Hubwoo Announces Financial Information for Q4 2012
PARIS, Jan. 31, 2013 /PRNewswire via COMTEX/ --
Hubwoo SA (Euronext: HBW.NX), a leading collaborative business network provider, today announced financial information for Q4 2012, in accordance with the "European Transparency Obligations Directive" financial disclosure requirements.
Gregory A. Mark, Hubwoo CEO, commented, "During the quarter Hubwoo continued its aggressive investment and pipeline building focus on its core intellectual property, The Business Network. The Business Network fits squarely into the mature markets of supplier networks for procurement organizations, invoice automation for accounts payable, and B2B marketing platforms. Each of these areas is over a billion dollar market on its own. The first half of 2013 will continue to be a transitional period as we execute on the sales pipeline being built around The Business Network. We remain optimistic about the future while remaining cautious about the near term revenue impact during this transition."
1. Q4 Revenues
in EUR million Q1 2011 Q1 2012 Q2 2011 Q2 2012 Q3 2011 Q3 2012 Q4 2011 Q4 2012 % Change 2012 / 2011 (*) 2011 2012 % Change 2012 / 2011 (*)
Consolidated Revenue 9.0 8.7 8.8 8.7 9.2 8.0 9.5 8.0 -17% 36.5 33.4 -8%
SaaS (**) 6.9 6.9 6.8 7.0 6.8 6.6 6.9 6.7 -3% 27.4 27.2 -1%
Services 2.1 1.8 2.0 1.7 2.4 1.4 2.6 1.3 -52% 9.1 6.2 -31%
(*) Percentages calculated on exact numbers, not the rounded numbers shown
(**) SaaS is a model of delivering technology where a software solution is hosted (cloud computing) as a service for its customers.
Clients do not buy the technology but pay a subscription fee to use it.
Revenue in the quarter suffered as last quarter from a challenging economic environment accentuated by competitive market conditions in which significant merger and acquisition announcements delayed prospects' business decisions for new projects.
The recurring components of revenue remained stable for the year in comparison to 2011, while one-time services from implementation projects declined (-31%) against 2011. Overall, total revenues decreased slightly (-8%) as compared to 2011.
On a quarter to quarter comparison, SaaS was stable overall but one-time service revenues showed a strong decline (-52%) as compared to Q4 2011 which had been one of the highest ever recorded by the company.
About Hubwoo (www.hubwoo.com)
Hubwoo is a leading collaborative business network provider that manages The Business Network with over one million registered businesses including major international corporations as buyer customers. Significant customers include BASF, Honeywell, Shell, Evonik, EDF, Nokia, Monsanto, Nationwide, Michelin, Henkel, Statoil, CONSOL Energy, EcoPetrol, Campbell's, Burton's Foods, and The Dow Chemical Company.
Hubwoo has major operations in France, multiple U.S. centers, Germany, the U.K., Philippines, Belgium, and Eastern Europe.Listed in Compartment C on the Euronext Paris Eurolist. ISIN: FR0004052561, Euronext: HBW, Reuters: HBWO.PA, Bloomberg: HBW:FP
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