TeleTrader Software AG Reports a Marked Increase in Sales in 2009

VIENNA, Austria, March 2, 2010 /PRNewswire/ --

- Total Revenue up 9%

- Ambitious Product and Sales Targets for 2010

Today, TeleTrader Software AG (Vienna Stock Exchange: TTAG, ISIN: AT 0000713854), which is listed on the Viennese Stock Exchange, published provisional figures for fiscal 2009. In a challenging market environment, the international software company succeeded in increasing sales by some 9% to EUR 6.71 million in 2009. This marked growth is attributable, in particular, to the positive performance in Germany (plus 32%) and in the overseas areas serviced by TeleTrader, namely the USA and Japan (plus 55%). "This marked increase in sales against the general trend in the IT market in 2009 must be rated even more highly given that many of Austria's well-known software companies have had to accept sharp falls in sales in some areas," says Roland Meier, CEO of TeleTrader Software AG, with satisfaction, as he takes stock of fiscal 2009.

In tune with the positive trend in sales, TeleTrader also improved its results significantly in the fourth quarter of 2009. With earnings on ordinary activities (EGT) of TEUR 101, the Company achieved the second highest Q4 profit in TeleTrader's history. As a result of this trend reversal, the EGT for the year in 2009 was improved to TEUR -73 (Q3 EGT: TEUR -174).

"TeleTrader's positive performance, particularly in the current difficult macroeconomic environment, shows that the course adopted by TeleTrader - internationalization combined with focusing its product range - is correct," comments the Company's founder and Chairman of the Supervisory Board, Christian J. Baha, on the developments in 2009, adding: "The fact that TeleTrader now ranks as a permanent fixture among the providers of financial data in Germany and Switzerland, too, demonstrates the Company's good performance and also makes me proud of TeleTrader."

    2009 - A year of successful product innovation

    - TeleTrader Professional analysis tools revised and expanded to
      include MSCI and Dow Jones data
    - TeleTrader Analyzer used by more international banks
    - TeleTrader Mobile started with real-time data

In 2009, MSCI index data and additional foreign language news services from the Dow Jones family were added to TeleTrader's leading product "TeleTrader Professional". The work on completely redesigning the automated technical analysis tools was also largely completed and these will be launched in the first quarter of 2010 with Release 8.0.

Since 2009, TeleTrader Analyzer has also been offered to users of Sungard Market Map in a joint venture with the international Sungard Group and this means that it is already used in banks such as Credit Suisse, Clariden Leu and Raiffeisen Switzerland.

The Company achieved a genuine first in the form of TeleTrader Mobile in 2009. TeleTrader Mobile is a browser application for smart phones, which can supply multiple end devices from iPhones to Blackberrys with real-time data. It is also available in combination with the TeleTrader Professional application, meaning that stock market fees do not have to be paid twice. Access figures for TeleTrader Mobile have more than doubled since the launch of the new version.

2.2 billion security queries in 2009

Current market conditions are also very technically demanding for any data provider. In 2009 alone, the data volume transmitted by Deutsche Borse increased by more than 30% to over 65,000 data batches every 10 seconds. In 2009, the data supplied to customers by TeleTrader reached an all-time high at approximately 2.2 billion queries, which equates to an increase of some 40% year on year. This is why it is important for TeleTrader to guarantee that its own system has a level of availability of well above 99%. It more than succeeded in this even when faced with the challenges of 2009 through a consistent improvement in the quality of TeleTrader systems. As a result, investment of almost EUR 1 million in the past three years has more than paid off.

2010 - A year of more growth and new product features

"TeleTrader has set itself a deliberately ambitious target for 2010 with planned growth in sales of 14% to just under EUR 7.6 million," states Roland Meier, explaining the way forward. "We also want to attract attention with some product innovations," he adds.

In the next few days, the latest Release 8.0 of TeleTrader's flagship product "TeleTrader Professional," which includes a completely new version of TeleTrader Language allowing traders to compile their own studies with new indicators and trading signals, will be launched on the market. It also contains an extension to the Pivot Point drawing tool and Fibonacci instruments, as well as tools to facilitate cooperation between users with the option of sending files, studies and images electronically. Further trading integration tools allowing users to trade directly with various brokers are also expected in the course of 2010.

TeleTrader - The leading innovator in the financial data sector

"In recent years, TeleTrader has shown that we have been able to develop new customers and regions with both existing and new products," Roland Meier sums up. "We aim to continue on this successful course with solutions to meet future demand for mobile information, for tools to allow the integration of brokers in trading, but also with various innovations in the area of algorithmic trading. In this regard, we shall press ahead with expanding both the quantity and the quality of our data," he concludes.

TeleTrader Software AG:

TeleTrader Software AG is an international software company specializing in software and web-development in the financial data and stock market sectors, which also supplies its own market data feed. TeleTrader operates in a total of 17 countries within Europe and beyond. It focuses predominantly on German-speaking countries as well as on Central and South Eastern Europe. TeleTrader is the market leader in providing and presenting financial and stock market data for banks, brokers, financial portals and the media in Austria and Hungary.

    For further information, please contact:

    Roland Meier
    TeleTrader Software AG Salzgries 15 1010 Vienna
    Tel.: +43-1-533-16-56-0
    E-mail: [email protected]

SOURCE TeleTrader Software AG