SOURCE: Tidal Software

January 26, 2006 12:42 ET

Tidal Software Reports Continued Success With New Record for Revenue and Growth for Second Quarter, Fiscal 2006

License Revenue Achieves New Level of Growth Driven by Advanced Application Scheduling and Performance Products

PALO ALTO, CA -- (MARKET WIRE) -- January 26, 2006 -- In its third consecutive year of accelerating growth, Tidal Software, a leading provider of application scheduling and performance management software products, today announced a new quarterly revenue record for its fiscal second quarter ending December 31, 2005. The company attributes the record results to strong customer response to important new product advancements.

The second quarter exceeded expected results with quarterly bookings growing 54% year-over-year for the second quarter and continuing sequential growth over a strong Q1. Results were led by significant growth in new license sales with strength in both the scheduling and performance products. Results for profitability and cash flow were up, in line with company expectations.

In the second quarter, new customers including Accenture, Genzyme, Lockheed Martin Missiles, Lucent Technologies, and RSA together with existing customers including General Mills and Microsoft invested in Tidal Software products for their application scheduling and performance solutions. Accenture, General Mills, and others selected Tidal for new capabilities in application scheduling and performance. Announced earlier in the quarter, Tidal continues to add to the unique Expert-in-a-Box™ technology, extending application performance analysis to reach into Java and databases to pinpoint application problems. Tidal also introduced linkages between application scheduling and performance for on-demand performance analysis and optimization of applications. Customers also continued to consistently cite ease-of-use and clear vision as reasons for choosing Tidal Software.

"Our performance this quarter along with our roster of sterling customers clearly indicates demand for the enormous power introduced by our combined application scheduling and performance management products and its ability to simplify the operation of enterprise applications in the data center," said Flint Brenton, CEO and President, Tidal Software. "Our excellent performance caps a strong first half and positions us well for the second half of fiscal 2006, during which we will continue to invest in our channels to market and accelerate the development of our technologies. We will continue to enrich our products by strengthening the ties between scheduling and performance and extending the reach of our performance expert products into Java, web, and database technologies supporting today's enterprise applications."

Tidal's second quarter accomplishments included important product advances that further simplify IT operations. The company demonstrated new achievements in optimization of enterprise applications through advanced integration of Tidal Enterprise Scheduler with Tidal Horizon. Examples include on-demand escalated monitoring of long running processes and adjusting job schedules to address real-time business needs. Capabilities like these can push automation of IT operations to new levels, driving new cost saving and productivity for IT and greater capabilities and level of service for the business. The company also enhanced its performance management offerings with new Expert-in-a-Box capabilities for databases and web middleware including Oracle Database, Microsoft SQL Server, SAP NetWeaver, and Java.

About Tidal Software

Tidal Software is a leading provider of application scheduling and performance management solutions. Tidal provides products that make applications, such as SAP®, PeopleSoft®, and Oracle E-business Suite™, more efficient, productive, reliable, and secure, enabling them to return the business value that companies need to be successful. Tidal's software is used by many of the world's most advanced datacenters, including General Mills, HP, Microsoft, T-Mobile, and Warner Brothers. The privately held company is venture-funded by JPMorgan Partners, Novus Ventures and VantagePoint Venture Partners. For more information, contact Tidal Software at (650) 475-4600 or visit the company's web site at www.tidalsoftware.com.

The Tidal Software logo, Tidal Enterprise Scheduler, Tidal Horizon and Expert-in-a-Box are trademarks of Tidal Software, Inc. All other trademarks are those of their respective owners.

Contact Information

  • For more information contact:
    Tidal Software, Inc.
    2100 Geng Road
    Palo Alto, California 94303
    Phone: (650) 475-4610
    PR: Email Contact