KDnuggets : News : 2003 : n19 : item21 < PREVIOUS | NEXT >


ANGOSS Q3 2003 Results; 40% Revenue Growth, Business Expansion

TORONTO--(BUSINESS WIRE)--Oct. 6, 2003--ANGOSS Software Corporation (TSX-V: ANC), a data mining software solutions provider, released today its unaudited results for the third quarter and nine months ended August 31, 2003, reporting 40% third quarter and 19% year to date revenue growth over comparable 2002 results.

Third quarter revenue grew to $1,174,039 (2002: $838,973) as a result of 30% growth in license revenues and a tripling of service revenues over comparable 2002 results. Third quarter operating results showed a profit from continuing operations of $8,420 compared with a third quarter 2002 loss from continuing operations of $259,446. Third quarter net income was $8,420 compared with a 2002 third quarter loss of $259,446.

"Our products deploy fast and provide business value our clients can see and understand," commented ANGOSS President Eric Apps. "We were particularly pleased to further expand our user base in key financial services accounts during the third quarter. The selection of ANGOSS products over the competition by some of that industry's most sophisticated users of advanced analytics technologies is a significant endorsement of our products, our people, and our business value."

See www.angoss.com

KDnuggets : News : 2003 : n19 : item21 < PREVIOUS | NEXT >

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