Gotta admit, I am about to run out of the (semi-) witty headlines for Day Software that continues to build on the momentum and report bright financial results quarter after quarter. That is, let’s not forget, following the not-so-bright period a bit of time ago.
After reviewing and changing their accounting policies, doing a bit of a re-org in the upper echelons and shedding some extra weight, Day continues to deliver positive numbers in Q3 2009. The highlight of Q3 (interim results) is a considerable increase in license revenue — a 37% growth over the same period in 2008 and a 26% increase over 1H 2009.
Day attributes these revenue numbers to “global demand for CQ5” and “major new customer wins.” I’ve looked at both CQ5.1 and CQ5.2, as they came out, and do tend to agree that the product is starting to look more and more compelling.
These were interim Q3 results. Not many details are available, but chances are R&D (and associated sales and marketing, etc.) spendings are sky-rocketing to get the upcoming CQ 5.3 to the market.
At this time, we don’t know much about how the license revenue increase correlates to, for example, consulting, training and overall Professional Services (Does Day even have PS? Not really.) revenues. Someone’s got to implement all those sales deals…
Cross-published on CMSWire.com: Day Boasts License Revenue Jump in Q3 2009