EANS-News: Beta Systems achieves an increase in profit in the first quarter of 2010 despite a marginal decline in revenues

- Cost management takes effect: increase in EBIT to € 0.5 million
(Q1/2009: € -0.1 million)
- Following a strong previous year's
quarter, revenues decline to € 18.5 million in line with expectations
Q1/2009: € 20.3 million)
- Signs of recovery in the ECM solution
business: first major order from the banking sector for almost
12
months, with the desired effect of sending a positive signal
-
Stable maintenance business: operating cash flow climbs to € 11.7
million (Q1/2009: € 10.7 million)
- Positive result for the period
(after tax) of € 0.3 million and earnings per share of € 0.02

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Company Information

Subtitle: - Cost management takes effect: increase in EBIT to € 0.5
million (Q1/2009: € -0.1 million) - Following a strong previous
year's quarter, revenues decline to € 18.5 million in line with
expectations Q1/2009: € 20.3 million) - Signs of recovery in the ECM
solution business: first major order from the banking sector for
almost 12 months, with the desired effect of sending a positive
signal - Stable maintenance business: operating cash flow climbs to €
11.7 million (Q1/2009: € 10.7 million) - Positive result for the
period (after tax) of € 0.3 million and earnings per share of € 0.02

Berlin (euro adhoc) - Berlin, April 29, 2010 - Beta Systems Software
AG (BSS, ISIN DE0005224406) started the year by delivering a profit
in the first quarter of 2010. Whereas, in the year-earlier quarter,
which was mostly unaffected by the economic crisis, a series of
larger license agreements were signed, customers held back on placing
larger orders in the first quarter of 2010, as expected. Nonetheless,
individual major orders with license volumes in the million range
were generated both in the infrastructure business (DCI/IdM Lines of
Business) and in the ECM solutions business in Germany and abroad. As
a result, the downturn in revenues of a maximum 10% across all
segments and at Group level remained within the expected range of
fluctuation in the first quarter of the fiscal year.

The Board of Management and general managers had already taken the
precaution of responding to a decline in revenues by stepping up the
implementation of short-term cost cutting measures decided at the end
of 2009 and by using the tool of short-time work in the relevant
locations, with tight control on expenses and investments throughout
the whole company. As a result, the quarterly results were raised
above the previous year's level, a period during which a profit was
recorded for the first time. At the same time, the cash flow from
operating activities rose by EUR 0.9 million on the back of the
stable maintenance business, enabling short-term finance to be
significantly scaled back.

Statement by the Management Board "I take it as a good sign that we
started the fiscal year 2010 with a profitable first quarter.
Nonetheless, the situation in the IT market remains tense, as
reflected in our revenues in the first quarter which is generally
weaker in our experience. For this reason, we successfully stepped up
our efforts on the cost front. We are nevertheless cautiously
optimistic and anticipate a gradual releasing of the backlog in IT
investment. We hope that, for instance, the first major order in the
ECM solutions business for almost 12 months will have the desired
effect by sending a positive signal. The current rounds of
negotiation with customers, especially those in the financial sector,
are arguments which support this assumption although we can only
reckon on a recovery in demand from the third quarter of 2010 onwards
at the earliest", explained Gernot Sagl, Board Member of Beta Systems
Software AG.

The full Report on the first three months of 2010 will be released on
May 4, 2009 and posted on the company's website at
http://www.betasystems.com under the heading Investor
Relations/Financial Reports.

Disclaimer All amounts cited in this information by the Company and
information derived therefrom (e.g. percentage figures) are figures
fully rounded up to thousands of euros as presented in the summarized
Consolidated Financial Statements as at March 31, 2010.

End of the press release

Beta Systems Software AG - Agility Integrated Beta Systems Software
AG Berlin (Prime Standard: BSS, ISIN DE0005224406) develops
high-profile software products and solutions for the automated
processing of large volumes of data and documents. These products and
solutions serve to enhance process optimization, improve security and
make IT more agile. They guarantee compliance with business
requirements in respect of governance, risk management and compliance
(GRC) and raise the performance of a company's IT in respect of
availability, scalability and flexibility.

Beta Systems´ IT infrastructure software product segment
(Infrastructure & Operations Management) is geared towards optimizing
job and output management in data centers across all sectors. In
addition, Beta Systems offers products for automating IT user
administration to companies with high numbers of users. In its ECM
Solutions Division (ECM & Document Solutions) Beta Systems develops
customized solutions for large enterprises in the financial services
sector, industry and trading in the areas of payments, processing of
incoming post and general document management.

Beta Systems was founded in 1983, has been a listed company since
1997, and has a workforce of more than 600 employees. The company´s
principal place of business is Berlin. Beta Systems operates through
Centers of Competence in Augsburg, Cologne and Calgary, as well as 20
subsidiaries worldwide and cooperations with numerous partner
companies. Throughout the world more than 1,400 customers use the
products and solutions of Beta Systems in more than 3,300 running
installations. At present, Beta Systems generates 40 percent of its
sales from international business. Around 200 of its customers are
based in the USA and Canada. More information on the company and its
products can be found under www.betasystems.com.

end of announcement euro adhoc
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ots Originaltext: Beta Systems Software AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Press contacts

Company contact:

Beta Systems Software AG

Stefanie Frey

Investor Relations

Tel.: +49 (0)30 726 118-171

Fax: +49 (0)30 726 118-800

e-mail: stefanie.frey@betasystems.com

Agency contact:

HBI PR&MarCom GmbH

Alexandra Osmani,

Alexandra Janetzko

Tel.: +49 (0)89 99 38 87-37/-32

Fax: +49 (0)89 930 24 45

e-mail: alexandra_osmani@hbi.de

e-mail: alexandra_janetzko@hbi.de

Branche: Software
ISIN: DE0005224406
WKN: 522440
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade