CIMdata PLM Industry Summary Online Archive
13 August 2007
Financial News
Endeca Reports Record Q2, First-Half Revenue
Endeca announced that it achieved record revenues with 83 percent year-over-year revenue growth in the second quarter -- the company's 18th consecutive quarter of year-over-year revenue growth. Revenue for the first half grew 87 percent compared to the first six months of 2006.
"The first half saw high levels of activity across all of our target markets and verticals. In addition to continued growth in our historically strong verticals such as retail, manufacturing, and media and publishing, we're seeing increased demand from financial services, oil and gas, pharmaceuticals, and the Federal government," said Steve Papa, chief executive officer of Endeca. "We're also seeing a shift in the market toward the adoption of a common information access platform and infrastructure to solve a variety of challenges. This is leading to increased demand from existing customers as well as larger, enterprise-wide engagements with new clients."
Q2 2007 Highlights Include:
Signed dozens of new customers and expanded the use of the Endeca Information Access Platform within the installed base: Key wins included many market leaders and respected organizations such as BMG Direct, the US Department of Justice, Emap Consumer Media Limited, the Home Depot, IBM, LexisNexis, Scripps Networks, the US Air Force, and the American Institute of Certified Public Accountants (AICPA).
Unveiled the next generation of Guided Navigation® experience with native 64-bit release of the Endeca Information Access Platform: Introduces the most significant enhancements to Endeca's signature Guided Navigation experience since it was first unveiled in 2001. Native 64-bit support is designed for extreme scalability and superior performance.
Attracted more than 500 attendees to Endeca Discover 2007, the company's fifth annual user conference: The event focused on new classes of applications that hold the potential to fundamentally change the way organizations increase revenue, reduce costs, and streamline operations by informing the daily decision making of thousands of employees and millions of customers.
Announced the 2007 Endeca Navigator Award winners recognizing innovative, pioneering applications of information access technology to solve critical business challenges: 2007 winners include Buzzillions, the Defense Intelligence Agency, Emap plc, Harris Corporation, LexisNexis (a division of Reed Elsevier), Marriott International, and Nike.
Introduced the first information access developer community, the Endeca Developer Network (EDeNT) at Endeca Discover 2007: EDeN encompasses new community-building initiatives and networking vehicles and is designed to facilitate open communication and collaboration among Endeca's customers, partners, and the Endeca team.
Unveiled the Endeca Design Collaborative: New consulting group brings together the best practices of the global Endeca community with usability and human-factors design expertise to deliver a variety of services designed to accelerate user adoption and maximize the business benefits of applications that feature an adaptive user experience.
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