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July 29, 2010
Cameleon Software Sees +28% Growth in Sales in First Half of 2010
Toulouse, France and Chicago, Il, USA, July 29, 2010
Cameleon Software (PAR:CAM), the global leader in product design, sales configuration, quotes, and proposals software, today announced its provisional revenue figures for the first two quarters of 2010.
For the first half of 2010, provisional consolidated revenue amounted to €4.07 million compared with €3.17 million over the same period in 2009, accounting for +28% growth over the period. Sales for the second quarter, at €1.85 million, were up by +27% compared with the same period in the previous year.
(€ Millions) | Q1 2010 | Q1 2009 |
Software revenue | 1.70 | 1.07 |
Services revenue | 0.52 | 0.64 |
Total Revenue Q1 2010 | 2.22 | 1.71 |
(€ Millions) | Q2 2010 | Q2 2009 |
Software revenue | 1.37 | 0.92 |
Services revenue | 0.48 | 0.54 |
Total Revenue Q2 2010 | 1.85 | 1.46 |
(€ Millions) | H1 2010 | H1 2009 |
Software revenue | 3.07 | 1.99 |
Services revenue | 1.00 | 1.18 |
Total Revenue H1 2010 | 4.07 | 3.17 |
(Provisional - unaudited) |
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The increase registered in the first quarter continued during the second quarter. This sales dynamic was driven by growth in software revenue, which was up by 54% over the half-year period. This growth is explained by new business acquired during the period (Cerep, Mutuelle Nationale Territoriale, Dial 800…) and by additional deployments within the previously installed base (Gras Savoye, SFR, Legrand…). Services revenue was down due to putting an integrator network based on Cameleon solutions in place.
“The number of contracts signed over the period and the year is continuing to grow at a high rate, which is very encouraging in terms of the group’s position,” stated Cameleon CEO Jacques Soumeillan. “Although the economic outlook remains uncertain, we have highly differentiated selling points within our vertical markets, including industry, insurance, telecommunications and high tech, which enable us to ensure growth and to regularly increase our installed base and recurring revenue. We remain committed to strengthening the key factors behind Cameleon’s success, such as innovation, SaaS, partnerships with integrators, and our reputation among major accounts in Europe and the United States. Furthermore, we have significantly reinforced our sales and marketing budgets and team, which we expect to help maintain sustained growth in our sales for this and future years.”
Press Release of July 29, 2010