OutStart Reports Strong Third Quarter 2007 Results
Outstart | LONDON

19-Oct-2007 » Training Press Releases » Company achieves seventh consecutive quarter of profitability and impressive new customer revenue growth

OutStart, the leading provider of eKnowledge software solutions for learning and knowledge sharing, today announced it achieved its seventh consecutive quarter of strong operating profits and a positive cash flow. Additionally, revenues from new customers were up 50 percent over the same period last year.

"The third quarter results are right on target," said Massood Zarrabian, president and CEO of OutStart. "We have sizable orders from existing customers and an impressive list of new customers in the quarter. The results show that we are delivering solutions that businesses need to empower customers, partners and employees with the learning and knowledge they require. As always, we thank them for their ongoing support and business."

"I am very pleased with our financial performance and increasing financial strength through the summer months," said Dan Kossmann, OutStart's CFO. "OutStart's employees and managers are working very hard to build great products, attract new customers and to assure that our existing clients are successful. This hard work is reflected in our strong and steadily improving performance metrics."

At OutStart, we're out to solve a big problem. Most organizations posses a wealth of underutilized collective intelligence around their products, services and processes. This underutilization negatively impacts employees, customers and partners, costing precious time and money while hindering performance. Said simply, "what your people don't know will hurt you." OutStart's social business software, mobile and learning solutions act like a lifeline: connecting people to the know-how, creativity and learning they require to be efficient, effective and agile.

Since its inception in 1999, and backed by leading venture capital firms, OutStart has matured into a profitable and rapidly growing company with an impressive range of customers who are surpassing expectations and delivering exceptional business results. The company is honored to have customers like Autodesk, BB&T, Boeing Company, BT, CVS Caremark, DIRECTV, General Dynamics, Hewlett-Packard, Internal Revenue Service, McDonald's, MetLife, Prudential, Australian Defence Force, U.S. Navy, UK Ministry of Defence, Verizon Wireless and Yum! Brands. To learn more about OutStart, visit the company on the web at www.outstart.com. You can also read the blog at http://blog.outstart.com and follow us on Twitter at http://twitter.com/outstart.

Locations listing this release: Alltheweb | Google | Bing | Yahoo

 Outstart RSS news feed

View all Outstart press releases

Search blogs for Outstart

Follow the headlines with   |  Add to your Google Homepage  

	For further information about this story, please contact:
	Contact name:   Vikki Hearne, Marketing Programmes Manager Contact e-mail:   vhearne@outstart.com   Contact telephone:    Web site:   http://www.outstart.com Contact name:   Bill Perry, PR Contact, MARCH 24 Media Contact e-mail:   bperry@march24media.com   Contact telephone:   614-975-7538 Web site:   http://www.outstart.com/
	News providers may freely use information from the press releases within their own news services. Where an entire press release is copied or significant parts of it copied, then "Training Press Releases" should remain clearly quoted as indicated at the start of each press release. This news story is a press release from the above company and does not represent the views of Training Press Releases. Please ensure that you read our legal notices.