I found another company that will be added to the BI portfolio, Insightful. They are small, but appear to be growing despite the current slow down.
Insightful Announces Record Revenues For the Second Quarter 2001
Data Analysis Solutions Company Continues Growth, Profitability and Positive Cash Flow
biz.yahoo.com
SEATTLE--(BUSINESS WIRE)--July 26, 2001--Insightful Corporation (Nasdaq:IFUL - news), a leading provider of scaleable enterprise software solutions for data analysis, announced today continued growth and profitability in its financial results for the second quarter ending June 30, 2001.
Revenues from operations (software and services for statistics, data mining and predictive analysis) reached $4.6 million, representing 27 percent growth over the same quarter the prior year. Revenues from the sale of software licenses and subscriptions reached $3.2 million or 24 percent growth over the same quarter in 2000. Revenues from consulting services reached $1.4 million or 35 percent growth over the second quarter 2000.
Second quarter net income from continuing operations amounted to $422,000 or 4 cents per share, on a fully diluted basis. This represents a 44 percent increase over the second quarter 2000 for continued operations and 2 cents per share better than the previous quarter.
June year-to-date revenues from continuing operations reached $8.8 million representing 22 percent growth over the first six months in 2000. Year-to-date diluted earnings per share for continued operations reached 5 cents per share as compared to 6 cents per share for the same period last year.
Overall diluted earnings per share (including discontinued operations) for the first six months 2001 reached a positive 30 cents per share as compared to 37 cents loss per share for the same period last year.
``We are proud to achieve these outstanding results and accelerated growth of our business especially in light of the current economic environment. This reflects the soundness of our focused strategy to become a key player in the enterprise data analysis, data mining and predictive modeling market,'' said Shawn Javid, president and chief executive officer, Insightful Corporation.
``We are pleased to report 27 percent quarterly revenue growth and a 44 percent increase in profitably versus last year and sequentially stronger earnings per share. Our cash flow from continuing operations was positive, our financial position is quite strong and our financial model is improving according to our plans,'' said Sar Ramadan, chief financial officer, Insightful Corporation.
Insightful is focused on its successful and growing franchise in statistics, data mining and predictive analysis, which are the key analytic building blocks for business intelligence. The company delivers analytical solutions that help technical and business decision-makers access and analyze data, identify trends and relationships, and predict future outcome.
The market for data mining, statistical analysis, and analytic CRM is significant and growing rapidly. IDC forecasts that this combined market will exceed $3 billion in 2003, which is more than seven times larger than the market Insightful served last year. The demand for data analysis solutions is being driven by the need to improve business efficiencies by deriving insight from data. Insightful's technology leadership and acknowledged expertise provide an excellent foundation to capitalize on these exciting market trends.
Insightful's successful growth to date has been fueled by demand from data-intensive industries including financial services, pharmaceuticals and biotechnology, telecommunications and high-tech manufacturing. Insightful customers in each of these sectors are the ``who's who'' of the Fortune 1000.
``Our newest product, S-PLUS® Analytic Server(TM), is the best way to develop and publish analytical information and graphical reports used by decision-makers across the enterprise -- from research to production, from sales and marketing to finance. They enjoy the convenience of clicking on a Web page to see their data and drill down into the details, so they can make better decisions faster,'' said Javid. ``Insightful analytic solutions help companies create value from data being collected every day.''
Significant milestones for Insightful in second quarter 2001 included:
Launching our Strategic Alliances and Partnerships program including hiring a seasoned executive to lead this program. This will open new channels for our products.
Launching version 2 of S-PLUS Analytic Server for enterprise and Web deployment of analytic solutions using UNIX servers. This is an important release for our enterprise level customers who work in the UNIX environment.
Shipping the final release candidate for S-PLUS® 6 Professional for Windows. This is an important release that enhances the leading-edge tools we offer our customers.
Opening a sales and consulting office on Wall Street to provide on-the-spot support for our Financial Services customers.
Adding over 25 new clients including, Georgia Pacific Corporation, NASDAQ System Engineering, EOS Biotechnology, Vantage Consulting Group, Energy USA-TPC and Ford Trucks.
Delivering new and extended consulting services to Enron, Fidelity, Novartis, Ford, Michigan DEQ and BellSouth.
ABOUT INSIGHTFUL
Insightful Corporation (Nasdaq:IFUL - news) provides enterprises with scalable data analysis solutions that drive better decisions faster by revealing patterns, trends and relationships. The company is a leading supplier of software and services for statistics, data mining and predictive analysis, which expedite accurate decision-making and improve business performance.
Insightful's products, including S-PLUS®, StatServer® and S-PLUS Analytic Server(TM), play a key role in data warehousing and business intelligence initiatives by delivering analytical tools and graphical reports that convert data into insight. Insightful also provides consulting, application development outsourcing, data integration and training focused on data analysis and predictive modeling. The company has been delivering data analysis solutions for over a decade to thousands of companies in financial services, pharmaceuticals, biotechnology, telecommunications and manufacturing, plus many research institutions.
Headquartered in Seattle, Insightful has offices in New York City, Durham, North Carolina and Bagshot, England, with distributors around the world. For more information, visit www.insightful.com, email info@insightful.com or call 206/283-8802. |
