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Confirmit Delivers 68 Percent Revenue Growth and 21 Percent EBIT Margin
Publish Date : 1/24/2008 4:22:00 AM Source : Software and ERP News Onlypunjab.com
Confirmit, the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM), increased revenue in the fourth quarter of 2007 by 68 percent to USD 12.8 million. EBIT for the fourth quarter amounted to USD 2.7 million, representing an EBIT margin of 21 percent. The fourth quarter revenue growth consists of 35 percent organic growth and USD 2.5 million consolidated revenue from the acquisition of Pulse Train Ltd.
Commenting on the results, Confirmit's CEO, Henning Hansen, said, "We are pleased with the strong performance in the fourth quarter, and for 2007 as a whole. It has been a very interesting year for Confirmit, with strong organic growth rates, the successfully integration of the Pulse Train business, and the doubling of number of employees. Looking into 2008, we are now in a position where we can more quickly deliver new products and innovations to the market and further strengthen our position as the leading vendor of software for Market Research and Enterprise Feedback Management".
Highlights:
- 68 percent revenue growth in Q4
- 35 percent organic revenue growth in Q4
- 21 percent EBIT margin in Q4
- 57 percent full year revenue growth
- 36 percent full year organic revenue growth
- 13 percent full year EBIT margin
- USD 2.2 million positive cash flow from operations
About Confirmit Confirmit is the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM). The company has more than 200 employees and offices in Oslo (headquarters), Guildford, London, Moscow, New York, San Francisco and Yaroslavl. Confirmit's software is also distributed through partner resellers in Milan, Santiago, Sydney, Tokyo, and Valencia. Confirmit became a public company in December 2005, and is listed on Oslo Stock Exchange under the ticker "CONF".
Confirmit targets Global 5000 companies and Market Research agencies worldwide with a wide range of software products for feedback / data collection, panel management, data processing, analysis and reporting. Customers include British Airways, Countrywide Financial, Dow Chemical, Experian, GlaxoSmithKline, Halifax Bank of Scotland, Hewlett Packard, Intrawest, Ipsos, Nielsen, The NPD Group, Safeco Insurance, Statoil, Symantec and Virgin Media. |
Chinese software managers to be trained in India
Publish Date : 1/28/2005 12:32:00 PM
Some 1,000 software managers from south China's Shenzhen city are to undergo training in India to improve their communication skills and etiquette, reports Xinhua.
Kalam launches new software for blind
Publish Date : 1/27/2005 12:23:00 PM
President A.P.J. Abdul Kalam Wednesday launched "Virtual Vision", a software for the blind, here on the occasion of India's 56th Republic Day.
InfoVista Reports Solid Second Quarter, Ahead of Top Line and Bottom Line Guidance
Publish Date : 1/26/2005 12:53:00 PM
InfoVista (Euronext Paris: FR0004031649, NASDAQ: IVTA), the leading service-centric performance management software company today announced record financial results ....
SEGA Sells Visual Concepts Entertainment to Take-Two Interactive
Publish Date : 1/25/2005 10:25:00 AM
SEGA(R) of America today confirmed that SEGA Corporation has agreed to transfer all common stock and related assets of Visual Concepts Entertainment (Visual Concepts)....
Transmeta Corporation Outlines Strategic Restructuring Plan
Publish Date : 1/24/2005 2:38:00 PM
Transmeta Corporation (NASDAQ:TMTA), the leader in efficient computing, today provided an update on its plans to modify its current business model to focus on licensing ....
Digital River Announces Filing of Shelf Registration Statements
Publish Date : 1/15/2005 10:38:00 AM
Digital River, Inc. (Nasdaq:DRIV) today announced that it has filed a universal shelf Registration Statement on Form S-3 and an acquisition shelf Registration Statement ....
Siebel Systems Completes Acquisition of edocs
Publish Date : 1/15/2005 10:34:00 AM
Siebel Systems, Inc. (NASDAQ:SEBL), a leading provider of business applications software, today announced that it has closed its acquisition of edocs, Inc., a leading provider ...
DataMirror Adds Experienced Management to North American Sales Team
Publish Date : 1/14/2005 2:19:00 PM
DataMirror(R) (TSX:DMC)(NASDAQ:DMCX) today announced that Mr. Paul Gilbert has been named Vice President of Sales for the United States and Canada.
Bocada Achieves Record Results in 2004
Publish Date : 1/14/2005 11:23:00 AM
Bocada, Inc., the leading provider of data protection performance management software, today announced record results for its fiscal year ended December 31, 2004.
eBay to Acquire Kurant Assets
Publish Date : 1/14/2005 10:56:00 AM
Kurant, a leading provider of e-business software for small and medium-sized businesses (www.kurant.com), and eBay, the World's Online Marketplace...
Total Results : 42 More News (Opens in New Window) : [1] 2 3 4 5 Next Page
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