Objectivity, Inc. Reports a Surge in Revenue and Bookings for Their First Quarter of FY14.
San Jose, CA, October 30, 2013 — Objectivity, Inc., announced today that the company realized a banner Q1 (ending September 30, 2013) with a revenue increase of 83% over the previous quarter and 66% over the same quarter a year ago. In addition, bookings were up 141% over the previous quarter and 119% over the same quarter a year ago.
“This is a great start to our fiscal year, reflecting a strong flow of recurring revenue and further expansion of new customers, as we continue to strengthen our position in both the emerging graph and traditional database markets”, says Gary Lewis, CFO.
InfiniteGraph, Objectivity’s latest product, is a complementary graph database technology that enables customers to develop Java based solutions to discover hidden relationships, connections, and paths within complex Big Data for real-time decision support within solutions including cyber security detection and prevention, mobile telecom, network management, marketing ROI and healthcare.
In addition to ongoing progress and adoption of InfiniteGraph, Objectivity/DB continues to prove itself to be the leading Object Database solution available with consistent renewals and a recent increase in new customer opportunities.
Objectivity CEO, Jay Jarrell states, “I am especially pleased that our customers continue to validate the success of our products and the quality of our support organization as evidenced by our current annual maintenance and support renewal rate of 96%.”
The company has a strong and positive outlook with respect to new customer adoption and long-term revenues. As the Big Data market continues to mature, new customers and vertical segments are realizing the benefits of graph database technologies for real-time relationship analytics applications.
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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