This could be helping CPQ.
SAND TECHNOLOGY INC - Annual Revenues Up By 300%; Nucleus Quarterly Sales -
TOP $3M for First Time Ever!
New York, New York, Sep. 14, 2000 (Market News Publishing via COMTEX) -- Sand
Technology Inc. announced year-end results that highlight 4th quarter sales
higher than total annual sales for each of the two previous years.
Arthur Ritchie, President and CEO of Sand, said "This year marks a real
milestone in the market acceptance of our Nucleus products. Sand more than
tripled its sales revenues over those of last year and finished with very strong
4th quarter results."
"We are thrilled with the excellent feedback we are receiving from our existing
customers and their identification of new applications for Nucleus. Moreover, we
have acquired over ten new customers in the last six months, with average
billings per customer exceeding $350,000. We are for the first time able to go
both wide and deep as we enter the next phase of our product rollout."
"The results of the past financial year confirm our marketing strategy of
getting our Nucleus product suite adopted by a wide range of organizations. Our
sales approach in North America and Europe has been restructured and
demonstrates the commitment of Sand to its customers and partners. Sand is
augmenting every Nucleus software implementation with Sand consulting services,
thus providing an enhanced revenue stream, quick and effective adoption of the
Nucleus product, and total customer satisfaction."
For the year ended July 31, 2000, the company posted a loss of $2,866, 907 or
$0.321 per share on sales of $6,895,016 as compared to a net loss of $4,960,964
or $0.582 per share on sales of $2,091,067 for the fiscal year ended July 31,
1999. 4th quarter results showed sales of $3,061,705 with an attendant loss of
$272,874. These improved results are gratifying and reflect the ongoing
evolution of Sand into an enterprise which designs, develops, markets and
supports software products, and in particular its Nucleus Exploration product
suite.
The Company is very excited about the prospects for Fiscal 2001. According to
Mr. Ritchie, "the growth in the implementations of Nucleus are starting to
produce significantly larger revenues, as customers who have experienced our
'Proof of Value' program to quickly realize immediate benefits and begin to move
to larger Nucleus deployments. Meanwhile, we continue to increase the number of
companies that are embracing Nucleus as a critical element of their short-term
Business Intelligence strategies. Perhaps even more relevant is the fact that
our customers have discovered specific uses for Nucleus within vertical markets
like healthcare, banking, brokerage and direct marketing that take specific
advantage of Nucleus' unique product capabilities. These initial implementations
have proven not to be customer-specific. They are very repeatable throughout
many companies across many vertical markets. This repeatability bodes very well
for continuous rapid Nucleus market penetration, and attendant revenues and
profits in the immediate future."
About Sand Technology Sand Technology, with headquarters in Montreal, Canada and
offices in the United Kingdom and the United States, provides performance,
scalable software solutions for data mining, data marts, data warehouses and
online analytical processing (OLAP). Sand's Nucleus product suite brings
patented technology to the business user, empowering more timely and accurate
decision making. Nucleus is being used in the Retail, Finance, Healthcare,
Transportation, Telecommunication, Manufacturing, Government and Insurance
sectors to support strategic corporate initiatives including: e-Business; CRM
(Customer Relationship Management); SAP(TM) reporting; SCM (Supply Chain
Management); risk analysis and management; new business; product trend and
profitability analysis; fraud detection; emerging markets; competitive analysis,
and quality control. Sand Technology has commercial relationships with IBM,
Oracle, Compaq Computer Corporation, Microsoft, Brio Technology, Information
Builders, and Wyle Systems. For more information, visit
sandtechnology.com |
