SOURCE: Objectivity

Objectivity

October 30, 2013 08:00 ET

Objectivity, Inc. Reports a Surge in Revenue and Bookings for Their First Quarter of FY13/14

SAN JOSE, CA--(Marketwired - Oct 30, 2013) - Objectivity, Inc., announced today that the company realized a banner Q1 (ending September 30, 2013) with a revenue increase of 83% over the previous quarter and 66% over the same quarter a year ago. In addition, bookings were up 141% over the previous quarter and 119% over the same quarter a year ago.

"This is a great start to our fiscal year, reflecting a strong flow of recurring revenue and further expansion of new customers, as we continue to strengthen our position in both the emerging graph and traditional database markets," says Gary Lewis, CFO.

InfiniteGraph, Objectivity's latest product, is a complementary graph database technology that enables customers to develop Java based solutions to discover hidden relationships, connections, and paths within complex Big Data for real-time decision support within solutions including cyber security detection and prevention, mobile telecom, network management, marketing ROI and healthcare. 

In addition to ongoing progress and adoption of InfiniteGraph, Objectivity/DB continues to prove itself to be the leading Object Database solution available with consistent renewals and a recent increase in new customer opportunities.

Objectivity CEO Jay Jarrell states, "I am especially pleased that our customers continue to validate the success of our products and the quality of our support organization as evidenced by our current annual maintenance and support renewal rate of 96%."

The company has a strong and positive outlook with respect to new customer adoption and long-term revenues. As the Big Data market continues to mature, new customers and vertical segments are realizing the benefits of graph database technologies for real-time relationship analytics applications.

About Objectivity, Inc.
Objectivity, Inc. is the Enterprise Database leader of real-time, complex Big Data solutions. Our leading edge technologies: 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: AWD Financial, CUNA Mutual, Draeger Medical, Ericsson, McKesson, IPL, Siemens and the US Department of Defense. Visit http://www.objectivity.com.

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