Titan N.V.
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Publicatie datum
17 aug 2011 - 17:49
Statutaire naam
Titan N.V.
Titel
TIE Q3 Trading Update: Operating Income on track
Bericht
Business Results:
Third Quarter 2011 Total Income amounted to € 2,548k (Q3_2010: 2,783k). Operating Income Q3_2011 amounted to € 89k (Q3_2010: € -58k) and Comprehensive Income amounted to € 10k (Q3_2010: € 2k).
For the nine months of 2011 Total Income amounted to € 7,987k (9M_2010: € 8,400k), Operating Income amounted to € 299k (9m_2010: € -292k) and Comprehensive Income amounted to € 49k (9m_2010: € -221k).
CEO Jan Sundelin said: “The launch of our new Business Integration solutions eVision 6.0 for the US market and SmartBridge for the European market in May will start to contribute to our growth during the coming quarters. The first orders for both BI solutions have been booked. These new Business Integration solutions are offered not only as a license offering but also as a SaaS solution in all our markets, creating more sustainable revenue.
In the meantime various new SaaS projects were sold during the quarter and will be delivered in the coming quarter. The SaaS revenue will be recognized after the projects have been delivered.
We will continue to move the Company into the new market of Content Syndication and into the growing market of E-commerce, which will add more SaaS revenue in the coming years”.
Datum laatste update: 28 december 2025