SOURCE: Objectivity

Objectivity

October 21, 2014 08:00 ET

Objectivity, Inc. Reports Record Revenue and Profit for Their First Quarter of FY15

SAN JOSE, CA--(Marketwired - Oct 21, 2014) - Objectivity, Inc., announced today that it achieved another milestone in the history of the company by posting record Q1 revenues and profits for its quarter ending September 30, 2014. The company posted a 40% profit margin, reflecting strong Q1 revenue growth, as well as excellent cost management.

Objectivity CEO, Jay Jarrell states, "It is especially significant that Objectivity was able to achieve these positive results after recording strong revenues in Q4 of FY14. With the current momentum, I feel comfortable we will meet our financial objectives for FY15. A highlight for the company in Q1 was the addition of several strong technical resources in Silicon Valley, while maintaining discipline with respect to our cash flows."

"This is a positive start to our fiscal year, reflecting a continued commitment to our flagship product Objectivity/DB, and increasing our working capital year-over-year by 109%. In addition, deferred revenue, aided by another quarter of maintenance and support renewals exceeding 90%, increased by 86% over last year," says Gary Lewis, CFO.

Jarrell added that he expects to see the volume of new business increase in FY15. "New business will be driven by the acceptance of our massively scalable and distributed InfiniteGraph graph database product, and the continued new adoption of our flagship product Objectivity/DB."

About Objectivity, Inc.

Objectivity, Inc. is the Enterprise Database leader of real-time, complex solutions for discovering value in Big Data. Our leading edge software: InfiniteGraph®, The Distributed Graph Database™ and Objectivity/DB®, a distributed and scalable object management database, enable organizations to develop scalable solutions to discover hidden relationships for improved Big Data analytics, develop new ROI opportunities and improve inter-departmental business processes to achieve greater return on data related investments.

Objectivity, Inc. is committed to our customers' success, with representatives worldwide. Our clients include: Swiss Life Select, Draeger Medical, Ericsson, McKesson, NEC, Vodafone xone, Siemens and the US Department of Defense. Visit http://www.objectivity.com.

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