Fastest analytical platform gets faster, delivers widest range of connectivity, blazing speed to results
Increase in new orders; surge in revenue from US clients
NEW YORK, July 10, 2013 — Kognitio, driving the convergence of Big Data, in-memory analytics and cloud computing,today announced financial results for the first quarter of its 2014 fiscal year. The company said year-over-year revenue on a quarterly basis grew for the fourth quarter in a row and that it added five new clients in the latest quarter.
Kognitio, a privately-held firm, recorded a 43 percent year-over-year increase in revenue from North American clients, and an 81 percent uptick in order volume from those companies. Company officials noted that non-recurring revenues, increased by 19% from the same time last year.
Kognitio attributed its continued growth to the continued interest in Big Data and Hadoop, especially among mid- and large-sized organizations that face the ever-expanding need to analyze immense amounts of information in less time than before, while accessing it from multiple locations.
“We are executing on our strategy of expanding both with new projects for our established clients, and attracting new accounts,” said Steve Millard, Kognitio president and chief executive officer. “At a time when companies are seeking Big Data solutions more than ever, we are successfully pointing to our track record of delivering an advanced in-memory analytical platform that complements their existing information management environment and primes it for growth.”
In the quarter just ended, Kognitio:
“Momentum is a key factor in any company’s growth, and we clearly have it,” Millard said, “Moving forward, we will be even more aggressive in our efforts to target companies that can benefit from the Kognitio Analytical Platform. By doing so, we intend to continue our upward trend, and further establish our company as an industry leader.”
For more than a generation, Kognitio has been a pioneer in software for advanced analytics, helping companies gain greater insight from large and complex volumes of data with low latency and limitless scalability for competitive business advantage. Sitting at the nexus of Big Data, in-memory analytics and cloud computing, Kognitio extends existing data and BI investments as an analytical accelerator, providing a foundation for data scientists and analytical information services. The Kognitio Analytical Platform can be used as a data science lab or to power comprehensive digital marketing analytics; it runs on industry-standard servers, as an appliance, or in Kognitio Cloud, a ready-to-use analytical Platform-as-a-Service (PaaS) in a public or private cloud environment.
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