EasyVista Announces Fiscal Year 2013 Third Quarter Results
Share our post
Third Quarter turnover (for the period July – September 2013) achieves 31% growth as the Company’s activities continue to accelerate.
New York, November 5th, 2013 - EasyVista Inc. (www.easyvista.com), a global leader in cloud-based IT Service and Asset Management, has published its results for the third quarter of fiscal year 2013 with strong growth reported across the Company’s global operations.
EasyVista’s consolidated turnover for software, services and maintenance in the third quarter increased by 31% compared to Q3 FY 2012. Globally EasyVista Cloud continued its strong momentum with a 63% increase in its Cloud IT Service Management subscriptions that will contribute to future revenues. On-premise license sales also remained strong due to the successful conclusion of several longer deal cycles that included the signing of a contract with a major Bank with global IT operations. Professional services rose by 27% for the second consecutive quarter and maintenance revenues remained stable.
For the fiscal year-to-date, total revenues are up 20% compared to the same period of 2012. “This is circa 300% of the market sector growth so we are winning significant market share”, said Andy White, General Manager (Americas) at EasyVista. “We have increased our activity across all sectors of our business and the fact our Cloud solutions are up more than 60% and total recurring revenue is 66% is a significant achievement. EasyVista has delivered a value proposition that is simply stronger than those offered by other ITSM players. Our strong growth is now backed by a healthy subscription backlog, increased by 28% to the end of September 2013, that will support further sales momentum and investment.”
White continues, “EasyVista’s expansion across North America will continue this quarter in response to clear market need and opportunity. Strategically this is now being converted into an aggressive expansion plan for 2014 that will see Sales and Services headcount double, additional office space in the New York area and a commitment to more widely supporting the IT Service and Asset Management industry.”
Other FY 2013 Q3 highlights include:
EasyVista acquires Rift Technologies
EasyVista wins its first client in Australia, Gold Fields Mining Group
EasyVista achieved 6% growth in Southern Europe in difficult economic conditions
EasyVista has expanded its coverage in Northern Europe with the recruitment of a leading VAR in the Netherlands.
The acceleration in sales-backed activities in the third quarter confirms EasyVista’s ability to achieve a strong finish at the end of the current fiscal year that will allow the Company to achieve its investment strategies for FY2014.