PeopleStreme Achieves 70% Revenue Growth in First Quarter, Opens North American Office

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PeopleStreme achieves 70% revenue growth in first quarter, has 40% acceleration in license revenue and opens office in North America

We have an expanding footprint in the USA with a whole lot of customers already using our products.

Record Growth of 70%

PeopleStreme announces record growth in its first quarter of the 2014-2015 Financial year (July 1 to September 30 2014). Top line revenue grew 70% for the same quarter sales year on year.

In commenting on the result, CEO Lyle Potgieter said “There are no exceptionally large deals that make up this increase; it’s more a general acceleration due to measures we put in place over the last 24 months. Our New Business Development team is now focused on generating new business whilst our Customer Experience Management team is focused on creating a great customer experience for our existing clients. Overall its due to clear focus and alignment of our sales teams.”

Year on Year Licence Revenue Accelerates 40%

PeopleStreme has also seen year on year License Revenue grow at an accelerating rate. “Traditionally we have seen license revenue grow at a compound rate of approximately 20% each year," said Peter Vlant COO for PeopleStreme. "This year we have seen a growth of 28%, due to great execution from both our New Business Development and Customer Experience Management teams.”

PeopleStreme Opens North America Operations

PeopleStreme has set up a presence in Northern America to further accelerate growth. Commenting on the opening of this office CEO Lyle Potgieter said, “We have an expanding footprint in the USA with a whole lot of customers already using our products. The expansion of our US footprint will increase support for the existing customers as well as drive new customer acquisition in the US and Canada."

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