Artwork Systems Evaluates Strategic Options

During the first quarter of fiscal year 2007, the split in revenue was as follows: products amounted to 64 percent and services amounted to 36 percent. The gross margin amounted to 83.19 percent. The company’s management confirms that these results indicate a slow start for the year, but this was expected, as business remains weak.The percentage of revenues for each regional market changed slightly. The share of the Americas increased from 39 percent to 41 percent while Europe decreased from 54 percent to 49 percent. Asia’s share increased from 5 percent to 8 percent while the rest of the world remained stable at 2 percent. Artwork Systems says the decrease of the U.S. dollar had a negative impact of 3.4 percent on net revenue for the first quarter of fiscal year 2007.