New York, NY, and Oslo, Norway (PRWEB) January 24, 2008
Confirmit, the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM), increased revenue in the fourth quarter of 2007 by 68 percent to USD 12.8 million. EBIT for the fourth quarter amounted to USD 2.7 million, representing an EBIT margin of 21 percent. The fourth quarter revenue growth consists of 35 percent organic growth and USD 2.5 million consolidated revenue from the acquisition of Pulse Train Ltd.
Commenting on the results, Confirmit's CEO, Henning Hansen, said, "We are pleased with the strong performance in the fourth quarter, and for 2007 as a whole. It has been a very interesting year for Confirmit, with strong organic growth rates, the successfully integration of the Pulse Train business, and the doubling of number of employees. Looking into 2008, we are now in a position where we can more quickly deliver new products and innovations to the market and further strengthen our position as the leading vendor of software for Market Research and Enterprise Feedback Management".
- 68 percent revenue growth in Q4
- 35 percent organic revenue growth in Q4
- 21 percent EBIT margin in Q4
- 57 percent full year revenue growth
- 36 percent full year organic revenue growth
- 13 percent full year EBIT margin
- USD 2.2 million positive cash flow from operations
Confirmit Q4 2007 report (http://www.confirmit.com/pdf/confirmit2007q4.pdf)
Henning Hansen, CEO, +47 908 81192
Ken Østreng, CFO, +47 911 51686
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 Milan, Santiago, Sydney, Tokyo, and Valencia. 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, please visit http://www.confirmit.com.
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