Sopheon plc, the international provider of software and services that improve the financial return from innovation and product development investments, announces that it now expects 2011 revenues to be of a similar magnitude to the previous year. In such circumstances, preliminary estimates are that the same would be true of EBITDA.
Revenue visibility* for 2011 stands above £10 million today, and a number of deals are being worked for closure during the remaining days of the year, as is typical in the software industry.
Results in 2011 have been impacted by factors the directors believe are temporary and symptomatic of the sensitivity of our results to individual sales events. These factors include slippage in deals originally slated for closure during December; the introduction of contract contingency terms that prevent recognition in the current year; a revival of interest in rental license arrangements that shift recognition forward, but also improve the profile of recurring revenue; and a resurgence of larger scale opportunities characterized by the introduction of proof of concept phases prior to license commitment. Looking ahead, our sales pipeline remains very active and includes a number of substantial opportunities which we expect to bear fruit in 2012.
*A definition of how visibility is calculated was provided in our half- yearly report published on 24 August 2011.
Barry Mence, Chariman, commented:
"Although disappointed that our results are now unlikely to
demonstrate the growth we had hoped for, and indeed that we
feel in our daily engagement with the market, we remain
positive about the group's performance in these uncertain
economic times. We are working on several interesting
opportunities with substantial potential, and will continue
to position and drive the business for growth."
About Sopheon
Sopheon (LSE: SPE) is an international provider of software
and services that help organisations improve the business
impact of product innovation. Sopheon's solutions automate
and govern the innovation process, enabling companies to
increase revenue and profits from new products. Sopheon's
solutions are used by industry leaders throughout the world,
including BASF, Cadbury, Corning, Electrolux, General Motors,
Honeywell, Motorola and SABMiller. Sopheon is listed on the
AIM Market of the London Stock Exchange and on the Euronext
in the Netherlands. For more information, please visit .
distribué par | Ce noodl a été diffusé par Sopheon plc et initialement mise en ligne sur le site http://www.sopheon.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2011-12-23 14:46:11 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |