Seagull Holding N.V.
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Publicatie datum
22 jun 2006 - 02:14
Statutaire naam
Seagull Holding N.V.
Titel
Seagull Software Announces Financial Results for Year Ended 30 April 2006
Bericht
Reports Revenue Growth of 19%
DORDRECHT, THE NETHERLANDS – 22 June 2006 – Seagull Software (AEX: SEAGULL), a leading provider of software products for transforming legacy applications into Web services for service-oriented architecture, today reported financial results for the financial year ended 30 April 2006 (FY 2006).
For the full financial year, total revenue was $27.7 million, an increase of 19% as compared with total revenue of $23.4 million for the previous year. The Company reported a pro forma profit of $121K. This compares with a pro forma loss of $908k in FY2005.
“We are very pleased to report strong growth in revenues as well as a pro forma profit,” said Seagull Software CEO and President Don Addington. “License, consulting and maintenance revenues grew, and we won significant new business from important telecommunications and financial enterprises in our target market.”
License revenue for the year was $11.7 million and increase of 21% as compared with $9.7 million in FY 2005. Maintenance and service revenues grew from $13.7 million in to $16.1 million in FY 2006.
“This is our strongest performance in the past three years,” continued Mr. Addington. “Revenue is up in all geographies, the three acquisitions we completed since April 2005 are materially contributing to our performance, and the company’s SOA strategy is right on target with customer requirements.”
Total gross margin for FY 2006 was $22.2 million or 80% of revenues, as compared with $18 million (77% of revenue) for the previous year. Gross margin on license revenue was $11.6 million (FY 2005 $9.6 million). Maintenance and service gross margin was $10.6 million as compared with $8.4 million in FY 2005.
On an International Financial Reporting Standards (IFRS) basis, net loss after amortization of intellectual property and expense related to stock options for FY2006 was $937K as compared with a net loss of $963K for FY 2005.
Datum laatste update: 01 september 2024