Trolltech Delivered Revenues of NOK 55.6 Million

Announcing Q1 2008 Financial Results

Oslo, Norway, 08 May - 2008 - Trolltech® announced the financial results for the first quarter 2008. Trolltech ASA generated revenues of NOK 55.6 million in the first quarter, which constitutes a year-over-year revenue growth of 15.5 percent. There has been a positive sales trend in Q1 driven by the sales of the Qt® application framework and Qtopia® software.

- We continue to build our business through an increasing number of market leading customers. Trolltech has a global client base in a wide range of industries, ensuring that Qt continues to be a world-class cross-platform tool at the forefront of innovation, says CEO Haavard Nord.

6th of May a new version of Trolltech’s flagship product Qt was released. The new Qt 4.4 features enable software developers to build advanced user interfaces that incorporate real-time web content and services more smoothly than previously possible, as well as to create applications supporting both Windows CE and embedded Linux devices from one code base.

Qt is a cross-platform application framework that enables programmers to deploy their applications on desktop and embedded platforms, while Qtopia is a platform and user interface for Linux-based devices.

Trolltech’s revenue is primarily generated from license sales, subscription and support services. Operating costs remained under control and there was, as planned, a stable growth of employees to support the increased customer base of over 5000 customers.

On January 28, 2008, Nokia and Trolltech announced that Nokia intended to make a public voluntary tender offer to acquire Trolltech.
- The acquisition is expected to be completed by the end of second quarter of 2008, as previously announced in the press release from Nokia, January 28, says CFO Knut Stålen.

 

Press contacts        
Knut Stålen   
CFO    
Trolltech    
+47 21 60 48 00 
  

Siw Hauge
PR Manager Europe
Trolltech
+47 90 61 59 92

 

 

About Trolltech:

Trolltech provides cross-platform software development frameworks and application platforms. Trolltech’s Qt is used in popular software such as Skype®, Google Earth, Adobe® Photoshop® Elements, Lucasfilm® and by more than 5000 customers worldwide. Trolltech’s Qtopia® has enabled a new generation of exciting consumer devices such as mobile handsets, video-phones, set-top boxes and media players. Trolltech’s software has shipped in more than 10 million devices.

Trolltech’s products enable companies to easily build and deploy software across a wide range of operating systems and electronic devices. The company serves desktop and embedded application providers, as well as consumer electronics and mobile vendors, who face challenges in delivering user-friendly and differentiated software. Trolltech enables customers to accelerate innovation, shorten time to market and increase revenues. Trolltech’s software improves the user experience by increasing the appeal and quality of customer's applications on desktop and devices. The future proof Qt software allows developers to code less, create more and deploy anywhere.

Trolltech supports open source and commercial customers. The company has offices in California, U.S.A.; Brisbane, Australia; Beijing, China; Berlin and Munich, Germany; Oslo, Norway. It is listed on the Oslo Stock Exchange under the ticker symbol TROLL. For more information about Trolltech, please visit www.trolltech.com.