CIMdata PLM Industry Summary Online Archive
3 May 2005
Financial News
Arbortext Reports 53% Revenue Growth for the 1st Quarter
Arbortext announced its 15th consecutive quarter of record revenue, reporting 53% revenue growth for the 1st quarter of 2005. The company's continuing success is fueled by the growing demand of organizations to automate the assembly and publishing of information.
Enterprise publishing represents the next generation in traditional desktop publishing and word processing software. It enables companies to create information as components, and then use them as building blocks for larger documents. Once implemented, information is more accurate, timely and better tailored to the specific needs of the audience, even an audience of one. Arbortext software enables organizations to implement a publishing strategy that addresses these demands.
Raymond Schiavone, Arbortext's President and CEO, said, "Our focus this year is to grow sales through worldwide channel expansion, continue product innovation through vertically-focused enterprise publishing applications, and expand market leadership through aggressive sales and marketing programs. The combination of each of these efforts means Arbortext is well positioned for continued success."
First Quarter Highlights
• Closed 15th consecutive quarter of record revenue
• Reported over 45% growth in every component of revenue, including licenses, maintenance and services
• Posted 65% growth in bookings globally
• Signed strategic partnerships with Fuji Xerox (Japan), T-Systems (Germany) and HP (Singapore)
• Won significant orders from numerous customers, including AAI Services Corporation, Canadian Departments of Finance and Justice, GlaxoSmithKline, Guidant, Havelsan, Northrop Grumman, Sankyo Co. Ltd, Taisho Pharmaceutical Co. Ltd, Toyota, TnQ, Tusas Aerospace Industries and UCG.
• Joined XBRL (eXtensible Business Reporting Language) International Consortium, a worldwide group of organizations and agencies dedicated to developing XBRL
• Appointed Michael McGrath as Country Manager for Australia/New Zealand
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