Aberdeen Group Reports 51% Increase in 1999 Revenue and $1 Million in Net Income; Company's $4 Million Revenue Quarter is Highest in Eleven Years.Business Editors BOSTON--(BUSINESS WIRE)--Jan. 17, 2000 Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. , a leading provider of IT consulting and market strategy, today announced its highest revenue quarter in the company's eleven-year history. Aberdeen reports fourth quarter revenues exceeding $4 million, full year revenues exceeding $14 million, and full year net income of $1 million. "The company closed a private placement in 1998 and invested aggressively, ultimately posting a loss last year. The whole Aberdeen team has worked extremely hard in 1999 to ensure profitability. We are, therefore, extremely pleased with both our 51% revenue growth and with our 1999 net income results," said Tom Willmott, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "In 1999, Aberdeen Group continued to drive its aggressive plan for growth and profitability. We expanded the sales organization from two to nine professionals, and they contributed bookings of $4.7 million this year. The company increased renewable retainer revenues by $1.6 million. And, we aggressively expanded the enterprise business applications (EBA EBA Eisenbahn-Bundesamt (German) EBA Euro Banking Association EBA Emergency Brake Assistance EBA Enterprise Bargaining Agreement (Australia) EBA Elite Beat Agents (video game) ) practice area with a heavy emphasis on B-to-B consulting, customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), and business intelligence. In 1999, Aberdeen also expanded geographically, opening offices in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. , and Amsterdam, The Netherlands." "Our success is clearly a testament to our unique position as an IT market strategy and research firm and we look forward to continued growth in 2000," commented Willmott. About Aberdeen Founded in 1988, Aberdeen Group provides IT consulting and market strategy advice to the IT supplier community. Steeped in technology and armed with end-user field research, Aberdeen focuses on answering clients' critical business and technology questions in the context of the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. and across the product life cycle. Headquartered in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New , Aberdeen Group has offices in Palo Alto, California, and Amsterdam, The Netherlands. Aberdeen is located on the Web at www.aberdeen.com. |
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