Arbortext Reports Record First Quarter Revenue.Business Editors ANN ARBOR, Mich.--(BUSINESS WIRE)--April 28, 2003 Arbortext, Inc., the leading global provider of XML-based software for content creation and multichannel publishing, today reported record revenue for the first quarter ending March 31, 2003. The company's continued growth was fueled by substantial orders from both new and existing customers. "We are pleased to report another quarter of solid revenue growth and overall strong operating performance," said Raymond Schiavone, 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. at Arbortext. "Our continuing success is a testament to the fact that we are uniquely positioned to help organizations worldwide eliminate the costs and pain associated with creating and sharing content. We enter the second quarter poised for continued aggressive growth, given our healthy sales pipeline, exciting product roadmap and strong balance sheet." The amount of time and money organizations spend on creating and re-purposing content may be the largest hidden inefficiency remaining for data-intensive industries to tackle. Arbortext software helps organizations deploy content across their entire enterprise, control the editing process and protect document integrity, ultimately uncovering and reducing tremendous inefficiencies. First Quarter Highlights -- Total bookings grew 25% as compared to 2002, leading to record first quarter revenue. -- Operating expenses declined 1% from one year ago. -- Cash flows from operations totaled $2.3 million. -- Deferred revenue grew 25% from March 2002. -- During the quarter, the company hired Mark Benfer as Vice President of Sales, and appointed Dave White to Technology Director and John Ford to Vice President of Business Development. -- Significant orders were received during the quarter from new and existing customers including AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. , American Red Cross American Red Cross: see Red Cross. , Bombardier, Computer Sciences Corporation, DaimlerChrysler, Deere & Company, Delta Technology, FM Global, GE Aircraft Engines, GE Power Systems, Hughes Supply, IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. , Japan Airlines, Kraft, LexisNexis, Motorola, Nokia Networks, Oracle, Pfizer, SAS Institute, Toyota, Turbomeca, Vodafone New Zealand Vodafone New Zealand is New Zealand's largest mobile phone operator, based in Auckland. The company was formed in 1998, after Vodafone purchased BellSouth's New Zealand operations. and Volvo Car Corporation. About Arbortext Arbortext is the 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 Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , 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 XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. 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. |
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