Losses for update software AG

Companies › Technology ♦ Published: April 19, 2011; 11:22 ♦ (Vindobona)

The Austrian software company, which is listed on the Frankfurt Stock Exchange, records declining sales as well as operating losses.

Losses for update software AG / Picture: © Vindobona.org

update software AG, a CRM solutions provider, has released its 2011 first-quarter results, with sales revenue of € 6.5 m and earnings before interest and taxes (EBIT) of € -0.6 m.

2011 marks the beginning of the second year of update's transformation to a software-as-a-service business model, which continues to entail higher-than-usual investments.

In the first quarter…

or Log In

Fast News Search
Related News
Substantial Financing Needs for S&T Again (April 11, 2011)
Good Prospects for Quanmax (March 31, 2011)
Beko Still Reports Losses (February 25, 2011)
Fabasoft: Decrease in Sales and EBIT (February 11, 2011)
Still Losses at update software AG (January 27, 2011)
Management Change at IBM Austria (January 7, 2011)
Read More
Software Industry, Update Software, High Tech Industry, Earnings, Frankfurt, Germany
Featured
See latest Vindobona Newsletter