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Hubwoo Announces Q4 2010 Results

PARIS Jan. 27, 2011 European Transparency Obligations Directive

Greg Mark "We are pleased to announce the achievement of a record quarter in the history of our company, capping off a record year. This success is due to continued strong demand for SRM within the SAP customer base, continued market demand for solutions that drive rapid cost savings, and rising demand for, and acceptance of the cloud deployment model.  We continue to be pleased with the organic growth the company has experienced and look forward to 2011 with continued confidence as we deepen our relationship with SAP and the SAP Partner ecosystem."

  1. Revenues:

in euro million

Q1

2009

Q1

2010

Q2

2009

Q2

2010

Q3

2009

Q3

2010

Q4

2009

Q4

2010

% Q4 Change

2010 / 2009 (*)

FY

2009

FY

2010

% Change

2010 / 2009

(*)

Consolidated

Revenue

9.1

8.6

8.9

9.1

8.1

9.6

8.5

10.3

+22%

34.6

37.6

+9%

SaaS (**)

7.0

6.9

7.0

7.0

6.8

7.2

6.9

7.8

+13%

27.7

28.9

+4%

Services

2.1

1.7

1.9

2.1

1.3

2.3

1.6

2.6

+60%

6.9

8.7

+27%

(Q3 and Q4 non Audited figures)

(*) Percentages calculated on exact numbers, not the rounded numbers shown
(**) SaaS is a model of delivering technology where a software solution is hosted (cloud computing) as a service for its customers.
Clients do not buy the technology but pay a subscription fee to use it.

euro 37.6 million

2010 services revenue was up 27% from 2009, largely due to the implementation of several significant new SRM customers as well support of on-premise and SAP Sourcing On-Demand deployments.

Q4 2010 revenues showed significant increase compared to Q4 2009 (+22%), with the services component up 60%, showing improved market conditions for both new customers as well as for incremental solutions and services to existing customers.

euro 1.9M euro 2.2M

Europe

2.  General description of the financial situation

Cost and investment

Following continued efforts in cost optimization, restructuring of specific areas of the business and reallocation of resources in those areas capable to deliver stronger growth and profitability, EBITDA of 2010 will show a significant improvement over 2009.

March 31st

3. Major Q4 2010 events

Sara Lee

Eddie Misrahi Gregory Mark

Greg Mark "

A new Director will be appointed at the upcoming Hubwoo Board of Directors meeting next week.

A milestone of 130,000 active businesses was reached on the Hubwoo Business Network Collaboration Hub in Q4 2010, up 86% from Q4 2009.  Network critical mass is a core component of Hubwoo’s future revenue streams as we move into areas of business networking driven financial and informational derivatives.

About Hubwoo www.hubwoo.com

Carl Zeiss Europe Asia

Compartment C on the Euronext Paris Eurolist

FR0004052561 HBW.NX HBWO.PA HBW:FP

SOURCE Hubwoo

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