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 Zealand has 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.