Continued strong growth in the first quarter

During the first quarter of 2010, Emailvision’s revenues grew to €9.0 million, an increase of 45% compared to the first quarter of last year (+44% at constant exchange rates).

All markets contributed to revenue growth. This performance is a result of stronger demand for the company’s software service. Based on these results, management has raised 2010 full year revenue growth objectives to over 35%, compared to more than 30% previously announced.

The Group won 219 new clients during the quarter, taking the total up to 2,200. Emailvision also opened a new office in Finland (Helsinki). Already present in ten countries, including Sweden, this new office expands Emailvision’s presence in the Nordic countries.

Emailvision is on target with its recruitment plan as it expands internationally. The company recruited 60 new people in the first quarter, including 10 engineers in the R&D team. The total number of staff at 31 March 2010 was 270.
 

Good visibility of future revenues

The Group’s backlog as at 31 March 2010 reached €41.7 million, increasing by 42%. This backlog growth provides improved visibility into future revenues.

Management confirms its confidence in its market share growth strategy, based on technology innovation, “high-touch” client support, and international coverage.
 

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