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9.5.16

Agylytyx Discusses 2Q 2016 Financial Results

Sunnyvale, CA – September 5, 2016 – Agylytyx announced that both revenues and net income exceeded its plan for the first half of the year. Revenue for the company was 101% of plan in the first quarter. Management indicated that revenue was becoming more predictable as the company’s revenue from the subscription product, the Agylytyx Generator, grew. Agylytyx product revenue was 100% forecast, where the company’s professional services were 102% of first quarter forecast.

The company’s gross margin was slightly higher (two points higher) than anticipated, mainly due to better economies of subscription delivery scale and slightly higher service utilization rates than anticipated.

Perhaps the largest surprise for the first half was the company’s success at expense reduction, led by a 40% reduction in the company’s G/A versus its forecast. As a consequence, the company’s net income was 15% better than expected.

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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