Deltek, Inc. (PROJ) Message Board

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Technology Stocks : Deltek, Inc. (PROJ)

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From: JakeStraw	11/4/2010 1:53:24 PM
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Deltek Reports Q3 License Revenue of $15.4 Million up 21% Year over Year finance.yahoo.com “Q3 was a transformational quarter for our company,” said Kevin Parker, president and CEO of Deltek. “The successful completion of the Maconomy and INPUT acquisitions accelerated our expansion into new markets, increased our international presence, and significantly broadened our product portfolio. As we expand our licensing portfolio to include subscription and on-demand pricing in addition to perpetual licensing, contract booking value will be an important measure of our success in the marketplace. In Q3, total product-related bookings were $17 million, an increase of 26% from the prior year. Our competitive position remains strong, and during the quarter we won a number of significant deals in the U.S. and Europe, and we saw our overall pipeline increase in key markets. The integrations of both Maconomy and INPUT are moving forward quickly. We’re very enthusiastic about our ability to drive new revenue opportunities as a result.”

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