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FIRM Continues Rapid Revenue Growth, Improves Margin
Online research software company FIRM has announced third quarter results with organic revenue up 32% year on year, from £3.7m to $4.9m. EBIT margin rose to 11% from just 2% in Q3 2005.
Revenue growth is similar to the previous year - the equivalent figure comparing Q3 2005 with Q3 2004 was 35%. FIRM reports strong growth in both North America and EMEA. The full report is at www.confirmit.com/pdf/firm2006q3.pdf .
CEO Henning Hansen comments: 'We are pleased with our continued delivery of strong growth in a quarter which is normally perceived to be challenging for the software industry. Our revenue from Market Research clients is developing in a very positive way and business from Global 5000 clients is in the beginning of a growth curve. We are seeing an increased interest among Global 5000 companies for Enterprise Feedback Management solutions as leading analysts have started to write about EFM, and as the success from early adopters is becoming well known in the marketplace.'
FIRM (Future Information Research Management) has 100 employees and offices in Oslo, London, New York and San Francisco, with partner resellers in Amsterdam, Sydney and Tokyo. Listed on Oslo Stock Exchange since last December, it is online at www.confirmit.com .
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