Regulatory News:
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Estimated revenue below objective
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Estimated operating margin in upper range of objective
InfoVista (Paris:IFV)(Euronext: IFV, ISIN: FR0004031649), a
global leader of service performance assurance, today announced that it
expects revenue for the fourth quarter and fiscal year 2011, to be
approximately €11.4 million and €45.8 million, respectively, compared to
its annual objective of €47 million. Therefore, total revenue growth was
7% for the fiscal year. Based on preliminary estimates, operating margin
for fiscal year 2011 is expected to be approximately 9%, which is at the
higher end of InfoVista’s 7% - 10% operating margin objective. As a
result, operating income is expected to increase year-on-year by more
than 65%.
Philippe Ozanian, InfoVista Chief Executive Officer, stated, "We ended
our fiscal year slightly below our revenue objective and in the higher
range of our operating margin objective. Over the past three years, we
have significantly improved the productivity of our organization
executing on our commitment to grow operating income. Our optimized
sales organization targets high-value deals, which may result in lumpy
quarters from time to time. This was evidenced in the fourth quarter
where a few large deals did not come to closure. In fact one of these
deals for approximately € 1 million was received in the first days of
July and as of today we are finalizing its term and conditions to
determine which portion of that deal could be recognizable in this
September quarter. Despite the disappointment of not reaching our top
line objective we remain confidence in our business particularly as our
operating margin performance comforts us in our strategy to deliver
strong financial results.”
Conference call
InfoVista will host an investor conference call on July 12, 2011 at 9.00
a.m. (EST) / 2:00 p.m. (UK) / 3:00 p.m. (Continental Europe). The call
will be available by dialing France +33 (0)176 742 428, North America +1
631 510 7498 and +44 (0) 1452 555 566 in the UK. In each case, the
access code is 81311875. A replay will be available shortly after the
end of the call at the following numbers: France: +33 (0)176 700 244,
UK: +44 (0) 1452 55 00 00, North America: +1 631 510 7499– all with
access code 81311875#.
About InfoVista
InfoVista enables managed service providers, mobile operators, broadband
operators and enterprise IT organizations to ensure the availability and
quality of the services they deliver at the lowest possible cost,
empowering these organizations to successfully make the transformation
from infrastructure providers to service providers. Our customers rely
on InfoVista’s proven solutions for service and infrastructure
performance management to successfully launch new and high performance
services, foresee potential service issues before they impact end users,
reduce customer churn, and invest appropriately. Sample customers
include Bell Canada, Bharti, BNP Paribas, Cable & Wireless, Citigroup,
Deutsche Telekom, KPN International, Microsoft, SFR, SingTel, T-Mobile,
Telefonica, Telstra, and Wells Fargo. InfoVista is traded on the
Euronext Paris (FR0004031649) and can be found online at www.infovista.com.
Except for historical information contained herein, the matters
discussed in this news release are "forward looking statements." These
statements involve risks and uncertainties which could cause actual
results to differ materially from those in such forward-looking
statements; including, without limitation, risks and uncertainties
arising from the rapid evolution of our markets, competition, market
acceptance of our products, our dependence upon spending by the
telecommunications industry and our ability to develop and protect new
technologies. For a description of other factors which might affect our
actual results, please see the "Risk Factors" section and other
disclosures in InfoVista's public filings with the French Autorité des
Marchés Financiers. Readers of this news release are cautioned not to
put undue reliance on any forward-looking statement. The Company
undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events or
otherwise.
