In a business environment that remained challenging, similar to the previous quarter, software revenues declined 6% during the first quarter of fiscal year 2012/2013 compared to the same period of the previous year, mainly due to delayed license orders, among which an important license (>500 K€) which was eventually signed in October. Overall, total revenue declined 18% to 3.5 M€.
The first quarter is traditionally less representative as it corresponds to the
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