Reporting Software Provider LogiXML Demonstrates Dramatic 45 Percent Revenue Growth Per Quarter
1 January 1970LogiXML (www.logixml.com) today announces that, as of the close of the company’s second fiscal quarter on June 30, 2005, it has achieved revenue growth per quarter for three sequential quarters of 45% in license revenue. Not only is LogiXML seeing more license revenue in general, organizations are ordering more product in each transaction, leading to a doubling of the average deal size over the last 12 months.
“Companies are increasing their spending on business intelligence reporting because it gives them a better view of where they are, and where they need to be to achieve their business objectives,” said Arman Eshraghi, LogiXML CEO. “Technically, the need for zero-footprint, web browser-based reporting grows everyday with more and more corporate IT departments, ISVs and VAR’s realizing that a Web client is the model end users expect today. This movement plays directly to LogiXML’s strengths.”
In order to accommodate the growth of the LogiXML team, consistent with this outstanding business performance, LogiXML has recently doubled its office space at its McLean, Virginia headquarters.
The LGX Report technology rests on fully managed .Net code that is easier to deploy, maintain and integrate than client server legacy reporting products like Crystal Reports.
LogiXML offers a complete set of report development products for Web browser-based reporting that can be used as a powerful managed report development platform for business intelligence delivery to end users, including the newly released Report Liberator Edition, LGX Info and LGX Report Plus. The company also offers the powerful LGX Ad Hoc product for end-user driven report development.
Built on XML technology, the LGX Business Intelligence Report Development Platform lets developers create full-featured web-based reports using a drag and drop user interface. The platform allows developers to connect with web services and all major (or ODBC and OLEDB compliant) databases such as Oracle, SQL Server, DB2, Sybase, MySQL, etc., and can be deployed across any .NET architecture.
About LogiXML, Inc.
LogiXML builds powerful Business Intelligence reporting and analytics products that are easy to learn, use, deploy and maintain. Our products help organizations make better, timelier decisions by transforming disparate data into critical business information.
LogiXML's growing base of customers includes leading organizations in Telecommunications, Life Sciences, Finance, Logistics, Education, Computer Hardware and Software, Retail, Non-Profit and Government. LogiXML stands as a leading provider of BI products, providing a complete and unique set of easy to use, XML-based solutions accessible through a standard web browser.
For more information about LogiXML, please contact:
Marketing and Public Relations
LogiXML, Inc
401 330-0385
www.logixml.com
Source: PR Web
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