Centrinity Announces 92% Increase In Year-Over-Year Revenue In Third Quarter.
MARKHAM, Ontario--(BUSINESS WIRE)--July 24, 2000
Centrinity Inc. (TSE:CTI.), which develops and markets leading unified communications and collaborative groupware technologies, today announced a continuing strong growth trend in revenue in the third quarter ended June 30, 2000.
While the Company's final results will not be released until mid-August, Centrinity indicated its revenue for the third quarter was approximately $3.6 million - up 92% from the $1.9 million generated in the third quarter of 1999 after accounting for the June 24, 1999 acquisition of the SoftArc group on a pro forma basis, and up 44% from the $2.5 million reported in the second quarter of fiscal 2000. The Company signed contracts for new orders totaling roughly $4.6 million during the third quarter.
"Continuing strong revenue growth is attributable to Centrinity's increasing success in attracting new customers as well as new orders from existing customers," said Rick LePage, Centrinity's new Executive Vice President and Chief Financial Officer. "While I am extremely pleased with our revenue during my first fiscal quarter with Centrinity, burgeoning market demand for our revolutionary unified communications solution should result in even more dramatic growth in the future."
The Company began shipping its FirstClass unified communications (UC) solution to customers this summer. FirstClass UC is a revolutionary, telephony-grade, fully unified technology that allows users to directly capture, consolidate, sort, prioritize, and effectively manage messages from any source -- e-mail, voice, or fax -- anytime, anywhere, from any device. These capabilities substantially exceed those of the unified messaging solutions available on the market today.
All currency is in Canadian dollars.
About Centrinity Inc.
Serving over 6 million users in more than 8,000 organizations in 55 countries, Centrinity is a high growth software company with technological leadership in the burgeoning global market for unified communications solutions and related network-based collaboration tools. The Company's products include FirstClass Intranet Server Gold, FirstClass Collaborative Classroom Gold and Zebu, which are widely used in commercial and education markets, and FirstClass unified communications, the new value-added component of FirstClass Gold.
Centrinity Inc. is listed under the symbol "CTI" on The Toronto Stock Exchange. Website: www.centrinity.com
FirstClass is a registered trademark of SoftArc, a wholly owned subsidiary of Centrinity Inc. Centrinity, the Centrinity logo and Zebu are trademarks of Centrinity Inc. All other trademarks are the property of their respective owners.
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|Date:||Jul 24, 2000|
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