GENESYS Conferencing Reports First Quarter Results for 2008

Market Wire, May, 2008

GENESYS CONFERENCING

Note to the Consolidated Financial Statements

(Unaudited IFRS, in thousands of euros)

 ------------------------- -------------------- -------------------- 
|                         |Three months ended  |Three months ended  |
|                         |                    |March 31            |
 ------------------------- -------------------- -------------------- 
|                         |            March 31|                    |
 ------------------------- -------------------- -------------------- 
|NOTE A - EBITDA          |2007                |2008                |
|calculation              |                    |                    |
 ------------------------- -------------------- -------------------- 
|Operating income         |               3,211|               6,397|
 ------------------------- -------------------- -------------------- 
|Amortization of          |                 573|                 509|
|intangibles              |                    |                    |
 ------------------------- -------------------- -------------------- 
|Depreciation             |               2,046|               1,978|
 ------------------------- -------------------- -------------------- 
|Stock-based compensation |                 228|                 144|
 ------------------------- -------------------- -------------------- 
|EBITDA                   |               6,058|               9,028|
 ------------------------- -------------------- -------------------- 

GENESYS CONFERENCING

Consolidated Statements of Cash Flows

(Unaudited IFRS, in thousands of euros)


 

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