QuickArrow Announces Significant Revenue Increases for First Quarter 2005 –
Revenue Up by 46% over First Quarter of 2004; Client Base Expanding Rapidly
Austin, TX -
May 17, 2005...QuickArrow, Inc., the leading provider of automation and management software for Billable Services Organizations, announces a 46% revenue increase for the first quarter of fiscal year 2005, as compared with the first quarter of 2004. For the quarter ended March 31, 2005, revenue was up 21% over the final quarter of fiscal year 2004.
“We experienced significant revenue growth for the first quarter of fiscal year 2005,” says QuickArrow CFO Ron Jennings. “This continues our solid positive cash flow and profitability into 2005.”
First quarter sales increased substantially, with 23 new clients joining QuickArrow’s roster. Recent additions include Agile Software Corporation, Digital Impact, Inc, and Knova Software, Inc. (formerly ServiceWare Technologies).
“We are very pleased to welcome these new members to the QuickArrow client base,” states QuickArrow CEO Elizabeth Davis. “We’ve proven that we can take care of strong, major accounts like these, and that we are the PSA solution resource, period.”
For fiscal year 2005, QuickArrow is well into scaling its ability to deliver superior support to its clients as more are added. Also, consistent with its commitment to continually add value for its clients, QuickArrow recently released the Automated Training Library. The Automated Training Library allows QuickArrow users access to training and information on QuickArrow’s product 24 hours a day, seven days a week, from any location in the world.
In addition, QuickArrow is deploying several major product releases in 2005.
About QuickArrow
QuickArrow is the leading provider of automation and management software for Billable Services Organizations, helping such organizations more effectively manage and monitor the profitable delivery of professional services. QuickArrow is the first and only PSA solution specifically designed so that Billable Services Organizations can streamline their operations and have visibility into all key operational metrics.
QuickArrow has more than 180 clients and 14,000 users worldwide, including IT services, software, hardware, environmental consulting entities, as well as management consulting and health care consulting organizations. QuickArrow is located in Austin, Texas. www.quickarrow.com
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