Day Reports Financial Results for Third Quarter for Fiscal Year 2005

Wednesday, 09. November 2005 07:00

Basel, Switzerland - November 9, 2005 - Day Software (SWX: DAYN,
OTC:DYIHY), a leading provider of global content management and
content infrastructure software, today announced financial results
for the Third Quarter of 2005.

Highlights

* 26% total revenue increase compared to the third quarter of 2004
* 88% license revenue increase compared to the third quarter of
2004
* 81% gross profit margin for third quarter 2005, up from 66% for
the same period in 2004
* Net income of TCHF 770 as compared to a net loss of CHF 1.1
million for the Third quarter of 2004
* New major customers added in the third quarter of 2005 include
Penn State University, Department of Interior, H&R Block
Mortgage, Media General, eMusic, Scripps, and Fiducia
* Successful launch of Company's new Java Content Repository - CRX,
and Repository Connector product line, shipping JSR170 Connector
for EMC Documentum
* New partnership with BEA to provide JSR 170 infrastructure


The company experienced a record third quarter, reporting a 26%
growth in total revenue over the same period in 2004. Revenues for
the third quarter totaled CHF 4.25 million, compared with revenues of
CHF 3.37 million for the third quarter of 2004. License revenues
increased by 88% over last year, totaling CHF 2.07 million, compared
with license revenues of CHF 1.1 million for the same period last
year. The company increased its gross profit to CHF 3.45 million
compared to CHF 2.22 million for the same period in the previous
year. Net income for Q3 of 2005 was TCHF 770 compared to a loss of
CHF 1.06 million in Q3 2004.

For the nine-month period ended September 30, 2005, total revenue was
CHF 12.02 million, compared to CHF 10.72 million for the nine months
ended September 30, 2004. License revenues for the nine months ended
September 30, 2005 increased 32% to CHF 5.41 million, as compared CHF
4.11 million for the nine months ended September 30, 2004. The gross
profit margin for the nine months ended September 30, 2005 was 77%,
compared to 70% for the same period in 2004. The net income for the
nine months ended September 30, 2005 increased to TCHF 928, compared
to a loss of CHF 2.5 million for the nine months ended September 30,
2004.

"We are excited about the excellent results for the third quarter,"
said Michael Moppert, CEO and Chairman of Day. "The company has
delivered the highest Third Quarter year license revenue in its
operating history. We have added new major blue chip customers, such
as Penn State University, Department of Interior, Option One
Mortgage, Media General, eMusic, Scripps, and Fiducia. Costs are
under control and profitability continues to increase. With these
trends we are on track to deliver a healthy 2005."

"In addition to our solid financial results for the quarter we
successfully launched a range of new products based on the new
standard for Java Content Repositories, which we introduced to the
industry this summer," Moppert continued. "The successful
diversification of our products combined with our technology
leadership in the emerging market of standardized content
repositories proves to be a solid basis for further growth. We are
excited to see the positive impact of our long-term strategy on the
development of our operating results."

Successful launch of JSR 170 compliant content repository and
connector product line

Day Software successfully launched two new product lines, which are
both fully compliant with the Content Repository for Java Technology
API standard (JSR170). The first product line is Day's new Java
Content Repository - CRX. Day's CRX enables customers to manage large
volumes of complex content in a standardized environment, thus
gaining significant efficiency and reducing cost.

The second new product line is a series of repository connectors,
which enable leading legacy repositories to interact with a
standardized Java Content Repository. The first of these innovative
interfaces to be delivered is for EMC Documentum. The Day connector
will make enterprise content stored in Documentum's legacy repository
accessible through the new industry standard, creating greater
interoperability and openness. Other connectors that are in
development include interfaces for FileNet, OpenText LiveLink,
Microsoft SharePoint, IBM Domino.doc, Software AG Tamino, and
Interwoven, among others.

"We are very excited about the initial success of these products. We
have made substantial investments to initiate and lead the JSR 170
specification, the global standard for enterprise content access, and
we have developed our own products in parallel with the standard. We
are now on track to position Day Software as the leader in the
emerging market for Java Content Repositories. We believe that this
expansion of our product portfolio will be an excellent basis for
further growth," explained David Nuescheler, Chief Technology Officer
of Day and Specification Lead for JSR 170 initiative.

