<<<Top pick of the year by Money Magazine. Annual revenue of 136 billion in ORMS from established customers.>>>
Bruce here is their latest 10Q, I read it as 16.9 million license and 11.3 million service or ~ 28.2 million total. THIS IS A LONG WAY FROM 136 BILLION AND THE REASON THAT I CALL IT AN INTERNUTZ. 28.2 MILLION IS LESS THAN THE BUDGET FOR LARRY ELLISONS YACHT..... LESS THAN LARRY"S CHANGE IN PERSONAL WORTH ON A BAD DAY....
And Oracle and IBM and everyone else wants into this market. As I've stated before Oracle could give this service away just to build their data base market share and we would never even see it on their balance sheet.
LICENSE. License revenues increased 578% to $16.9 million for the nine months ended June 30, 1999, from $2.5 million for the nine months ended June 30, 1998. This license revenue growth was primarily attributable to increased market acceptance of our product, an increase in sales to new customers resulting from increased headcount in our sales force and the commencement of international operations.
MAINTENANCE AND SERVICE. Maintenance and service revenues increased 859% to $11.3 million for the nine months ended June 30, 1999, from $1.2 million for the nine months ended June 30, 1998. The increase was primarily attributable to increased customer implementations and maintenance contracts resulting from our increased licensing activity, and to a lesser extent, to accelerated customer implementations and renewals of recurring maintenance.
During the nine months ended June 30, 1999, one customer accounted for more than 10% of total revenues, and, in the nine months ended June 30, 1998, four customers accounted for more than 10% of total revenues. Revenues from international sales were $3.6 million for the nine months ended June 30, 1999, and were insignificant for the nine months ended June 30, 1998. Our international revenues were derived from sales in Canada and Europe.
Bruce you and I see eye to eye on most things and I guess we will have to agree to disagree on this one.
Doug |
