Global enterprise CMS
has announced its financial results for the three and six months ending June 30, 2007. Total revenues for the six months preceding July hit US$ 107.3 million, a 12 percent increase from US$ 95.5 million in the same period last year.For Q2 alone, total revenues hit US$ 54.6 million, an 11 percent increase from US$ 49 million for Q2 last year.
License revenues hit US$ 21 million in Q2, a 14 percent leap from 2006, and support and service revenues all jumped by 10 percent to US$ 33.6 million.
As of June 30, cash, its equivalents and investments rang up at US$ 194.1 million, a US$ 5.8 million increase during Q2 of 2007 alone
"The second quarter was a strong confirmation of our focused strategy, ability to execute, and strong leadership position in the markets we serve," said CEO Joe Cowan. "Our results demonstrate that we continue to deliver the solutions customers seek to achieve measurable business impact.
"After my first quarter with Interwoven, I am even more confident in the strength of our team, our solutions, and our vision. I believe we are well positioned as we remain focused on helping our customers optimize their online presence, increase business agility, and drive growth."
More broadly, however, the success of Interwoven bodes well for the overall health of the enterprise content management industry, moving into the last half of 2007.
That isn't to downplay the significant contribution the company itself has made toward those end. In early April, Interwoven ambitiously promised to increase the actual agility
of an enterprise with its collaboration
solution, an enhanced version of Interwoven Collaborative Document Management
And for Q3 2007, Interwoven was named a leader
in web CMS
for external sites by Forrester Wave
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