Agylytyx Discusses 2017 Results

Sunnyvale, CA – January 29, 2018 – Agylytyx management announced better than expected results for the year ending 2017. Overall revenue for the company concluded 2017 smaller than expected. As telegraphed by the company’s discussion of 1H 2017 and 3Q 2017 financial results management, the weaker than expected revenue was due largely to services business which was being delayed, likely into 2018. Product subscription revenue was slightly smaller than expectations due to the delay of a single deal that was forecast for the company’s flagship product the Agylytyx Generator.

The company’s gross margin results continued to exceed forecast as management had anticipated. Two factors contributed to the margins being almost twenty points better than expected. The first factor, as management had noted throughout the year, we due to the better than expected hosting performance on the product side. The second and slightly larger factor, was due to the greater concentration of subscription revenue to services revenue. Subscription revenue had been forecast to be about one quarter of total revenue, and due to the delay of services deals, subscription revenue constituted almost half of the company’s revenue.

From a net income perspective, the company turned in a slightly profitable year. While management continued to reinvest profits, the company still turned in record net income which was more than twice the previous year.

About Agylytyx
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 San Jose, California, and has locations in Philadelphia and Chicago, IL. For more information about Agylytyx visit www.agylytyx.com.

Scott Gripenstraw
(408) 498-5840


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