Wednesday, 6 February 2008

Interwoven Announces Q4 & Year-End Financials

Interwoven reported total revenues of 62.9 million dollars for the fourth quarter of 2007, an increase of 17% from total revenues of 53.9 million dollars for the fourth quarter of 2006.

For the year ended December 31, 2007, the content management provider reported total revenues of 225.7 million dollars, an increase of 13% from total revenues of 200.3 million dollars for 2006.

“Across the board, we turned in a tremendous fourth quarter and full-year performance,” said Joe Cowan, CEO at Interwoven.

“Our fourth quarter and full-year revenues and earnings were the highest we’ve ever recorded, and add to our strong foundation for continued growth. Now more than ever, organizations are putting Interwoven at the core of their efforts to grow their business, increase profitability and business agility, and improve customer relationships.

On November 1, 2007, Interwoven completed the acquisition of Optimost LLC and the results of Optimost have been included in the company’s financial statements since that date. Since November 1, Optimost’s subscription revenues were 1.5 million dollars, with an operating loss of approximately 250,000 dollars.