Business Results:
- During the First Quarter FY 2013 Total Income amounts to € 3,661k, an increase of 31% compared to the same period in FY2012 (€ 2,802k).
- SaaS Revenue for the First Quarter amounts to € 1,264k, an increase of 18% compared to the same period in FY2012 (€ 1,075k).
- Total Operating Expenses amount to € 3,028k, an increase of 23% compared to the same period in FY2012 (€ 2,466k).
- Operating Income for the First Quarter amounts to € 112k, a decrease of 13% compared to € 129k for the same period in FY 2012.
- Total Comprehensive Income for the First Quarter amounts to € 16k, a decrease of 86% compared to € 113k for the same period in FY 2012.
CEO Jan Sundelin said: “In the first quarter, we laid the foundation of a solid organization by integrating ascention and Light in TIE. Our next step will be organizing the sales of TIE products in the DACH region. We expect to meet our earlier mentioned full year targets, barring unforeseeable circumstances and one-time expenses.”
Starting financial year 2013, the Company reports the following highlights:
Customers/Products:
- October 15, 2012: TIE announced that the TIE is technology provider in European Union Project ‘Arum’, and receives funding amounting to € 964k;
- December 10, 2012: TIE announced that the TIE is technology provider in European Union Projects SIMPLI-CITY and INTUITEL.
- December 17, 2012: TIE predicts Rapid SaaS adoption will level the marketing playing field for SMBs.
Legal & Financial:
- October 1, 2012: TIE acquired ascention and expands coverage in DACH (Germany, Austria and Switzerland) region.
- October 10, 2012: TIE announced that Court dismisses six of seven grievances but orders Samar to repay € 250k. >>
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