Business Objects passes the billion dollar revenue milestone
SAN JOSE, Calif. and PARIS, Oct. 27, 2005 -- Achieving one billion dollars in annual revenue is a very important milestone for an enterprise software company. To reach this milestone, a company must serve a large market, and play a significant role in the addressing a range of customer business needs. Business Objects, the world's leading provider of business intelligence (BI), today announced that it has achieved this distinction by becoming the first pure-play BI vendor to pass the one billion dollar mark, recording $1.039 billion in trailing twelve month revenue for the quarter ending September 30, 2005.
"Today is an important day for Business Objects," said Bernard Liautaud, founder, chairman of the board, and chief strategy officer. "With our customers and partners we have helped create the multi-billion dollar business intelligence software market. Today, business intelligence is one of the most strategic information technology investments an organization can make. Increasingly, what separates the high performance organization from the rest of the pack in an industry is its ability to gain insight and act on it with high velocity. I would like to thank all our employees, who years ago set their sights on this target and have worked tirelessly to reach this goal. Now, as John Schwarz leads Business Objects into the next stage of growth, I am highly confident in our company's prospects, and that we will continue to lead and define the business intelligence industry for years to come."
Fifteen years ago, Bernard Liautaud founded Business Objects on a simple premise -- that software can help users tap into the vast amounts of information in their corporate databases to improve performance. However, building a billion dollar software company takes more than a vision -- it takes constant innovation, quality products, excellent customer service, outstanding employees, and the ability to execute in all economic conditions. Throughout its growth, Business Objects has focused on these elements, and as a result has become one of the world's most successful software companies. Of all publicly traded software companies on U.S. stock exchanges, Business Objects is one of only four software companies to have recorded over 12 consecutive years of growth and profits.
"This is an incredibly exciting time for Business Objects and the business intelligence industry," said John Schwarz, CEO of Business Objects. "The business intelligence market continues to expand as more users adopt BI tools and analytic methods. BI is increasingly playing a strategic role in most aspects of business operations. I look forward to working with our customers, partners, and employees as Business Objects extends its lead in the business intelligence industry."
About Business Objects
Business Objects is the world's leading business intelligence (BI) software company. With more than 30,000 customers worldwide, including over 80 percent of the Fortune 500, Business Objects helps organizations gain better insight into their business, improve decision making, and optimize enterprise performance. The company's business intelligence platform, BusinessObjects(TM) XI, offers the BI industry's most complete and trusted platform for performance management, planning, reporting, query and analysis, and data integration. BusinessObjects XI includes Crystal Reports(R), the industry standard for enterprise reporting. Business Objects has also built the industry's strongest and most diverse partner community, and the company offers consulting and education services to help customers effectively deploy their business intelligence projects.
Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company's stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com.
Business Objects and the Business Objects logo, BusinessObjects, WebIntelligence, Crystal Reports, Crystal Enterprise, Crystal Analysis, RapidMarts, and BusinessQuery are trademarks or registered trademarks of Business Objects S.A. or its affiliated companies in the United States and/or other countries. All other names mentioned herein may be trademarks of their respective owners.
Business Objects Randy Cairns, 408-953-6036 firstname.lastname@example.org or Eastwick Communications Erin McCabe, 650-480-4016 email@example.com
|DSS Home | About Us | Contact Us | Site Index | Subscribe | What's New|
|Copyright © 1995-2021 by D. J. Power (see his home page). DSSResources.COMsm was maintained by Daniel J. Power. See disclaimer and privacy statement.|