Niku Europe License Revenue Up Over 50%; New Customers Drive Strong Third Quarter.Business Editors REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Nov. 19, 2002 Niku Corporation (Nasdaq:NIKU) today announced that the restructuring of its European sales and support offices has been an unqualified success, enabling Niku's EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. sales region to play an important role in the company's outstanding third quarter. Composed of France, Germany, the Netherlands and the UK, Niku's EMEA region saw Q2 license revenue grow more than 50% in Q3, with overall revenues, including professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and maintenance, up nearly 25%. The EMEA performance, combined with strong third quarter sales in the United States, helped Q3 to become Niku's first profitable quarter. New Niku EMEA customers for Q3, by country, include Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 , BNP Paribas, Schlumberger Sema, Emerson Process Management, and Birmingham City Council in the United Kingdom; Provencie Groningen and Progress Software in the Netherlands; GICAB, GEFCO, GIE gie v. Scots Variant of give. AGIRC-ARRCO, GIE AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery , GFMI GMR/Azur, and SEMA in France; and R+V Allegemeine Versicherung AG in Germany. "The speed of our EMEA reorganization has exceeded expectations," said Michael Scheib, Niku senior vice president and general manager of EMEA operations. "When we decided to give each country group autonomy, we fully expected to have some period of adjustment before we would see results. But the plan apparently fit the need, because EMEA sales, support, and professional services performance spiked upward immediately and has continued improving." About Niku Niku Corporation (Nasdaq:NIKU) develops enterprise application software that automates knowledge work in companies by integrating portfolio, collaboration, resource, financial, project, and knowledge management in one Web-native application. For more information contact info@niku.com, call 877-846-6458 (NIKU), or visit www.niku.com |
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