Dalet, a provider of media asset management solutions, reported that its consolidated revenue for the first quarter of 2012 was €7.7m, an increase of 7% versus the same period a year ago, and down 23% versus the previous quarter.
Gross margin for the quarter was 81%, up from 69% last year, and down from 82% last quarter. The company attributed the year-over-year margin expansion to an improvement in sales mix.
Licensing revenue in the quarter was €2.4m (31% of sales), up 85% versus last year. Revenue from professional services in the quarter was €2.2m (29% of sales), up 15% versus last year. Recurring support revenue was €1.54m (20% of sales), up 34% versus last year. Resale of hardware contributed €1.77m (23% of sales), down 33% versus the same period a year ago.
Dalet also reported that it currently expects to invoice €18m from its order backlog during the full year 2012.
Press Release: Dalet: Revenues for First Quarter 2012: €7.7 Million, +7% – Gross Margin up by 25%
Previous Quarter: Dalet Revenue Jumps 22 Percent in 2011, Reports Strong Backlog for 2012
Previous Year: Dalet First Quarter 2011 Revenue Jumps 118 Percent
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