Cameleon Software, Europe's leading provider of configure - price - quote - software (CPQ) and product configuration software, announces record quarter with 41% year over year growth.
CHICAGO, IL, July 12, 2012 /24-7PressRelease/ -- Cameleon Software, the global leader in product design, sales configuration, quotes, and proposals software, today announced preliminary results for the second quarter of 2012.
(EUR Millions) Q2 2012 Q2 2011 %
Software revenue 2,63 1,81 45%
Services revenue 0,61 0,48 27%
Total Revenue Q2 3,24 2,29 41%
(EUR Millions) H1 2012 H1 2011 %
Software revenue 3,90 3,42 14%
Services revenue 1,27 1,01 26%
Total Revenue H1 5,17 4,43 17%
A Record Second Quarter with 41% Growth
Provisional consolidated revenue stands at EUR3.24 million ($3.97 million USD) for the second quarter of 2012, compared with EUR2.29 million ($2.80 million USD) for the same period last year, an increase of 41%.
In Europe, this is the result of several significant new contracts, including The Sage Group plc, the world's third-largest business management software provider. At the same time, Cameleon Software's SaaS offering continues to gain momentum, as witnessed by the company signing a contract with a large U.S. cable operator covering 19 U.S. states.
First Half of 2012: +17%
At EUR5.17 million ($6.33 million USD), revenue for the first half-year is up by 17%, compared with the same period last year. These figures are even more encouraging because the first half of 2011 was itself a dynamic period, with growth of 9% over the first half of 2010. In the U.S., activity is up by 37% for the first half of the year.
Outlook: 28% Growth in the order backlog
The order backlog (perpetual licensing and SaaS business, excluding maintenance) remains very healthy for the period at EUR5.54 million ($6.78 million USD), up by 28% compared with June 30th 2011 at EUR4.31 million ($5.28 million USD). Over the entire 2012 financial year, the company's break-even point should be situated at around EUR9.6 million ($11.75 million USD).
Jacques Soumeillan, Cameleon Software's President/CEO, stated: "This quarter is a record one for the Cameleon Software Group. Although we are still operating in a difficult economic environment, our sales revenue is growing rapidly and we should generate a net profit result over the first half of the year. The new clients acquired in the last quarter will raise our profile in our preferred vertical markets in Europe and the U.S. It has now been established that the Configure Price Quote (CPQ) market, is growing fast, a trend reinforced by the rise in mobility and SaaS solutions. Now more than ever, we hold a prime position on this rising wave. We are the European leader on this market and every day we reinforce our position in the U.S. and the rest of the world."
*Data expressed in U.S. dollars is an estimation based upon currency exchange rates, and as such, may fluctuate.
About Cameleon Software Cameleon Software is the global leader in "next generation" product configurator, quotes, proposals and eCommerce software. Cameleon solutions empower customers' sales teams to streamline their quote-to-order process and increase sales across all channels, and marketing teams to define and launch new products faster. Cameleon's solutions integrate to leading CRM and ERP systems including Salesforce, SAP, Oracle and Microsoft and are available as both SaaS or On Premises. Rated as Positive in the Gartner Group Marketscope, Cameleon Software is a public company with strong references in industries such as insurance and financial services, telecom, hi-tech and manufacturing including ADT/Tyco, Clear Channel, Gras Savoye, SFR, IMS Health, Technip and ThyssenKrupp.
ALL RIGHTS RESERVED 2012 CAMELEON SOFTWARE. Cameleon is a registered trademark of Cameleon Software. All other product and company names mentioned are the property of their respective owners.
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions and the ability to market successfully acquired technologies and products; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; adverse results in litigation; and changes in and a dependence on key personnel, as well as other factors. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
