News Wins and Renewals
Investments in sales and marketing are paying off, as new customer wins and installed base re-orders are positively impacting Day’s first quarter of 2010. Customer renewals with recurring maintenance revenue have grown by 37% -- leading to growth in income before tax margin to 18%.
New customer wins were reported in Day’s four primary vertical markets -- Media/Communications, Financial Services, Higher Education and Automotive Industry.
OEM and Partner Channel
Channel and OEM programs also contributed to the increase in revenues. Day partnered with Molecular and Ironworks in the U.S., who will act as Day’s SIs for the CQ5 Web CMS.
While not all the numbers are yet available in the form of an official financial report that can be further analyzed, overall, Day continues to show incremental growth quarter after quarter. We'll keep you posted as we know more.