He said it was a breakout year for its Product Development Management (PDM) applications, which help businesses manage the data generated during a product’s development process, where revenue rose 25.4% to 82.7m euros ($90.1m).
In the fourth quarter to December 31, net income fell 2.9% to 53.2m euros ($57.9m) on revenue 0.4% lower at 224.4m euros ($244.6m). For the year, net income was 5.6% lower at 136m euros ($148.2m) on revenue up 3.8% at 774.1m euros ($843.8m).
It is targeting revenue growth of 7% this year on a constant currency basis, but with the slide in the dollar against the euro, it believes that actual revenue for the year will be flat or slightly above this year’s level.
Source: Computerwire
