6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Heiler Software, provider of Product Information Management (PIM) and e-procurement software, has increased its revenue from 2.775 million euros to 4.225 million euro (+52%) in the second quarter of the financial year 2010/11 (01/01/2011 – 03/31/2011) compared with the figures for the same quarter last year, thereby recording the best second business quarter in the history of the company.
Heiler Software recorded particularly high growth for software license revenues, with an increase from 0.489 million euro to 0.972 million euro (+99%) compared with the figures for the same quarter last year. Maintenance revenues rose by 24 %. Thanks to the good order situation, the company also saw a significant increase in consulting revenues with an increase from 1.350 million euro to 2.123 million euro (+57%).
For the first half of the financial year 2010/11 this signifies an increase in turnover from 5.618 million euro to 8.332 million euro (+48%) compared with the figures for the same period last year. Above-average growth was recorded for license revenues, with an increase from 0.907 million euro to 2.067 million euro (+128%). This strong growth in turnover led to an increase in gross profit from 2.774 million euro to 4.417 million euro (+59%). The EBIT increased from -0.604 million euro to 0.582 million euro (+1.186 million euro).
Due to the positive business development the company has raised its growth forecast for the current financial year and, instead of an increase in turnover between 25% and 30%, is expecting a growth in sales in the 30% to 40% range to about 16 million euro.