Claranova: A sustained growth dynamic
The first quarter of the calendar year is seasonally weak for Claranova. Nevertheless, it remains important in terms of trend. That being said, at constant scope and exchange rates, Claranova maintained the very strong growth rate of previous quarters and posted a 33% increase in revenue (compared to +33% in Q4 and +32% in Q3). In absolute terms, i.e. taking into account the acquisitions made by the Internet division and the positive currency effects, the increase in revenue was 69%! It's better than we expected.
Avanquest Software and its subsidiaries are engaged in manufacturing and distributing of communication software. Co. markets its communication software through Original Equipment Manufacturer (OEM) agreements signed with international modem, computer and cellular phone vendors. Co. also sells its communication software "in shops" through a network of Resellers and, currently, on its Web sites. In addition to the software, Co. provides customers with the software medium (floppy disks or CD-ROM), and an electronics User Guide and online help, included with the product. Co.'s Customer Service department can also provide clients with technical assistance for its products.
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