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CRM Facilitator Seagull Announces Results
[May 29, 2006]

CRM Facilitator Seagull Announces Results

TMCnet Contributing Editor

Seagull Software, a vendor of software products for connecting legacy applications to Internet architectures, has announced that it expects to report revenue in the range of $27 to $28 million for the financial year ended 30 April 2006, an increase of approximately 19 percent as compared to $23.4 million for the previous financial year.

On a pro forma basis net income for the year is expected to be approximately $100,000, as compared with a loss of $908,000 for the previous year. First Coffee detects progress.

“Growth was our primary focus during FY 2006 so we are extremely pleased with the strong growth that the company achieved in FY 2006, and with our ability to generate pro forma profit for the year,” commented Don Addington, CEO and President of Seagull Software.

Industry observer Stuart Wilson reported in early May that Seagull signed up Farabi Technology Middle East as an authorised distributor for the Middle East and North Africa region, saying “FTME will market, sell and support the full range of Seagull software tools” and products.

The agreement enables FTME to “offer a wide spectrum” of products that can” transform legacy business applications into service-oriented architecture assets, complemented by business process management, tools,” Wilson says.

On an International Accounting Standards (IAS) basis, the company expects to report a net loss in the range of $900,000 to $1 million, including deferred stock compensation costs and amortization of intangible assets.

The company plans to publish final audited fourth quarter and annual results for the Financial Year ending 30 April 2006 on 22 June 2006.

Seagull Software specializes in technology that transforms “legacy” applications into SOA-compliant Web services. Their LegaSuite product lets users connect legacy applications on IBM (News - Alert) mainframe, ICL mainframe, iSeries, UNIX/VT and Windows client/server platforms to the Web, to other middleware and to newer-generations of applications such as portals, CRM and SCM.

LegaSuite is based on open standards including Web services, XML, J2EE and .NET.

David Sims is contributing editor for TMCnet. For more articles please visit David Sims’ columnist page.

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