CIMdata PLM Industry Summary Online Archive
10 February 2005
Financial News
Arbortext Reports 65% Revenue Growth for the 4th Quarter
Arbortext, Inc. announced its 14th consecutive quarter of record revenue, reporting 65% revenue growth for the 4th quarter and 38% growth for the full year in 2004. The company's continuing success is being fueled by a growing demand from more and more organizations that must successfully manage large scale and complex publishing needs.
Enterprise Publishing is one of the last great frontiers of enterprise productivity and its impact on business revenue can be substantial. A tremendous opportunity exists for corporations to reduce costs, improve information quality, and increase customer satisfaction by streamlining and automating the processes around creating and sharing information. Arbortext Enterprise Publishing software enables organizations to automate this core business challenge.
Raymond Schiavone, Arbortext's President and CEO, said, "We continue to deliver solid performance on all fronts. In each quarter of 2004 we have announced accelerating revenue growth, and we are well-positioned to deliver similar aggressive growth in 2005. Our focus on Enterprise Publishing is influencing how organizations are evaluating and improving their publishing strategy as well as positioning us as the leader in this dynamic market place."
Fourth Quarter Highlights
• Closed 14th consecutive quarter of record revenue
• Reported over 30% growth in every component of revenue, including licenses, maintenance and services
• Posted over 60% growth in new business bookings globally, with nearly $14 million in total Q4 bookings
• Acquired UK-based Advent Publishing Systems, Ltd.
• Won significant orders from numerous customers, including Adam Open AG, Airbus Hamburg, Borland Software, EMC Corporation, Eslovs Kommun, General Dynamics, Harcourt, Kone Corporation, McDougal Littell, Northrup Grumman, Novartis Pharma AG, Ortho Clinical Diagnostics, Philips Medical Systems Ned BV, Reed Business Information, Saab Aircraft, SBC, Singapore Airlines, Thales Underwater Systems, United Parcel Service, Visa and Wolters Kluwer Health
• Received EMC Documentum "Designed for Documentum" accreditation
• Appointed Luigi Roberti as Country Manager for Italy
Arbortext is a provider of Enterprise Publishing software that enables organizations to create and automatically publish large amounts of information, such as technical manuals, pharmaceutical product information, legal information and software documentation. Enterprises around the world use our software to publish in multiple languages to multiple audiences in multiple hardcopy and electronic output formats. Arbortext's software is installed at over 1,700 organizations worldwide.
Current customers include American Express Financial Services, Audi, Boeing, Bombardier, British Aerospace, Caterpillar, DaimlerChrysler, Ericsson Telecom, Ford, General Electric, GM, IBM, International Thomson Publishing, Lucent, Nokia, Nortel Networks, PeopleSoft, Pfizer, Ricoh, Sun Microsystems, Toyota, United Airlines, Volkswagen and Volvo. Arbortext is a founding member and active participant in both the XML Activity of the World Wide Web Consortium (W3C) and the Organization for the Advancement of Structured Information Standards (OASIS). Headquartered in Ann Arbor, Michigan, USA, Arbortext has offices around the world. For more information, please visit http://www.arbortext.com .
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