Onyx exceeds expectations with $32.8m revenues

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Onyx Software has announced record revenues of $32.8 million for the third quarter ending 30 September – up 108% from the $15.7 million reported in the third quarter of 1999.

Sequential revenue growth between the second and third quarters was 23% for license revenue, and 12% for services – 19% overall. Software license revenues were $20.4 million, up 106% from $9.9 million.

“We have exceeded analysts’ expectations for the seventh quarter in a row,’’ says Onyx Software president, Brent Frei. “We have the competitive advantage of offering a single customer platform that spans both Internet and traditional customer contact, allowing Onyx to bring business and e-business together.”

Onyx recorded four license sales in excess of $1 million during the third quarter, including one for $3 million and another for $1.9 million.

Onyx Software, Softbank Investment and Prime Systems are to create Onyx Japan to bring Onyx Software’s e-business and relationship management solutions to the Japanese market.

Onyx operates worldwide, supporting companies such as American Express, Cognos, Commerce One, Credit Suisse, Ericsson, Swiss Life, Colgate, Friends Ivory & Sime and NTL Group.



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