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FIRM Continues Strong Growth
Online survey software provider, FIRM (Future Information Research Management), has reported 2006 revenue up 26% to $21.8 million, and a 13% EBIT margin.
The company's fourth quarter revenue hit $7.6 million (22% growth), with an EBIT margin of 21%. This follows a third quarter in which organic revenue rose 32% year on year, from £3.7m to $4.9m, and EBIT margin rose to 11% from just 2% in Q3 2005.
Commenting on the results, FIRM's CEO, Henning Hansen said: 'The fourth quarter is always important for us. With approximately 35% of our annual revenue derived from this quarter we are very pleased that we both managed to renew most of our existing contracts and at the same time organically grow the revenue substantially. The result we are delivering this quarter is the best in our history and clearly demonstrates the scalability in our business model.'
FIRM has 110 employees based in offices in Oslo, London, New York and San Francisco and partner resellers in Amsterdam, Sydney and Tokyo. The company is online at www.confirmit.com .
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