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(Unaudited) In € millionsH1 2016H1 2017Change
Maintenance - Support7.68.3+10%
Total Software Revenues13.514.2+6%
Total revenues for the semester20.922.7+9%
Total Commercial Gross Margin for the semester18.220.0+9%
DALET, a leading provider of software solutions for the creation, management and distribution of multimedia content for broadcasters, operators and content producers, announced today revenues (unaudited) for its first half-year ended June 30, 2017.
Total consolidated revenues for the semester were up by 9% at €22.7 million as compared to the first half of 2016. Second quarter revenues were €11.8 million, up 9% from the same period last year.
Software revenues (comprising licences and support revenues) were up 6% over the first six months of the year, bolstered by the 10% increase in recurring Maintenance revenues at €8.3 million. License revenues were stable.
Service revenues (integration, configuration and training professional services) were up 20% compared to last year’s first half, due to the large number of projects involving deployment and integration currently underway. Hardware resale, which is a low margin, non strategic business for Dalet, increased at a slower pace that the rest of the activity over the first half of 2017.
Commercial gross margin (defined as sales minus cost of goods and third-party services resold) increased in value by 9% at €20.0 million. Commercial gross margin rate increased slightly from 87.3% of revenues over the first half of 2016 to 87.9% for the same period this year, reflecting the more favorable sales mix.
Broken down by geographic region, Europe remains the largest zone in terms of revenues with revenues stable at €9.1 million. Revenues for the Americas were up by 7% at €8.5 million. Revenues for Asia Pacific were up by 26% at €3.7 million, revenues in Africa and the Middle East were up by 81% at €1.3 million as compared to the first semester of 2016.
Dalet revenues are in line with its business plan after these first six months. Backed by an order book standing at €25 million expected to be invoiced in the second half of 2017 ( €2 milion above the order book for the second semester of 2016 at the same period last year), Dalet expects to meet its goals for 2017 in terms of continued growth and progressive improvement of its operating margins.
Full financial results for the first semester of 2017 on 19 September 2017 after the close of trading
Dalet solutions enable broadcasters and media professionals to create, manage and distribute content to both traditional and new media channels, including interactive TV, the Web and mobile networks. Dalet combines into a single system a robust and proven Asset Management platform with advanced metadata capabilities; a configurable workflow engine, and a comprehensive set of purpose-built creative and production tools. This integrated and open environment enables end-to-end management of the entire News and Sport and Program content chain, and allows users to significantly improve efficiency, and to maximize the use and value of their assets. Dalet's solutions are delivered through a dedicated Professional and Integration Services Department to ensure the highest possible standards.
Dalet systems are used around the world by many thousands of individual users at hundreds of TV and Radio content producers, including public broadcasters (ABS-CBN, BBC, CBC, DR, France TV, RAI, RFI, Russia Today, RT Malaysia, VOA), commercial networks and operators (Canal+, FOX, eTV, Mediaset, NBC Universal, Warner Bros., Sirius XM Radio) and government organizations (UK Parliament, NATO, United Nations, Veterans Affairs, NASA).
Dalet is traded on the NYSE-EURONEXT stock exchange (Eurolist C): ISIN: FR0011026749, Bloomberg DLT:FP, Reuters: DALE.PA. For more information on Dalet, visit https://www.dalet.com
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