However, it is sticking by its forecast that revenue this year will be flat or slightly up on the 774m euros ($851.4m) achieved in 2002, and it is looking for earnings per share to grow 8% to 1.18 euros ($1.29).

The fall in the value of the dollar has hit the Paris, France-based company, which maintains that on a constant currency basis, first-quarter revenue increased by 1%.

Source: Computerwire