Boston, July 28, 2003 – OutStart, provider of the only proven, content-centric, integrated product family for learning, today announced that it earned record revenue during the second quarter of 2003. Highlights for the quarter included:
Total revenue increased by 135% when compared to total revenue in the second quarter of 2002.
OutStart has realized a 24% compound quarterly growth rate over the last four quarters.
82% of revenue was software and maintenance revenue, versus 18% of revenue from services.
Customer orders increased by 155% when compared to customer orders in the second quarter of 2002.
World-class organizations like Kaiser Permanente, Australia Defence, American Stock Exchange and Science Applications International selected OutStart’s learning applications to power their learning initiatives.
Strong traction through OutStart’s partner channel with companies including Deloitte Consulting and THINQ contributing new business.
“Our strong second quarter results came from the unequaled breadth and depth of our product offerings, which allow us to effectively and economically meet the needs of organizations of every size and structure,” said Dan Kossmann, chief financial officer.
“Our numbers for the second quarter reflect the wave of momentum that we are experiencing as a company,” said Massood Zarrabian, president and CEO of OutStart. “I am very pleased with our continued strong growth, and believe that our new products, Evolution Learner Manager, Evolution 4, and Studio 2, will accelerate this growth. We have the opportunity to increase our market share in the months ahead, particularly since we now provide complete, best-in-class learning solutions for any size company or team,” he said.
About OutStart
OutStart provides a proven, integrated product family for companies seeking to increase individual and organizational performance. Only OutStart offers complete learning applications that meet all of the diverse learning and training needs of large and small companies and any size team. OutStart’s content-centric learning applications enable an organization to transform its unique business knowledge into practical learning assets and deliver those assets to the right person, the right way, at the right time, to drive a sustainable competitive advantage. They also include the functionality needed to manage all administration around learning and training processes.
OutStart helps companies realize improvements in sales force and services productivity, call center efficiencies, customer and partner education and technology adoption. OutStart is headquartered in Boston and has offices in Atlanta, Chicago, Dublin, Lake Mary, Fla., London, Los Angeles, New York City, Raleigh, N.C., and Washington, D.C. For more information, visit www.outstart.com