JSR 170 is the new standard that defines the interaction between a
business application and the repository where the application stores
content. Day Software initiated this standard three years ago, and is
leading an international industry expert group that develops the JSR
170 specification. The JSR 170 initiative has gained the support of
all major industry players such as IBM, Oracle, Sun and SAP.

BEA Partnership to Deliver JSR 170 Connectivity for BEA WebLogic
Portal

In the third quarter of 2005, Day entered into a technology
partnership with BEA, a recognized leader of infrastructure software,
to deliver a JSR 170 compliant connector for BEA WebLogic Portal(TM).
The Day repository connector is designed to enable BEA WebLogic
Portal to interact with enterprise content repositories - such as
Day's Content Repository Extreme (CRX) - that are compliant with the
new JSR 170 industry standard.

"Supporting JSR 170 gives our customers a standard, open interface to
a wide variety of content repositories, helping them to develop
fuller, richer portals," said Bill Roth, vice president, solutions
and product marketing, BEA Systems, Inc. "JSR 170 is emerging as one
of the most important standards governing how content management and
portal applications should work together. By leveraging Day's
engineering expertise around JSR 170, BEA is able to provide its
customers with best of breed capabilities around this exciting new
standard."

BEA's decision to integrate Day Software's JSR 170 technology into
their products serves as further support of Day's position as a
leader in the emerging market of Java Content Repositories.
About Day (www.day.com)

Day is a leading provider of integrated content, portal and digital
asset management software. Day's technology Communiqué offers a
comprehensive, rapidly deployable framework to unify and manage all
digital business data, systems, applications and processes through
the web. Communiqué's content-centric architecture, and its
innovative ContentBus, turns the entire business into a virtual
repository bringing together content from any system, regardless of
location, language or platform.

Day is an international company, founded in 1993, and listed on the
SWX Swiss Exchange (SWX:DAYN) since April 2000. Day's customers are
some of the largest global corporations and include Audi,
DaimlerChrysler, Deutsche Post World Net, General Electric,
Intercontinental Hotels Group, McDonald's, UBS and Volkswagen.

A warning regarding forward-looking statements

This press-release may contain forward-looking statements regarding
future events or the future performance of Day Software Holding AG
and its subsidiaries (the "Company"). Words such as "anticipates,"
"expects," "intends," "plans," "believes," "may," "will," and
variations of these words or similar expressions are intended to
identify forward-looking statements. These statements speak only as
of the date hereof. Such information is subject to change, and we
will not necessarily inform you of such changes. Actual events or
results, of course, could differ materially and adversely from those
expressed in any forward-looking statement. We refer you to the "Risk
Factors" section of the Company's Offering Circular, which can be
downloaded from the "Investor Relations" section of the Company's
website at www.day.com. The Company's Offering Circular contains and
identifies important factors that could cause actual results to
differ materially from those contained in any forward-looking
statements. Among the important factors which could cause the
Company's actual results to differ materially and adversely from such
forward-looking statements are the intense competition in its
industry, its need to stay on the forefront of technological
development within its industry, and uncertainty regarding its future
capital needs. The Company's stock is not listed on any United States
stock exchange or market, and the Company does not make filings
(e.g., Forms 10-K and 10-Q) with the Securities and Exchange
Commission under the Securities Exchange Act of 1934.

For Further Information

Roger Maeder Katie Eakins / Katie Assar
Day Software AG LEWIS PR for Day Software
Barfuesserplatz 6 T 619 516 2559
4001 Basel, Switzerland
T +41 61 226 98 98

E-Mail roger.maeder@day.com E-Mail day@lewispr.com



The complete Financial Results for Third Quarter for Fiscal Year 2005
is on file with the SWX and is available from the Investor Relations
section of our web site at www.day.com.
The English text of this press release represents the binding
version.


The full report including tables can be downloaded from the following
link:
View document

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WKN: 936168; ISIN: CH0010474218; Index: SPI, SPIEX, SSCI;
Listed: Main Market in SWX Swiss Exchange;
Related Links: Day Software Holding AG
Author:
Hugin
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