InfoVista Reports Q1

Total revenues for the quarter were €9.6 million, compared to €11 million reported for the comparable quarter last year

November 9, 2009

1 Min Read

PARIS -- InfoVista (Euronext: IFV, ISIN: FR0004031649), a leading Proactive Service Assurance management software company, today announced financial results for its fiscal year 2010 first quarter, ended September 30, 2009.

Total revenues for the quarter were €9.6 million, compared to €11 million reported for the comparable quarter last year. Last year’s first quarter included €1.9 million of contribution from the multi-year license agreement with Microsoft that ended in May 2009. Operating profit was €0.1 million for the first quarter as compared to €0.4 million for the same period last year. InfoVista posted a net profit for the first quarter of €0.1 million, versus €0.5 million in the comparable quarter last year.

Commenting on the Company’s performance, Philippe Ozanian, Chief Executive Officer, said: “In the past fiscal year, we have readied InfoVista for the end of the significant top- and bottom-line contributions made by a multi-year contract with Microsoft. Our performance this quarter, in the face of continued economic challenges, demonstrates the viability of our business model – on a normalized basis, our revenue base was roughly unchanged and we sharply reduced our operating costs. With a host of new solutions coming on stream, InfoVista is reinforcing its technical and market leadership. 5View Service Data Manager, our recently launched solution bridging the gap between application and network, has already been selected by a leading tier-one service provider. We hope to replicate its initial market success when we launch in the coming months new solutions that will considerably augment the value proposition we bring to our customers, notably to leverage the market opportunity afforded by the mobile data explosion.”

InfoVista SA

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