Financial Apps Drive Hyperion Sales Jump - InformationWeek

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Software // Information Management

Financial Apps Drive Hyperion Sales Jump

The BI firm experiences double-digit growth for its planning and financial management applications in the fiscal first quarter.

License and maintenance revenue drove big sales gains at Hyperion Solutions, which reported earnings for its first fiscal quarter that outpaced the same period last year by almost 20 percent.

The business intelligence and performance management software firm reported earnings of $11.6 million on sales of $159.5 million for the quarter ended Sept. 30, up from a profit of $9.7 million on revenue of $123.6 million in the quarter last year. License revenue growth slightly edged maintenance revenue growth.

"Our financial applications enjoyed another exceptional quarter, highlighted by double-digit growth for both Hyperion Planning and Financial Management," Hyperion president and CEO Godfrey Sullivan said in a statement. "Additionally, we closed the largest Hyperion Strategic Finance transaction ever and signed a Performance Suite transaction that ranked in our top 10 wins for the quarter."

The results excluded the impact of charges. Those charges relate to deferred revenue write-downs, amortization of purchased intangible assets, amortization of deferred stock-based compensation and restructuring costs.

Hyperion's shares had gained about 3 percent on the markets Friday.

Recent customer wins for Hyperion include the District of Columbia, Fiat, GlaxoSmithKline, AstraZeneca and The Regents of University of California, Los Angeles, among others.

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