Macadamian Demonstrates Continued Strong Revenue and Business Growth
Macadamian Technologies Inc., Canadas fastest growing software product development outsourcing firm, today announced strong revenue growth for the second and third quarters of fiscal year 2007 and strong business growth in all locations - Ottawa, Toronto, Boston, San Jose and Romania.
Ottawa, ON (PRWEB) August 1, 2007 -- Macadamian Technologies Inc., Canadas fastest growing software product development outsourcing firm, today announced strong revenue growth for the second and third quarters of fiscal year 2007 and strong business growth in all locations - Ottawa, Toronto, Boston, San Jose and Romania.
Revenue for the second quarter was $2.33 million, compared with $1.60 million for the same fiscal period last year, an increase of 45 percent. Revenue for the third quarter of 2007 was $2.61 million, up from $1.67 or an increase of 56.6% from third quarter results in 2006.
The Macadamian development lab in Romania has more than doubled in size since January 2007. Overall, the company now employs more than 120 people.
Through the 2006 acquisition of Maskery, a user experience design firm, Macadamian expanded into the design and ideas stage of product development. Today, Macadamians primary line of business is providing product development outsourcing and product design services to software and telecommunications companies.
As we approach the one-year anniversary of the Maskery acquisition and approach full integration, we are really starting to see the benefits of combining the two teams, as more customers seek us out for interaction design and for our ability to take a product from an initial napkin sketch to a final release," said Frederic Boulanger, President and CEO of Macadamian. Our fiscal performance in Q2 and Q3 this year and our expanded presence in California and Eastern Europe, indicate we are on the right track, and we plan to continue to grow to meet the demands of new and repeat customers."
About Macadamian
Macadamian is a software product development outsourcing partner for North American companies developing new products and improving existing products. Macadamian helps software development managers attain the mix of skill, speed, quality and cost needed to successfully deliver on their commitments. Founded in 1997, Macadamian provides a complete range of software development and related services to clients throughout North America, including Ottawa, Toronto, Boston, Dallas and San Jose. For further information, please visit the Web site at www.macadamian.com or email.
For Media and Analyst inquiries, please contact:
Shelley Mullins
Media and Analyst Relations
Macadamian Technologies
613-866-8803
###
Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/WmV0YS1IYWxmLUZhbHUtU3F1YS1UaGlyLVplcm8=
Bookmark -
Del.icio.us |
Digg |
Furl It |
Spurl |
RawSugar |
Simpy |
Shadows |
Blink It |
My Web
|
Share The News
Submit this press release easily to any of these major bookmarking and social media sites.