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Technology Stocks : ITRA INTRAWARE

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To: Nice Guy who wrote (448)11/18/1999 2:12:00 AM
From: mark cox  Read Replies (1) of 937
 
CEO interview.

Everyone here should listen to the interview on the ON24

biz.yahoo.com

I liked what I heard.

CEO Jackson said that ITRA is the Yahoo for IT professionals. The reason being because they keep expanding their services to encompass all the aspects of the IT market.

They get revenues from Software transactions, research seats and from the managing of their customers software, (upgrades, patches, revisions etc.)

They have 50 of the Fortune 100 as customers.

Margins have risen from 18% to 26% and their long term goal is 50%. They expect 50% of future revenues to come from services. They have been reinvesting all their profits into more engineers and server firms around the world.

They have been partnering with consulting firms who used to be their competition.

He stated that in the ecommerce dept.(selling software), they are the Amazon of the B2B space.

The IT market size is $160 Billion this year and $262 Billion next year. Upside to their market is enormous.

Mark
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