Maconomy Delivers License Growth for 14th Straight Quarter

06-11-2008

Maconomy Delivers License Growth for 14th Straight Quarter

November 6^th, 2008: Boston, MA- Amid a global financial crisis and economic collapse, Maconomy presents continued growth in revenue as well as profits. World-wide revenue rose by 5 percent to USD 5.8 million compared to Q3 2007 (10 percent after exchange rate adjustments) while licence revenue grew for the 14th straight quarter. In the US license revenue grew 11% during the third quarter. Maconomy maintains its overall expectations for 2008.

“We are very happy that Maconomy has delivered growth every quarter for the past three years – even in a changing business climate. We are now wrapping up the final quarter in our 3-year ”Roadmap for Growth” plan, and with continuous license revenue growth during the last 14 quarters we are well-positioned to provide solid solutions for the PSO market over the coming 2009-2011 period”, says Steen Andersen, President, Maconomy US.

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