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.”
About Objectivity, Inc.
Objectivity, Inc. is the Enterprise Database leader of real-time, complex solutions for discovering value in Big Data. Our leading edge software: InfiniteGraph®, The Distributed Graph Database™ and Objectivity/DB®, a distributed and scalable object management database, enable organizations to develop scalable solutions to discover hidden relationships for improved Big Data analytics, develop new ROI opportunities and improve inter-departmental business processes to achieve greater return on data related investments.
Objectivity, Inc. is committed to our customers’ success, with representatives worldwide. Our clients include: Swiss Life Select, Draeger Medical, Ericsson, McKesson, NEC, Vodafone xone, Siemens and the US Department of Defense. Visit http://www.objectivity.com.
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Press Contact: Patricia Stamos, Director Marketing