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1.31.17

Agylytyx Discusses 2016 Financial Results

Sunnyvale, CA – January 31, 2017 – Agylytyx management talked publicly about financial results for FY2016 today. The results revealed that the company turned in strong product subscription growth and significantly beat its earnings plan for the year. Management indicated that the company’s recent diversification of client base and its’ recently announced end user subscription service would accelerate the company’s growth through 2017.

Product subscriptions were up thirty-three percent. These subscriptions, which were ten percent of the company’s 2015 revenue became twenty percent of the Agylytyx revenue in 2016. The company expects that to increase to about twenty-five percent of total revenue in in 2017, at which point it will consider the mix between product and service revenue to have stabilized.

Management indicated that margins in 2016 were ahead of forecast. Madison Laird, the company’s CEO, noted: “in addition to increasing security and scalability, our move to Azure in 2016 improved our product subscription margins by seven percent.” He continued “these factors and others combined to give us a seven percent better net income than we forecast.”

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 Sunnyvale, California, and has locations in Philadelphia and Washington D.C. For more information about Agylytyx visit www.agylytyx.com.

Contact
Scott Gripenstraw
scott@agylytyx.com
(408) 498-5840


 

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