NetQoS has recorded 30 consecutive quarters of double-digit year-over-year revenue growth as of our third quarter ended September 30
AUSTIN, Texas (PRWEB) October 23, 2008
"NetQoS has recorded 30 consecutive quarters of double-digit year-over-year revenue growth as of our third quarter ended September 30," said Joel Trammell, NetQoS CEO. "We continue to quickly add customers despite the economic downturn. NetQoS products and services help IT organizations manage the complexities of delivering business-critical applications across the network and determine which new technologies and infrastructure upgrades are worth the investment."
During the first half of 2008, NetQoS grew license revenues 60 percent year-over-year, increased EMEA revenues 160 percent year-over-year, and added more than 100 new customers. NetQoS debuted on the Software 500 list in 2005 at number 412.
"The 2008 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $451.8 billion worldwide for 2007 representing 14.7% growth from the previous year," said John P. Desmond, editor of Software Magazine and Softwaremag.com. "We have added over 100 new companies to the list this year. We're seeing strong growth from more companies based outside the U.S., especially from systems integration and outsourcing services firms based in India."
"The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners," Desmond continued. "It is a quick reference of vendor viability."
The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.
The ranking is based on total worldwide software and services revenue for 2007. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at http://www.Softwaremag.com, as well as from public documents.
About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for nearly 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world's largest software and services companies, now in its 26th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
About NetQoS Inc.
NetQoS provides network performance management software and services that improve application delivery across the world's most complex networks. More than 900 service providers, government agencies, and large enterprises – including half of the Fortune 100 – use the NetQoS Performance Center to monitor application service levels, troubleshoot problems quickly, and plan for change. Representative NetQoS customers include Chevron, Lockheed Martin, Reuters Group plc, American Express, Siemens, Boeing, Deutsche Telekom, NASA, and Barclays Global Investors. Headquartered in Austin, Texas, NetQoS has R&D centers in Austin and Raleigh, N.C., and regional sales offices in London and Singapore. For more information, visit http://www.netqos.com or call (877) 835-9575.
NetQoS is a trademark of NetQoS Inc. All other trade names, trademarks, and registered trademarks are the property of their respective owners.
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