Transalis Reports Strong Q2 Results

Transalis profits continue to rise on strong cloud EDI sales

Transalis the leading provider of B2B OpenEDI SaaS cloud managed services, has reported a rise in quarterly profits, thanks to strong sales of its range of cloud EDI offerings.

2011 Q2 Interim Statement & Key Ratios

• Sales to end of June 2011 up 35% on Q2 sales for previous year.
• Cost of Sales to end of June 2011 down 54% on Q2 cost of sales for previous year.
• Gross Profit to end of June 2011 was 98% up from 95% for Q2 for previous year.
• Adjusted EBIT to end of June 2011 was 66.9%.
• Adjusted EBITDA to end of June 2011 was 67.3%
• Recurring Revenue to end of June 2011 was 90.69%.
• Onetime Revenue to end of June 2011 was 9.31%.

Transalis said customers had been buying its cloud EDI applications, which allows business critical EDI applications to be accessed securely via remote servers, at an “increasing rate”.

The company said the “strong results were excellent news especially in the current global economic climate and proof that Transalis offerings were what the market wanted”. Transalis Cloud OpenEDI is available anywhere @ www.Cloud9EDI.com

“Customers are purchasing Transalis offerings at an increasing rate, and businesses of all sizes are purchasing Transalis OpenEDI SaaS cloud services and applications,” said Joint Managing Director, Paul Simpson.

The company also said it was seeing strong take-up of its cloud EDI services by a wide range of businesses, large and small, throughout the growing EMEA market place as more businesses realised the potential and considerable advantages of Transalis OpenEDI cloud managed services.

Contact
Adam Swanson, Business Development Manager
T    UK 0845 123 3746 Int +44 1978 369 343
M   07500 963 078
E    aswanson@transalis.com
E    info@transalis.com