Denver, Colorado and Montpellier, France – February 13, 2003 — Genesys Conferencing (Euronext: 3955) (Nasdaq: GNSY),the world’s leading conferencing specialist, today reported revenues (unaudited) for the fourth quarter and fiscal year ended December 31, 2002. All results are reported under French Generally Accepted Accounting Principles (GAAP). Fourth quarter 2002Fourth quarter revenues were € 46.4 (US$ 48.7) million, compared to € 54.5 (US$ 57.1) million in the fourth quarter of 2001. The decline in revenue was primarily due to the weakening U.S. dollar and the continued shift to automated services, which have lower per minute rates than operator-assisted services. Total call volumes were 316.4 million minutes, up 33.5% over the same period last year. Automated services, whose volume increased 74.9% versus 2001, accounted for 60.3% of total revenues and for 77.3% of total call volumes. Fiscal year 2002For the fiscal year ended December 31, 2002, revenues reached € 201.4 (US$ 211.2) million, versus pro forma € 212.0 (US$ 222.3) million in 2001. The 5% decline in revenue was primarily due to the weakening U.S. dollar and the continued shift to automated services. Excluding the impact of currency fluctuations in 2002, revenues would have reached € 207.9 (US$ 218.0) million, a decrease of 1.9%. Total call volumes were 1.162 billion minutes, up 33.8% from 2001. Automated services, whose volume increased 88.7% versus 2001, reached 71.5% of total call volumes and 54.5 % of total revenue. The Company’s fourth quarter and 2002 reported revenues are in line with previously issued guidance. The decrease in revenues continues to reflect the strong acceleration of lower priced but higher margin automated services deployment. Management expects the migration to automated services will continue through 2003. It expects revenue growth to resume once automated services reach approximately 70% of the total revenue. Financial calendarManagement is providing the following dates for earnings releases: |