Arbortext Reports 8th Straight Quarter of Record Revenue.Business Editors ANN ARBOR, Mich.--(BUSINESS WIRE)--July 22, 2003 Arbortext, Inc., a leading global provider of XML-based software for content creation, editing and multichannel publishing, today reported record revenue for the period ending June 30, 2003, completing its eighth consecutive quarter of growth. The company's success is attributed to the rapidly growing demand for XML-based publishing solutions as well as its strong sales execution, significant product enhancements and expanded strategic partnerships. "I'm pleased by our strong performance, which includes revenue growth from every major geography and every major component of our business," said Raymond Schiavone, President and Chief Executive Officer at Arbortext. "We enter the second half of 2003 poised for accelerated growth. During the second quarter we expanded our direct sales force by more than 20%, and we saw our new business pipeline grow by 37% when compared to just one year ago." Representing a significant product advancement, the company announced Arbortext 5 during the second quarter. Designed to simplify multichannel publishing of dynamic content, Arbortext 5 puts the business user in control and reduces the need for specialized technical expertise, ultimately eliminating substantial costs and pain associated with implementing systems to create and share information. Continuing with its strategic business initiatives, Arbortext signed a Marketing Agreement with SAP AG (NYSE NYSE See: New York Stock Exchange : SAP) to integrate Arbortext software with SAP Knowledge Warehouse SAP Knowledge Warehouse is SAP AG's product-line offering for knowledge management. It is a software application that facilitates the development of documentation, and the delivery of this documentation to the users of a product or system. . This agreement will extend the XML capabilities of SAP Knowledge Warehouse through Arbortext software. Second Quarter Highlights -- Posted record revenue for the second quarter ending June 30, 2003 -- Posted revenue growth in every major geography, including the Americas, Europe and Asia -- Posted revenue growth in every major business component, including licenses, maintenance and services -- Posted 30% growth in deferred revenue -- Significant orders were received during the quarter from new and existing customers including Airborne Express, Air Canada, AstraZeneca, Cessna, Computer Science Corporation, DaimlerChrysler, Deere & Company/AG Division, Hughes Supply, IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. , Motorola, Rockwell Collins, SAP AG, SAP America, Thompson, Viessman Wekre GmbH and VISA -- Orders received under GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. Contract include Cargo Helicopter 47 Publications, IRS, NSWC Noun 1. NSWC - the agency that provides scientific and engineering and technical support for all aspects of surface warfare Naval Surface Warfare Center Carderock Division, US Army CECOM CECOM Communications Electronics Command (US Army) CECOM National Center for Communications of the Civil Protection Agency , US Army TAPO TAPO Technology Applications Program Office TAPO Traded Average Price Option , Missile & Space Intelligence Center, NATIP NATIP Naval Aviation Technical Information Product NATIP NATO Information and Press Office NATIP Navy Technical Information Program (Air Worthiness/Flight Clearance Support), Space and Naval Warfare Systems and Puget Sound Naval Shipyard -- Received AlwaysOn Top 100 Private Companies award -- Hosted 7th Annual User Conference, AUGI, which drew record level of attendees, sponsors and exhibitors About Arbortext Arbortext is a leading global provider of XML-based software for content creation, editing and multichannel publishing to Web, print, CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and wireless devices. Arbortext's software is installed at over 1,300 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 the XML Activity of the World Wide Web Consortium (W3C). Headquartered in Ann Arbor, Michigan  “Ann Arbor” redirects here. For other uses, see Ann Arbor (disambiguation). Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. , USA, Arbortext has offices around the world. For more information please visit http://www.arbortext.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion