Titan N.V.
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Publicatie datum
23 nov 2011 - 07:37
Statutaire naam
Titan N.V.
Titel
TIE: 2011 Annual Result € 393k, SaaS Revenue increased by 20%
Bericht
P R E S S R E L E A S E
The Netherlands, Hoofddorp, November 24, 2011
Trading Update
TIE: 2011 Annual Result € 393k, SaaS Revenue increased by 20%
TIE Holding N.V. (“TIE”) reports the following highlights with regard to the fiscal year 2011 (October 1, 2010 – September 30, 2011) and the 4th quarter 2011 (July 1, 2011 – September 30, 2011)
Business Results:
During the fourth Quarter 2011 Total Income amounts to € 2,684k (Q4_2010: 2,613k). Operating Income Q4 amounts to € 298k (Q4_2010: € -1,103k) and Total Comprehensive Income to € 344k (Q4_2010: € -1,534k).
Total Income for the year amounts to € 10,671k (2010: € 11,013k), Operating Income amounts to € 597k (2010: € -1,386k) and Total Comprehensive Income amounts to € 393k (2010: € -1,765k). The net cash flow from operating activities for the year amounted to € 958k (2010: - € 841k).
The focus of 2011 was on growing our SaaS business; the SaaS Income showed a growth of 20% from € 3,377k, to € 4,069k. As a result of this our Contracted Value for SaaS for the next three years showed a growth of 49% from € 6,1million per April 1, 2011 to € 9,1million per October 1, 2011. During the year the Company managed to strengthen its partnerships with CBS/Cnet, Epicor, Progress Software and entered into new partnerships with Medius, Newco Food Retail and Gothia. During 2011 the Company also released 2 new Business Integration solutions, TIE Kinetix SmartBridge for Europe and eVision 6.0. for the US market.
Rest of the pressrelease, see attachment.
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