SmartStream Delivers Record Financial Performance
July 05, 2006
SmartStream has announced outstanding preliminary financial results for the year '05-'06 breaking all records for financial measures. The company's strong first half year performance continued throughout the year resulting in record: Revenues, Revenue Growth, Profits and Profit Growth.
These achievements were driven by strong Software Licence sales as well as excellent growth in the company’s Professional Services and Maintenance businesses. The results are proof positive of SmartStream’s highly competitive product range and the firm's global execution capability. Every geographic region across the operation evidenced substantial growth – in some cases doubling the size of their revenues. The scale of the performance underlines the confirmation of SmartStream as the leading player in its market with its STP Control Architecture powered by its TLM products.
The investment SmartStream maintained in new products over recent years ensured it outperformed the competition in a resurgent market. The company was able to secure an impressive list of new projects with leading financial institutions around the world, all of whom recognised the value of the company’s new products. New clients and projects included: Bank of America, Citigroup, Genpact, HSBC, ING Investment Management, Lehman Brothers and RBS.
This outstanding year has not only set new records for the company but it has provided a solid foundation to deliver a sustained performance for the next financial year and beyond. Whilst trading remains competitive SmartStream is confidently positioned for success with its team of experienced and talented employees, the market leading product vision and relationships with more than 1,000 customers around the world.