ILOG Announces Record Quarterly Revenues; Business Rule Quarterly Revenues Up 69% Over Last Year.
Business Wire (October 25, 2004)
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ILOG Announces Record Quarterly Revenues; Business Rule Quarterly Revenues Up 69% Over Last Year.
PARIS -- ILOG(R) (NASDAQ: ILOG; Euronext: ILO, ISIN: FR0004042364) today announced results for the quarter ended September 30, 2004, the first quarter for its 2005 fiscal year. Total revenues were $29.1 million, a record quarter for the Company, up 29%, compared to $22.6 million for last year's first fiscal quarter. ILOG improved its profitability in a traditionally weak quarter with net income of $2.5 million and earnings per share of $0.14. This compares with net income of $63,000 and earnings per share of $0.00 in the prior year's first quarter.
"I am very pleased with this quarter's revenue growth," said ILOG Chairman and CEO, Pierre Haren. "Seasonality was offset by good execution in Europe and the U.S., driven by demand for our Business Rule Management System (BRMS) products." The seven largest deals in this qua...Try vLex for FREE for 3 days
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