|
|||
![]() |
|||
2012-03-19 09:49:05 CET 2012-03-19 09:49:41 CET REGULATED INFORMATION BasWare - Company AnnouncementBasware Corporation's external reporting in 2012Basware Corporation Stock Exchange Release, March 19, 2012 at 10:50 Basware Corporation's external reporting in 2012 As of the first quarter in 2012 Basware Corporation reports one operating segment: Purchase to Pay, P2P. Previously Basware reported geographical operating segments Finland, Scandinavia, Europe and Other. The change in reporting follows the organization change effective as of January 1, 2012: Basware Corporation changed regional organization structure to functional organization, common to all Purchase to Pay products and services. Purchase to Pay operating segment's figures correspond to the reported consolidated figures of Basware Corporation. Basware Corporation's financial results for 2011 have been reported in a stock exchange release on January 25, 2012. Basware Corporation's business comprises one operating segment being Purchase to Pay, P2P. Purchase to Pay business is further divided into two mutually supportive market segments, products and services. In both market segments customers are offered the same basic functionalities as per customers' functionality and performance requirements. The products and services are offered to all potential customers. Basware Purchase to Pay products and services suit all industries and companies of different sizes. As earlier, Basware reports income for products and services as follows: License sales, Professional Services, Maintenance and Automation Services. License sales consists of Purchase to Pay product family together with payment, financial planning and reporting solutions sold only in Finland. Automation Services include e-Invoicing, scanning services, printing services, catalogue management, purchase message exchange, activation services and SaaS services. As earlier, Basware reports the estimated revenue to be recognized for current Automation Services agreements in production in the next twelve months. Automation Services agreements typically expand several years or are valid until further notice. As geographic information Basware reports geographical areas Finland, Scandinavia, rest of the Europe and Other. In the geographical information net sales is split by customer's location. Net sales and operating profit are also reported by the location of the assets. In annual financial statements the geographical information of non-current assets is reported by the location of the assets. Basware Corporation For more information, please contact: Mika Harjuaho, CFO Tel. +358 50 337 8599 Distribution: NASDAQ OMX Helsinki Ltd Media [HUG#1595259] |
|||
|