SYSTRAN : SYSTRAN :First Quarter 2013 Revenue Release
First Quarter 2013 Revenue Release
May 3, 2013 - SYSTRAN today announced its consolidated financial results for
the first quarter ended March 31, 2013.
Consolidated Data 2013 In % 2012 In % Annual change
(in thousands of Euros) of total of total 2013/2012
Software Publishing 1,025 45.7 % 1,274 49.9 % -19.5 %
Professional Services 1,219 54.3 % 1,280 50.1 % -4.8 %
Consolidated Sales 2,244 100.0 % 2,554 100.0 % -12.1 %
First Quarter 2013 Activities
During the first quarter, SYSTRAN sales amounted to 2,244 K€ as compared with
2,554 K€ for the first quarter of 2012, a 12.1% decrease.
License sales amounted to 1,025 K€ as compared with 1,274 K€ for the first
quarter 2012 and represent 45.7% of total sales. Sales for the Professional
Services business unit amounted to 1,219 K€ as compared with 1,280 K€ for
the first quarter 2012.
In 2013 SYSTRAN plans to expand the sales team to develop revenue in all
business segments. SYSTRAN will also launch new versions of its server
solutions and cloud services for corporate customers.
Dispute with the European Commission
On April 18, 2013, the European Court of Justice has set aside the judgment of
the European General Court ordering the European Commission to pay SYSTRAN a
lump-sum amount of €12 million as compensation for the material damage
sustained by it.
The European Court of Justice has declared that "the General Court should have
declined jurisdiction and invited the parties to refer to the competent
national courts, designated by the various contracts concerning the SYSTRAN
machine translation system, concluded by SYSTRAN and the Commission" (Press
release dated April 18, 2013 from the Court of Justice of the European Union).
Furthermore, the European Court of Justice has given final judgment on the
dispute and has declared and judged:
1.The judgement of the European General Court dated December 16, 2010 in the
case T-19/07 (SYSTRAN S.A. and SYSTRAN Luxembourg / Commission) is
2.The action for damages of SYSTRAN SA and SYSTRAN Luxembourg is dismissed.
3.SYSTRAN S.A. and SYSTRAN Luxembourg will have to pay the cost incurred by
the European Commission before the European Court of Justice and also
before the European General Court.
SYSTRAN will reimburse 12 million Euros to the European Commission. This
amount was kept by the company and this refund will not endanger the company.
SYSTRAN is the market historic provider of language translation software
products and solutions for the desktop, enterprise and Internet.
Use of SYSTRAN products and solutions enhance multilingual communication and
increase user productivity. SYSTRAN delivers real-time language solutions for
search, content management, online customer support, intra or inter company
collaboration, and eCommerce.
With the ability to facilitate communication in 52+ language combinations and
in 20 vertical domains, SYSTRAN's software is the choice of leading global
corporations, portals and public agencies.
SYSTRAN has been pioneering advances in machine translation for over four
decades. Its latest achievement, SYSTRAN Hybrid MT, combines the
predictability and language consistency of rule-based machine translation with
the fluency of statistical MT.
SYSTRAN is headquartered in Paris, France with a North American office located
in San Diego, California, USA.
SYSTRAN (Code ISIN FR0004109197, Bloomberg: SYST NM, Reuters: SYTN.LN) is
listed on EuroNext Paris, Compartiment C.
For more information, visit www.systransoft.com
Dimitris SABATAKAKIS, Chairman & CEO
Telephone: +33 (0)1 44 82 49 00 Fax: +33 (0)1 44 82 49 01
Results for the first semester of 2013 will be announced on August 2, 2013.
This Press Release is available for download at:
SYSTRAN First quarter 2013 revenue release
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: SYSTRAN via Thomson Reuters ONE
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