Objectivity, Inc. Reports Record Revenue and Profit for Their First Six Months of FY15
San Jose, CA, January 13, 2015 — Objectivity, Inc., announced today that its recent momentum is continuing as the company posted record revenues and profits for the six months ending December 31, 2014. Revenues were up 60% over the same period last year, contributing to a robust 31% profit margin.
Objectivity CEO, Jay Jarrell states, “I am especially pleased that Objectivity continues to follow through in FY15 after posting record results in Q4 of FY14. With the current momentum, I feel comfortable we will exceed our financial objectives for FY15. With bookings up 35% over last year we are well positioned for continued growth.”
“Our profits exceeded the previous record by 29%, benefiting from accelerating revenue and excellent expense management. Through these efforts, we were able to increase our working capital by 168% over the previous year, providing us with the resources required to invest in our future growth”, says Gary Lewis, CFO.
Jarrell added that he expects to see the volume of new business increase in the second half of FY15. “Our customer base is well balanced and I expect to see both domestic and international growth, from both our commercial and government customers.”
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.
Intel is a registered trademark of Intel Corporation in the United States and other countries.
Sterling Communications, Inc.