Message #23 From:
NewsBot Date: November 13, 2006 10:00:00 PM
DYIHY News Day Reports Financial Results for Third Quarter for Fiscal Year 2006
BASEL, Switzerland--(BUSINESS WIRE)--Day Software (SWX:DAYN)(OTC:DYIHY), a leading provider of global content
management and content infrastructure software, today announced
financial results for the Third Quarter of 2006.
Highlights
17% YTD total revenue increase compared to same period of 2005
43% YTD increase in Income from Operations compared to same period of
2005
New major customers added in the third quarter of 2006 include Kodak
and Merck. Expanded relationships with existing customers including
Singapore’s Ministry of Defense, Qinetiq and
Volkswagen
Successful launch of Company’s latest
versions of Communiqué and Content
Repository Extreme – CRX
Total Revenues for the nine-month period ended September 30, 2006
increased by 17% over last year, totaling CHF 14.03 million, compared to
CHF 12.02 million for the nine months ended September 30, 2005. License
revenue for the nine months ended September 30, 2006 were CHF 5.08
million, compared to CHF 5.41 million for the nine months ended
September 30, 2005. Income from Operations for the nine months ended
September 30, 2006 was CHF 1.07 million, compared to TCHF 745 for the
nine months ended September 30, 2005. Net income for the nine months
ended September 30, 2006 was TCHF 850, compared to a net income of TCHF
928 for the nine months ended September 30, 2005.
“Thus far 2006 has been a very successful year
for Day Software: With the continuation of our profitable growth in Q3
we have delivered record revenues for the first nine months. Based on
our innovative product portfolio we added new major blue chip customers
such as Merck and Kodak and expanded our channel business,”
said Michael Moppert, CEO and Chairman of Day. “We
also made significant investments in the company. We have increased
staff and have invested in R&D, customer support and OEM channel
support. We believe that these investments in our business will enable
us to continue our growth and deliver a strong 2006.”
Total revenues for the third quarter increased by 5.4% over last year,
totaling CHF 4.48 million, compared with revenues of CHF 4.25 million
for the third quarter of 2005. License revenues totaled CHF 1.64
million, compared with license revenues of CHF 2.07 million for the same
period last year. The company delivered gross profits of CHF 3.39
million, compared to CHF 3.45 million for the same period in the
previous year. Net income for Q3 of 2006 was TCHF 115 compared to a net
income of TCHF 770 in Q3 2005.
On a non-GAAP basis, Day's net income for the quarter was TCHF 263,
versus TCHF 822 for the same quarter of last year. Also on a non-GAAP
basis, net income for the nine-month period ended September 30, 2006
increased by 38% over last year, totaling CHF 1.50 million, compared to
CHF 1.09 million for the nine months ended September 30, 2005. Non-GAAP
results exclude, acquisition-related charges, share-based compensation
expense, amortization expense for certain intangible assets, and
one-time charges and gains. One-time charges and gains generally relate
to business restructuring, investment and fixed asset impairment. The
non-GAAP financial measures included are not meant to be considered in
isolation from, superior to, or a substitute for results of operations
prepared in accordance with GAAP, and may be different from non-GAAP
financial measures used by other companies.
Successful product launches, continued technology leadership
In August, Day launched Communiqué 4.1, the
latest version of the only native JCR (JSR 170) standard compliant
enterprise content management solution available on the market.
Initiated by Day, JSR 170 is the Java Content Repository (JCR) standard
for the enterprise content management industry. Communiqué
4.1 revolutionizes the enterprise content management market by
decoupling a vendor’s content management
application from its underlying repository.
Day also launched Content Repository Extreme (CRX) version 1.2, the
latest version of Day’s innovative product
that enables the storage, management and exchange of content across
large-scale enterprises. Day’s CRX provides
an open, standards-based infrastructure for integrating business
applications with any structured or unstructured content in an
enterprise. New features in Day’s CRX enable
the exchange of high-value content between applications and underlying
repositories.
During the third quarter Day’s CTO, David
Nuescheler, led a successful face-to-face meeting of the JSR 283 expert
group. JSR 283 is the Content Repository for Java™
Technology API Version 2.0 and represents the next version of JSR 170.
The event was hosted by IBM, and included the key expert group members
from companies such as IBM, Oracle, Sun and SAP.
Day is a leading provider of integrated content, portal and digital
asset management software. Day's technology Communiqué
offers a comprehensive, rapidly deployable framework to unify and manage
all digital business data, systems, applications and processes through
the web. Communiqué’s
content-centric architecture, and its innovative ContentBus, turns the
entire business into a virtual repository bringing together content from
any system, regardless of location, language or platform.
Day is an international company, founded in 1993, and listed on the SWX
Swiss Exchange (SWX:DAYN) since April 2000. Day's customers are some of
the largest global corporations and include Audi, DaimlerChrysler,
Deutsche Post World Net, Intercontinental Hotels Group, McDonald's, UBS
and Volkswagen.
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 “anticipates,”“expects,”“intends,”“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. We refer you to the "Risk Factors"
section of the Company's Offering Circular, which can be downloaded from
the "Investor Relations" section of the Company's website at www.day.com.
The Company's Offering Circular contains and identifies important
factors that could cause actual results to differ materially from those
contained in any forward-looking statements. Among the important factors
which could cause the Company's actual results to differ materially and
adversely from such forward-looking statements are the intense
competition in its industry, its need to stay on the forefront of
technological development within its industry, and uncertainty regarding
its future capital needs. The Company’s stock
is not listed on any United States stock exchange or market, and 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.
The complete Financial Results for Third Quarter for Fiscal Year 2006 is
on file with the SWX and is available from the Investor Relations
section of our web site at www.day.com.
The English text of this press release represents the binding version.
