Hubwoo Announces Financial Information for Q4 2012
- SaaS revenue stable while one time services decline
- Continued investment in pipeline building for Hubwoo's own intellectual property
PARIS, Jan. 31, 2013 /PRNewswire/ -- 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.
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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 € 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% |
|||||||||||
| (Non-Audited Figures) |
|||||||||||||||||||||||
| (*) Percentages calculated on exact numbers, not the rounded numbers shown |
|||||||||||||||||||||||
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
SOURCE Hubwoo
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