Heiler Software publishes figures for the 1st quarter 2009/10

(PresseBox) ( Stuttgart, )
Heiler Software AG, one of the leading providers of electronic product information solutions and catalogue management systems increased consolidated sales revenues in the first quarter of fiscal year 2009/10 (10/01/2009 - 12/31/2009) from 2.53 million Euro to 2.84 million Euro (+12%) when compared to the preceding fourth quarter 2008/09. Compared to the remarkably strong first quarter of the prior year sales revenues decreased from 3.25 million Euro by 13%. This decrease is mainly related to the license business which with 0.42 million Euro stayed significantly behind the record value of the prior year of 1.05 million Euro (-60%). Hosting/ASPrevenues decreased from 0.30 million Euro to 0.23 million Euro (-23%). In contrast, consulting revenues increased from 1.31 million Euro to 1.49 million Euro (+14%) and maintenance revenues increased from 0.54 million Euro to 0.63 million Euro (+17%).

Cost of goods sold for the first quarter 2009/10 decreased from 1.40 million Euro to 1.19 million Euro (-15%) when compared to the corresponding period of the prior year. Operating expenses decreased from 1.80 million Euro to 1.74 million Euro (-3%). Net result of this is a decrease of earnings before interest and taxes from 0.07 million Euro to -0.07 million Euro when compared to the prior year. Interest income, due to the strongly decreasing shortterm market interest level, experienced with 0.04 million Euro a significant lower contribution to operating income when compared to the corresponding period of the prior year. Accordingly, for the first quarter 2009/10 earnings before taxes decreased from 0.17 million Euro to -0.03 million Euro and net income decreased from 0.18 million Euro to -0.05 million Euro.

Liquid funds increased from 14.05 million Euro to 14.30 million Euro when compared to the prior year. Shareholders' equity decreased from 21.29 million Euro to 20.27 million Euro. The equity ratio remains unchanged to the prior year at 90%.

More information and the complete financial report for the first quarter 2009/10 can be found at www.heiler.com.
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