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From the picture bank
Gauss says it wishes profit in second half
2002-04-03 admin
Gauss Interprise, a European maker of enterprise content management systems quoted on the Frankfurt stock exchange, says it wishes to get into black figures in the second half of 2002 after a 72% rise in revenue to 38.2 million euro last year, up from 19.1 in the year 2000.
Losses were down to 39.3 million euro from 116.9 M euro in 2000, the company said.
Over half the revenue now comes from the USA, a quarter from Germany, and one fifth from other European countries.
According to reports in Germany revenue rose
slightly to 10.7 M euro.
In its Hamburg headoffice Gauss had to cope with a major scam by a manager,
that made the loss over 2001 grow 1 million euro, but no further details of how such scam was possible were released.
The culprit was caught out
in February and now faces court proceedings.
On the brighter side, Gauss signed up the prestigious international institute of electronics engineers (IEEE) a week ago, and also counts BMW, DaimlerChrysler and USA Today among its loyal clients.
The company currently has a strong presence in Europe with offices the UK, the Benelux, Spain, Sweden, Switzerland and Poland, on a par with the only other original
European competitor in the ECMS market, Tridion from Holland.
Gauss has cut its workforce from almost 500 to 280 people. The company sold its consulting branch.
now revenues could grow in Europe and the USA this year, the company predicts.
Mr Vincent Litjens, managing director for the Benelux, comments that particularly Gauss's end-to-end solutions including workflow and document management will pull the company through this period of economic downturn. He acknowledged that the market often underestimates the cost of acquiring and implementing an ECMS.
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