Confirmit Delivers 35% Organic Growth and Doubled Profit

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Confirmit, the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM), increased revenue in the first quarter of 2007 by 35% to USD 6.5 million. EBIT margin for the first quarter of 2007 increased to 9% compared to 7% in the corresponding quarter of 2006.

Confirmit, the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM), increased revenue in the first quarter of 2007 by 35% to USD 6.5 million. EBIT margin for the first quarter of 2007 increased to 9% compared to 7% in the corresponding quarter of 2006.

Commenting on the results, Confirmit's CEO, Henning Hansen, said, "We've had a great start to 2007 and delivered strong growth in both of our key markets, EMEA and North America. We are particularly pleased with the revenue from new clients. In the first quarter of 2007, we signed more business with new clients than we have ever done in a single quarter previously. With increased awareness about the value of using feedback to improve business processes, we believe Confirmit is in a prime position to continue this positive development."

Highlights Q1 2007

  • 35% organic revenue growth
  • 9% EBIT margin
  • Positive cash flow of USD 1.2 million
  • Strong growth in both North America and EMEA
  • Successful launch of Confirmit 11

Link to Confirmit Q1 2007 Report:
http://www.confirmit.com/pdf/confirmit2007q1.pdf

About Confirmit
Confirmit is the world's leading provider of 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. Confirmit's software is also distributed through partner resellers in Amsterdam, Sydney and Tokyo. Confirmit became a public company in December 2005, and is listed on Oslo Stock Exchange under the ticker "conf".

The Confirmit platform is a web-based survey, feedback and reporting software. Confirmit'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 Confirmit, visit http://www.confirmit.com.

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KJELL OKSENDAL
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