QuickArrow, Inc. Announces 29% Revenue Increase for Third Quarter 2005; Client Base Continues to Expand
Austin, TX – October 15, 2005...QuickArrow, Inc., a leading provider of automation and management software for Billable Services Organizations, announces a 29% revenue increase for the third quarter of fiscal year 2005, as compared with the third quarter of 2004. For the first three quarters of fiscal year 2005 (ended September 30) revenue was up over 40% from the same period in 2004.
“For the third quarter of 2005, we continued to experience considerable revenue growth,” says QuickArrow CFO Mike Fitzpatrick. “This, combined with the addition of a significant number of new clients, demonstrates QuickArrow's sustained pattern of solid growth.”
Third quarter sales increased substantially, with 25 new clients joining QuickArrow's roster. Recent additions include Macromedia, Inc., Rowan Group and Plumtree Software.
“Our continued success is driven by the consultative and best-practice approach we take when working with our clients, and the on-going investments to add new functionality in our industry-leading PSA Solution,” states QuickArrow CEO Elizabeth Davis. “We are very pleased to welcome these new clients to the ever growing QuickArrow family.”
One of QuickArrow's major focuses for fiscal year 2005 has been its commitment to continually add value for its clients. To support this commitment, QuickArrow has rolled out its Automated Training Library, released several major product enhancements, and established itself as a founding member of the newly formed Technical Professional Services Association (TPSA).
In the fourth quarter, QuickArrow will hold its inaugural SharedVision User Conference and release several more major product enhancements, including updates to its Project Workspace and Project Management modules.
About QuickArrow
QuickArrow is the leading provider of automation and management software for Billable Services Organizations. It offers the first and only PSA solution specifically designed to streamline operations and provide visibility into all key operational metrics for Billable Services Organizations.
QuickArrow has more than 225 clients and 18,500 users worldwide, including IT services, software, hardware, environmental consulting entities, as well as management consulting, health care consulting and business services organizations. QuickArrow is headquartered in Austin, Texas. www.quickarrow.com
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