continues strong customer growth

News continues strong customer growth

Hosted sales management software provider is closing in on 200,000 paying subscribers, an 80% gain in its customer base from this time last year, the company said as it announced its third-quarter financial results. edged past analyst expectations with quarterly revenue of $46.4m (£25m), up 82% from last year's third quarter, and net income of $2.2m. expects revenue of $172m to $174m in its 2005 finacial year, which ends 31 January.

While that is small compared with others in the CRM market - market leader Siebel Systems  had revenue of $1.4bn last year -'s rapid customer growth has drawn attention to its hosted, subscription sales model.

Its customer base is tilted toward smaller companies: As grows, its average deal size remains around 15 licensed users. said it ended the quarter with 195,000 paying subscribers. For its 2006 finacial year, the company projected revenue of $275m to $285m.

Stacy Cowley writes for IDG News Service

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