Excelergy Reports All-Time Record Quarterly Sales Bookings; Quarter over quarter growth in bookings and revenue sustains aggressive operating plan.LEXINGTON, Mass. -- Excelergy Corporation announced today that it achieved record sales bookings for the quarter ending June 30, 2004. These results are on target for Excelergy's 2004 operating plan, which calls for the company to achieve greater than 30% growth in revenues, cash flow and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. . In addition to record bookings and another period of positive operating income, Excelergy achieved 70% gross margins with cash on hand exceeding forecasts. For the past 5 consecutive quarters, the company has trended at approximately 17% growth in bookings. Excelergy's Q2 2004 revenues were up 9% sequentially over Q1 2004, and the company continues to sustain gross margins at or above 70% - as it has for the last two years. "International sales accounted for 51% of total bookings - a new company record," reported Stuart Young For the former BBC chairman, see Stuart Young. Stuart Young (born December 16, 1972 in Hull, Yorkshire, England) is an English football (soccer) player. He last played profesionaly as a striker for the Australian A-League club Perth Glory where he joined in 2005 and , senior vice president of global sales and market operations. "More than 35% of our business continues to come from existing clients, with major license and service add-ons this quarter to Enel's HedgeDirect(TM) deployment, Strategic Energy's retail billing and customer care application, and the Italian market operator GME's MarketRunner(TM) platform - following the near-flawless opening of the new Italian power exchange The Italian Power Exchange (or IPEX, or Gestore del Mercato Elettrico or GME in Italian) is the electricity futures market for Italy. It was established by the Italian legislature on 16 March 1999 and issued general rules on 8 May 2001. in April. Business through our primary channel partners was also particularly strong this quarter." "These types of impressive key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. are why Excelergy's strategy, performance and management have been recognized with the Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: Top 100 Award for three years running," said Excelergy 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. , Bill Mahoney. "Our outstanding performance this quarter is an all-time company record. With a strong and growing sales pipeline, proven products, and a consistent business strategy, we remain solidly on track to achieve our aggressive operating plan for 2004 and beyond." About Excelergy(R) Corporation Excelergy is a world leader in high performance software platforms that increase revenues, improve cash flows and reduce costs in the energy/utility, telecommunications, and financial services and industries. Excelergy software platforms are based on an open, object-oriented, Web-centric, native 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. technology architecture. Excelergy has its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters in Lexington, Massachusetts, its European headquarters in London, England and The Netherlands. More information is available at www.excelergy.com. |
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