Jedox Shines with Excellent Financial Results
Record Results / Revenue of Eight Million Euros / Median Annual Growth 44.9%
FREIBURG, Germany, February 4, 2013 /PRNewswire/ --
Posting preliminary 2012 year-end results of eight million euros (2011: 5.7 million euros), Jedox AG has surpassed its own expectations-and those of its shareholders as well. Not to mention, despite continuing major R&D investments, the software specialist for BI and performance management solutions, based in Freiburg, Germany, is posting a profit.
"These outstanding results confirm that our dual strategy of free and fee-based premium business intelligence software is on track. And in 2013 we will continue to plug away to keep this success story going," commented Jedox CEO and founder Kristian Raue.
In detail, Jedox revenues grew an average of 44.9% annually in the past triennium. The ratio between software license revenue and consulting revenue is 60:40. In 2012, 118 new customers chose Jedox solutions. The ratio between direct sales and business partner revenue is 58 to 42 percent (in 2011, it was 70:30), moving Jedox closer to their mid-term goal of achieving sales parity between the two sales channels. 57 percent of Jedox AG sales were achieved in the German home market, while 43 percent were recorded internationally.
Jedox was able to grow beyond Germany's borders, too, acquiring 33 new partners in 2012-even beyond the German speaking countries of Europe-namely in Latin America, North America, Asia, Benelux, and Scandinavia. Explained Jedox Sales Chairman Bernd Eisenblätter, "In this new year a major goal of ours is to keep on pushing international business. We want to connect more and more business partners to our company. After all, it's largely thanks to our partners that Jedox software is now deployed in more than 100 countries around the world."
Contact Jedox AG:
Dr. Joachim Eicher
SOURCE Jedox AG
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