SUNNYVALE, Calif., March 31, 2016 (GLOBE NEWSWIRE) -- Agylytyx management talked publicly about financial results for FY2015 today. The results revealed that the company turned in strong year-over-year revenue growth and significantly beat its earnings plan for the year. Management noted that the company’s better than expected performance enabled it to make investments designed to continue the company’s momentum into 2016.
Revenue more than doubled year over year. Ten percent of the company’s 2015 revenue was from its product subscription business which started in April. The company expects that to double in 2016 to twenty percent of revenue.
Management indicated that profits in 2015 had been reinvested toward the end of the year. Madison Laird, the company’s CEO, noted: “we made a strategic decision that our best cost of capital option was to invest our profits back into the company.” He continued “reinvesting our profits in Q4 allowed us to exceed our sales forecast for the year and enter 2016 with an even stronger sales pipeline.”
The company also made infrastructure investments in the second half of the year. These investments were predicted in the company’s mid-year earnings press release. They enabled Agylytyx to more quickly deploy customers and also enhanced the company’s product roadmap.
Agylytyx provides cloud-based enterprise business analytic software. The company's flagship product, the Agylytyx Generator, frees up analyst time and results in better decision making across corporations. Agylytyx is based in Sunnyvale, California, and has locations in Philadelphia and Washington D.C. For more information about Agylytyx visit www.agylytyx.com.
Scott Gripenstraw firstname.lastname@example.org (408) 498-5840