTD Var.- YTD
Software
Publishing 0.8 0.4 92% 1.8 1.8 -
Corporate
Solutions 0.6 0.8 -24% 2 2 -
Development
Contracts 0.3 0.2 112% 0.5 0.7 -26%
Services to
Adminis-
trations 0.4 0.5 -20% 1 1.7 -42%
Consolidated
Revenue 2.1 1.9 15% 5.3 6.2 -15%
Software Publishing and Corporate Solutions
The release of new Desktop Products drove Software Publishing revenue growth up 92 % during this quarter.
The renewal rate of Corporate Solutions licenses remains satisfactory.
Development Contracts and Services to Administration
As expected, new contracts signed during the 3d quarter generated the same revenue as compared with the same reporting period in 2001, but this does not allow for recovery of the accumulated delay reported in the first semester.
About SYSTRAN
SYSTRAN is the leading provider of the world's most scalable and modular translation architecture. It's expertise spans more than 30 years of building customized translations solutions for large corporations, portals, ISPs, governments and public administrations through an open and robust architecture.
SYSTRAN's core technology powers revolutionary translation solutions for the Internet, PCs, and network infrastructures that facilitate communication in 36 language pairs and in 20 specialized domains. SYSTRAN's technology is developed under Linux and runs on all Unix platforms, MacOS X and MS Windows. SYSTRAN continues to develop new machine translation systems and language combinations, which include Arabic, Farsi, Czech, Hungarian, Polish, Danish, Finnish and Swedish.
SYSTRAN is headquartered in France and has subsidiaries in California, USA and in Luxembourg.
SYSTRAN (Euroclear Paris Code : 7729) is listed on Euronext Paris, Nouveau Marche(C) and is a member of Euronext's Nest Economy sector. AUREL-LEVEN is the French investment company appointed to trade SYSTRAN's stock on the market.
Results for 2003 will be announced on February 6, 2003.
You can download this Press Release at: www.systransoft.com/Investors/Press.html