Objectivity, Inc. Announces Several Records for Fiscal 2014
San Jose, CA - July 29, 2014 - Objectivity, Inc. announced today that it achieved several records during Fiscal 2014. While the fourth quarter produced record bookings and record revenues, the year finished with deferred revenue at an all-time high. The records reflect the continued expansion of Objectivity’s worldwide business, with 40% of its revenue coming from outside the U.S. Substantial orders by existing U.S. and international customer’s highlights the ongoing commitment to Objectivity’s products, while the strong growth in new customers worldwide reflects the ability for Objectivity’s products to continue to meet and exceed the rigorous requirements in the field of Big Data.
Objectivity CEO, Jay Jarrell states, “I am especially pleased that 30% of our bookings this year came from new customers, reflecting the ongoing ability of our products to attract customers looking for an economical solution to unlock the hidden value in their big data with a stable and proven product that has been the cornerstone for critical applications around the world for many years.”
“With deferred revenue at an all-time high, maintenance renewals once again exceeding 90%, and a debt-free balance sheet, Objectivity is well positioned to execute on its strategic plans for FY2015,” said Gary Lewis, Objectivity’s CFO.
Objectivity, Inc. is a pioneer in high-performance distributed database platforms that power mission-critical applications for the most demanding and complex data sources in the enterprise. Objectivity delivers organizational agility at scale by enabling our customers to enrich Big Data with Fast Data.
With a rich history serving Global 1000 customer and partners, Objectivity holds deep domain expertise in fusing vital information from massive data volumes to capture new revenue opportunities, drive competitive advantages and deliver better business value. Objectivity is privately held with headquarters in San Jose, California. Visit www.objectivity.com to learn more.
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