FY15 Expected Results
As already reported, Prophecy has had a spectacular year with its new sales growth for the SNARE software set. This growth has continued through June and has delivered record results through to the end of our financial year.
eMite Acquisition Earnings Update July 2015
eMite provides ‘Business Intelligence Analytics software’ to enterprise customers. Its products enable all businesses to make the right real time decisions by providing intuitive representation of real time data from any system in their company based on an easy to deploy, simply scalable BI system with top class analytics in a user adjustable interface.
Acquisition and Placement
Prophecy International Holdings Limited is pleased to announce that it has completed a sale and purchase agreement to acquire 100% of Australian software company eMite Pty Ltd. This transaction is effective as of July 1st 2015.
Snare Sales Growth Hits 117%
New sales of SNARE software products have continued to surge during the month of May. The month closed out with a very impressive sales total that has made May the second best sales month so far this financial year.
- SNARE sales growth now at 117% YTD to end of May
- May comes in with second best sales month of the year
- Sales growth rate continues to improve month by month
- Upgrades are now coming from our Open Source base
- June sales forecast to be a record along with the full year
- Denver office resources continue to expand
New sales of SNARE software products have continued to surge during the month of May. The month closed out with a very impressive sales total that has made May the second best sales month so far this financial year.
As a result, the YTD new sales total for SNARE has grown 117% compared to the same period last year. This is calculated on a fixed foreign exchange rate basis so that sales from one year to the next can be measured without any effect from exchange gains or losses. This growth rate in sales has continued to improve from late last year through to the current month and is directly attributable to the professional processes employed by the team in handling new leads.
A new trend has emerged when recent sales have been analysed. There has been a notable shift in perception by our users and those that have made use of our Open Source solution in the past are starting to understand that to gain full security protection, they need to upgrade to our full function Enterprise software solutions. These upgrades are expected to provide an ongoing increased stream of new licences that will support the sales growth rate being achieved to date.
The sales pipeline for the month of June is the best that it has ever been and this heralds the opportunity for a record sales total for the month of June and the full year. The indications are that the growth will continue through June and provide a record growth result for the full year.
Our Denver sales office has continued to expand to handle this growth and additional resources join us there in early June to help us manage this growth.
Snare Sales Up 106%
Prophecy has maintained its recent growth in SNARE new sales, with YTD growth sitting at 106% as at the end of May comparison. This shows a continuation of the excellent progress in new sales achievement in this financial year as previously reported.
Dell Global Agreement Signed
Prophecy subsidiary, Intersect Alliance International Pty Ltd has completed a Global Third Party Supplier Agreement with Dell Inc and SecureWorks. This agreement enables Dell, through its subsidiaries, to purchase SNARE Enterprise software solutions and resell such software to Dell customers on a worldwide basis.
