Business analytics software solutions provider
Applix has reported a strong financial performance for its second
financial quarter of 2007 ending 30 June.
Over the period,
Applix reported total revenue for the quarter of $17.44
million, a 31% increase over the same period in 2006. Licence
revenue for the second quarter of 2007 was $9.42 million, a 15%
increase on the year before.
Net income for Q207 however, dipped slightly compared with
Q206, with the firm making $2.13 million, down $0.2 million. In the
most recent period, the firm reported paying out on stock-based
compensation charges, amortisation costs primarily associated with
the company’s acquisition of Temtec International in June 2006,
legal and indemnification expenses related to the US Securities and
Exchange Commission (SEC) investigation and a related income tax
benefit.
In the second quarter, Applix
added new customers from around the world, including Circuit City,
Cato Corporation, Radeberger Gruppe KG, Provident Financial plc and
Meggit Avionics.
Maritime New Zealandhas just
chosen the Applix platform to fulfill its reporting, budgeting and
forecasting needs. Maritime NZ ensures the marine environment
safe, clean and secure for its users. Its budgeting process was
previously conducted via Excel, which was then distributed to local
and regional managers – a slow and error-prone process.