News Wins and Renewals
Investments in sales and marketing are paying off, asnew customer wins and installed base re-orders are positively impactingDay’s first quarter of 2010. Customer renewals with recurringmaintenance revenue have grown by 37% -- leading to growth in incomebefore tax margin to 18%.
New customer wins were reported in Day’sfour primary vertical markets -- Media/Communications, FinancialServices, Higher Education and Automotive Industry.
OEM and Partner Channel
Channel and OEMprograms also contributed to the increase in revenues. Day partneredwith Molecular and Ironworks in the U.S., who will act as Day’s SIs forthe 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.