13.5.05
Eedo Announces Industry Leading Growth and Profitability
mysan.de - be updated - Eedo Announces Industry Leading Growth and Profitability: "edo Knowledgeware, a leading developer of learning and knowledge
management software, announced today its tenth consecutive quarter of
profitability, as well as an expanded presence in Europe and the Asia Pacific
region.Eedo%u2019s financial results for the quarter ending March 31st include net
earnings equal to 22% of revenues, with annualized revenue growth of 130%,
compared to the same quarter in 2004. The company experienced revenue growth
in all its major markets including the United States, United Kingdom, Europe
and Canada. Growth in Europe has led to the opening of new Eedo facilities in
the Netherlands, providing support to a growing European customer base. In
addition, the company is commencing operations in Sydney, Australia to
support a growing customer base in the Asia Pacific region. Customer wins of
note for the period include Inland Revenue, Legal & General, Organon
Pharmaceuticals, London School of Hygiene and Tropical Medicine, Correctional
Services Canada, Catholic Health Care, Duke Energy and American Management
Association.Additionally, Eedo has reached a significant milestone with over 85% of
revenues coming directly from software licensing and maintenance. This
product-focused strategy has enabled Eedo to continue on an aggressive
product development plan, without the burden of services often associated
with enterprise software. Validating this approach, Eedo%u2019s LCMS product,
ForceTen is the first and only LCMS currently certified as producing content
conformant to the SCORM 2004 standard. In conjunction with this
product-focused strategy, Eedo has created alliances with leading I.T.
services organizations in all its key markets, with quality assurance
provided via an industry leading Partner Certification program. This approach
has enabled Eedo to expand rapidly into new markets, and has been a
contributing factor to its healthy balance sheet. New Certified Partners for
the period include high quality content developers such as Fuel and
Atticmedia, as well as implementation/system integrators General Physics,
Jigsaw Learning Systems and Productivity Point International.'Our team has delivered near-perfect execution on our corporate strategy,
exceeding our objectives for the quarter, and putting us in a very good
position to meet our targets for this fiscal year,' said John Hudson,
President and CEO of Eedo Knowledgeware." ¶ 09:12
management software, announced today its tenth consecutive quarter of
profitability, as well as an expanded presence in Europe and the Asia Pacific
region.Eedo%u2019s financial results for the quarter ending March 31st include net
earnings equal to 22% of revenues, with annualized revenue growth of 130%,
compared to the same quarter in 2004. The company experienced revenue growth
in all its major markets including the United States, United Kingdom, Europe
and Canada. Growth in Europe has led to the opening of new Eedo facilities in
the Netherlands, providing support to a growing European customer base. In
addition, the company is commencing operations in Sydney, Australia to
support a growing customer base in the Asia Pacific region. Customer wins of
note for the period include Inland Revenue, Legal & General, Organon
Pharmaceuticals, London School of Hygiene and Tropical Medicine, Correctional
Services Canada, Catholic Health Care, Duke Energy and American Management
Association.Additionally, Eedo has reached a significant milestone with over 85% of
revenues coming directly from software licensing and maintenance. This
product-focused strategy has enabled Eedo to continue on an aggressive
product development plan, without the burden of services often associated
with enterprise software. Validating this approach, Eedo%u2019s LCMS product,
ForceTen is the first and only LCMS currently certified as producing content
conformant to the SCORM 2004 standard. In conjunction with this
product-focused strategy, Eedo has created alliances with leading I.T.
services organizations in all its key markets, with quality assurance
provided via an industry leading Partner Certification program. This approach
has enabled Eedo to expand rapidly into new markets, and has been a
contributing factor to its healthy balance sheet. New Certified Partners for
the period include high quality content developers such as Fuel and
Atticmedia, as well as implementation/system integrators General Physics,
Jigsaw Learning Systems and Productivity Point International.'Our team has delivered near-perfect execution on our corporate strategy,
exceeding our objectives for the quarter, and putting us in a very good
position to meet our targets for this fiscal year,' said John Hudson,
President and CEO of Eedo Knowledgeware." ¶ 09:12
