Financial Results News & Articles

If Oracle’s (news, site) results for the third quarter are anything to go by, the IT sector may well have turned the corner on the recession. In figures released last night, profits for Q3 hit US $1.2 billion, with revenues up to US $6.4 billion from US $5.5 a year ago, beating analysts' forecast of US $6.3 billion.

When we reviewed Day's much-anticipated CQ5, we were mostly optimistic. Turns out, so are many of new and existing Day's customers, who keep investing in this Enterprise CMS and making Day's 2009 first half numbers shine brightly yet again.

1H 2009 revenue growth was reported at CHF 17.0M, which is an increase of 33% from total revenue of CHF 12.8M for 1H 2008. License revenue accounted for a whopping 42% of total revenue at CHF 7.2M, an increase of 26% from total license revenue of CHF 5.8M compared to same time last year. According to Day, there is an increase in re-orders from the existing installed base due to the interest in updates and new modules that came out in CQ 5.2 (e.g. DAM and Social Collaboration).

Support and maintenance revenues came in at CHF 5.4M, or 32% of total revenue. Day also reported operating income of CHF 1.8M, or 11% of revenue, and better-than-expected GAAP net income of CHF 1.1M, or 6% of revenue. Total cash was CHF 18.3M, a 21% increase over 1H 2008.

Day’s success in the challenging economy is partially due to the operational restructuring efforts that took place last and this year, along with key new hires and additions of new members to its Board of Directors.

We should see more R&D, sales and marketing investments at Day in the second half of 2009. If you wish to geek out on accounting numbers, head over here. We, in the meantime, are looking forward to the next release -- CQ 5.3.

Still going strong, Day Software has announced the second half and end of 2008 financial results.

Restructuring costs, CQ5 investments, changes in the management team, high R&D spending and several other factors affected Day’s balance sheet. We see bright spots here. Let's take a closer look.

Mere days before the long-anticipated CQ5 release, Day presents interim financial results for Q3 2008.

The very Web 2.0-esque CQ5 is currently scheduled to be generally available on November 17. We will tell you more about CQ5 next week (downloading the software for evaluation as we speak).

In the meantime, let’s count Day’s Swiss francs. The company reports increased revenue and presses ahead with market expansion, mainly in Northern Europe.

Overall revenue for the first nine months of 2008 increased by 9% to CHF 20.0 million compared to CHF 18.3 million in the same period last year. Overall revenue increased by 16% compared with the second quarter of 2008.

Revenue from licenses for the nine months until September 30, 2008, amounted to CHF 7.8 million compared to CHF 6.7 million for the same period last year.

Losses were reduced to CHF 524,000 compared to the previous quarter. The technical efforts poured into CQ5 were a cost factor. The cash reserves increased to CHF 16.2 million.

Day’s senior management welcomed new members, including Richard Francis as new CFO and Kevin Cochrane as new CMO.

Not enough good news? How about Gartner placing Day in the Magic Quadrant for Enterprise CMS as a visionary?

While everything on Day’s side seems to be quite optimistic at the moment, we will continue to watch the company and report the news to you.

Sitecore, a famed .NET Web CMS vendor, announced that its 2008 revenues have grown by over 100% over the prior fiscal. Reportedly, 95% of revenues are coming from new license sales, 4% — from training and less than 1% — from Professional Services.

While this kind of revenue percentage distribution may seem kind of funky to some, knowing Sitecore’s focus on software development and exclusive outsourcing of PS and related implementation activities to its third-party integrators and partners — we are not surprised.

Open Text Corporation, a well-known ECM player, announced unaudited financial results for its fourth quarter and fiscal year ended June 30, 2008.

VillageEDOCS, Inc., a SaaS document management provider, announced its financial results for the second quarter and six months ended June 30, 2008. Looks like the company demonstrated a solid performance in the first six months of 2008.