财务公告

Sharp Increase in 2010 Revenue: +42% to €10.2M

Paris, February 28, 2011 – StreamWIDE (FR0010528059 – ALSTW), the specialist in next generation, value-added telephony solutions for telecom carriers, announces a substantial 42% increase in revenue compared to 2009. Revenue thus totaled €10.2 million and breaks down as follows:

The Group’s revenue increased sharply in 2010, by +€3M, of which +€1.6M came from France and +€1.4M came from Exports, primarily in the North America zone where the Group recorded a first major contract with a Canadian cable operator. This fine performance was essentially due to license sales, reflecting the confidence StreamWIDE’s main clients have in the Group. It can also be explained by the added value of the innovations StreamWIDE provides to telecom carriers to operate new messaging-based services (in particular, visual voicemail for smartphones and tablets).

2010 was also characterized by a substantial increase in “maintenance” revenue (+46%), representing growing recurrent revenue, a consequence of the substantial business development initiated over the last two years. Revenue from “services” and “third-party sales” grew by 21% and 20% respectively.

Over the second half of 2010, the growth in activity remained strong and reached +24%, thus showing the Group’s ability to develop new partnerships, directly or indirectly, in a difficult and increasingly complex competitive environment.

Regarding the first half of 2011, visibility in terms of orders currently remains poor. The Group therefore remains cautious but confident concerning the annual trend.

The Group’s participation in the 2011 Mobile World Congress trade fair in Barcelona validated its innovation strategy. The success recorded by new products such as StreamWIDE Global Communications (SGC), a solution that allows the management of the availability of one or more telephone lines and the convergence of communications and contacts via a smartphone/tablet application, enable it to anticipate further medium-term growth opportunities.

The reorganization of the Sales and Presales departments, which was implemented at the end of 2010, should also allow StreamWIDE to optimize its France and Export sales resources, providing further substantial potential.

The sharp growth in revenue in 2010, accompanied by the pursuance of cost controls, should allow the Group’s 2010 results to be in line with those recorded over the first half of the year and up significantly on those recorded in 2009.