Revenues First Quarter Fiscal Year 2011/2012
+ 28% Growth
Revenues grew 28% during the first quarter of fiscal year 2011/2012 compared to the same period of the previous fiscal year. Revenues grew 33% in France and 51% in EMEA out of France while decreasing 21% in North America due to an unfavorable exchange rate (-13% at constant exchange rate). The first quarter is traditionally less representative as it corresponds to the reduced activity of the summer months.
Budget constraints continue to weigh on the customers' purchasing decisions and the dates of contracts' closings remain uncertain, as during the previous quarters.
However, customers increasingly see the need to improve their control over their internal business processes and to overcome the growing complexities created by the virtualization of their infrastructures and by Cloud Computing, thereby contributing to the adoption of Systar software. This trend is not impaired by the current economic context and the business pipeline should continue to grow, fueled by the new offerings that will be launched throughout the fiscal year.
Revenues and results for the first half of fiscal year 2011/2012 will be released on February 14th, 2012
Over 180 clients worldwide, including 10 of the world's 15 largest banks, rely on Systar's performance management software to transform their business and IT operations from reactive to proactive, solving problems prior to impacting the business. Systar is widely regarded as the leading provider of Business Activity Monitoring (BAM) solutions and offers innovative Virtualization Management and IT Governance software for physical and virtual server and storage environments. Systar is listed on the NYSE Euronext Paris Stock Exchange (ISIN: FR0000052854-SAR), and has offices in North America and Europe. More information about Systar is available at www.systar.com.