FIRM Delivers 26% Organic Growth and 13% EBIT Margin in 2006

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FIRM, the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM), increased revenue in 2006 by 26% to USD 21.8 million. FIRM achieved revenue of USD 7.6 million (22% growth) in the fourth quarter of 2006 with an EBIT margin of 21%.

FIRM (OSE:FIRM), the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM), increased revenue in 2006 by 26% to USD 21.8 million. FIRM achieved revenue of USD 7.6 million (22% growth) in the fourth quarter of 2006 with an EBIT margin of 21%.

Commenting on the results, FIRM's CEO, Henning Hansen said, "The fourth quarter is always an important quarter for us. With approximately 35% of our annual revenue derived from this quarter we are very pleased that we both managed to renew most of our existing contracts and at the same time organically grow the revenue substantially. The result we are delivering this quarter is the best in our history and clearly demonstrates the scalability in our business model."

Highlights:

  • 26% organic revenue growth in 2006
  • 13% EBIT margin in 2006
  • 22% organic revenue growth in Q4
  • 21% EBIT margin in Q4
  • Strong growth in both North America and EMEA

Further information:

  • Fourth Quarter 2006 report

http://www.confirmit.com/pdf/firm2006q4.pdf

  • Fourth Quarter 2006 investor presentation

http://www.confirmit.com/pdf/firm2006q3presentation.pdf

Press contacts:

CEO Henning Hansen, phone: +47 908 81192, or CFO Ken Østreng, phone +47 911 51686.

About FIRM

Future Information Research Management (FIRM) is the global leader in on-demand (SaaS) and on-premise software for Market Research (MR) and Enterprise Feedback Management (EFM). The company has 110 employees and offices in Oslo, London, New York and San Francisco. FIRM's software is also distributed through partner resellers in Amsterdam, Sydney and Tokyo. FIRM became a public company in December 2005, and is listed on Oslo Stock Exchange under the ticker "FIRM".

Confirmit, FIRM's flagship product, is a web-based survey, feedback and reporting software. FIRM's two target markets and product offerings are Global 5000 companies with Confirmit EFM (Enterprise Feedback Management) and market research companies worldwide with Confirmit MR (Market Research). Customers include Accenture, ACNielsen, Aker Kværner, Dow Jones, Egg, Hewlett Packard, Intrawest, Ipsos, Microsoft, Storebrand, and Statoil.

For more information about FIRM and Confirmit, visit http://www.confirmit.com.

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KJELL OKSENDAL
Confirmit
+1 212 660 1800
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