Dalet Revenue Grows 3 Percent in Q1 2014

Posted by Joe Zaller
May 06 2014

MAM and newsroom specialist Dalet reported that its consolidated revenue for the first quarter of 2014 was €7.6m, up 3% versus the same period a year ago, and down 25.5% versus the previous quarter.

On a geographic basis, Europe represented 55% of revenues in the quarter, the Americas represented 26%, Asia-Pacific was 14% and the Middle-East Africa region accounted for 5% of revenue.

Europe accounted for 48% of revenue, while MEA and Asia-Pacific accounted for 8% and 4% respectively.

Gross margins for the first quarter of 2014 were 79%, down from 85.1% last year. The company attributed the lower gross margins to a less favorable sales mix during the quarter.

The company did not disclose any other financial metrics, including profitability.

These results figures do not include any financials related to AmberFin, which Dalet acquired at the beginning of April 2014. Dalet says that it will begin consolidating AmberFin revenue into its accounts starting in Q2 2014.

AmberFin revenues for fiscal year ended 31/3/2013 were £4.6 million, with an operating loss of £1.1 million.

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Related Content:

Press Release: Dalet Announces Revenues for First Quarter 2014

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