Titan N.V.
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Publicatie datum
16 feb 2011 - 07:09
Statutaire naam
Titan N.V.
Titel
TIE: Q1_2011 Trading Update: Profitable Q1, Total Comprehensive Income € 114k
Bericht
P R E S S R E L E A S E
The Netherlands, Amsterdam, February 16, 2011
TIE Holding N.V. (“TIE”) reports the following highlights with regard to the first Quarter
2011 (October 1, 2010- December 31, 2010)
Business Results:
During the first Quarter 2011 Total Income amounts to € 2,750k (Q1_2010: 3,068k).
Operating Income Q1 amounts to € 139k (Q1_2010: € 222k) and Total Comprehensive
Income Q1 amounts to € 114k (Q1_2010: € 151k).
CEO Jan Sundelin said: “I’m pleased to announce we can report a profitable Q1. Last years’
numbers included the one-time revenue and profit from the low end EDI business in the US
(Edge product line) of € 176k. For the first time our quarterly SaaS revenue has reached
the € 1 million revenue mark, showing that the quality of our revenue stream is improving.
Our SaaS technology in the E-commerce was recognized and rewarded by the SaaS
Excellence Award from Progress Software Corporation. For the next quarters we will
continue to strive strengthening our SaaS revenue from Content Syndication Solution with
our important partner CBS Interactive and our E-commerce Solution with our strategic
partner Progress Software Corporation. Furthermore we seek to increase the SaaS and
license revenue from our Business Integration Solution with the support of our strategic
partner Epicor".
Starting fiscal year 2011, the Company reports the following highlights:
For more information, see attachment.
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