Jena, December 18, 2009 – Intershop Communications AG (Prime Standard: ISH2) today announced that it has received a large order from one of the world largest technology companies to deliver their ecommerce platform based on its software Enfinity Suite 6.
The contract has an overall revenue volume in a mid seven-figure EURO range. The license revenue portion will be immediately recognized and support revenues will be recognized over the next six years. The company expects further revenues for follow-up services in a considerable amount.
As the license revenues will be posted in Q4 2009, Intershop is expecting a substantial positive result for the last quarter.
Furthermore, Intershop is increasing its guidance for the full year, which had been reduced due to the insolvency of its client Quelle Deutschland. It is now expecting revenues at the original forecast level with an increase by between 7 to 9 percent year-on-year to more than EUR 30 million and is anticipating a positive full year result.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.