Confirmit Delivers 34% Organic Growth, Pre Tax Profit Up 65%

Confirmit, the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM), increased revenue in the second quarter of 2007 by 34% to USD 6.1 million. Pre tax profit for the second quarter amounted to USD 558K, an increase of 65% compared to the corresponding quarter of 2006.

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Quote startWe've had a strong performance in the second quarter of 2007 and delivered strong growth in both our key markets, EMEA and North America. Revenue from new clients continues to be strong and existing clients are renewing as expected. With the recent acquisition of Pulse Train, we are in a unique position to increase our market share in the MR and EFM software market.Quote end

New York, NY and Oslo, Norway (PRWEB) July 13, 2007

Confirmit (OSE:CONF), the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM), increased revenue in the second quarter of 2007 by 34% to USD 6.1 million. Pre tax profit for the second quarter amounted to USD 558K, an increase of 65% compared to the corresponding quarter of 2006.

Commenting on the results, Confirmit's CEO, Henning Hansen said, "We've had a strong performance in the second quarter of 2007 and delivered strong growth in both our key markets, EMEA and North America. Revenue from new clients continues to be strong and existing clients are renewing as expected. With the recent acquisition of Pulse Train, we are in a unique position to increase our market share in the MR and EFM software market."

Highlights Q2 2007

  • 34% organic revenue growth
  • 8% EBIT margin
  • Positive cash flow of USD 1.4 million
  • Strong growth in both North America and EMEA

Further information:

Press contact:
Henning Hansen, CEO of Confirmit, +47 21 50 2500

About Confirmit
Confirmit is the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM). The company has more than 200 employees and offices in Oslo (headquarters), Guildford, London, Moscow, New York, San Francisco, and Yaroslavl. 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".

Confirmit targets Global 5000 companies and Market Research agencies worldwide with a wide range of software products for feedback / data collection, panel management, data processing, analysis, and reporting. Customers include British Airways, Countrywide Financial, Dow Chemical, Experian, GlaxoSmithKline, Halifax Bank of Scotland, Hewlett Packard, Intrawest, Ipsos, Nielsen, The NPD Group, Safeco Insurance, Statoil, Symantec and Virgin Media.

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

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