Third Quarter and First 9 Months Revenues During the third quarter of fiscal year 2010-2011, Systarâs revenues grew 8%. The adoption of the new virtualization and Cloud Computing technologies generates an increasing need for IT infrastructure control and performance management software where Systar enjoys a strong expertise and is well positioned.
Revenues for the first 9 months reached 12.8 Mâ¬. Software revenues (license and maintenance) accounted for 63% of consolidated revenues while accompanying services represented 37%.
56% of consolidated revenues came from France, 28% from EMEA out of France and 16% from North America.
Systarâs perspectives evolved favorably during this quarter. The growing demand for solutions to manage virtualization and Cloud Computing is a long term trend and should continue to have a positive impact on Systarâs sales in this market.
In the banking market where Systar is strongly positioned, Systarâs license sales are expected to rebound during the fourth quarter given the volume of deals in the pipeline in Europe, North America and Asia.
The progressively growing part of license sales in the revenue mix should have a positive impact on profitability. Systar is therefore confident in its ability to absorb and gain profitable returns from its commercial and R&D investments and remains vigilant regarding its costs structure. With positive net cash, substantial equity, financing in place and a strong proportion of revenues with high visibility, Systar benefits from a solid base to pursue its development.