Real People Delivering Real Software Solutions
Global Software Solutions
Real Business Benefits
Proven Results
Prophecy is more than a software distribution company. We serve as a way to bring products to the world, connecting ideas & information, and creating better software experiences.
At Prophecy, we like to think of ourselves as problem solvers, delivering real business benefits – to the customers who use our software, the companies we buy software from and sell to, and our shareholders. We continue to innovate, long after we’ve developed or acquired our products.
Prophecy’s proven design, development, and sales processes have delivered over 200% growth in sales of our flagship product Snare in the 2015 financial year.
Our Flagship Brands
The Snare suite of security and compliance products range from small footprint, highly effective device and network logging and log-management tools through to advanced IT infrastructure threat protection solutions.
Emite develops advanced real-time analytics and dashboard solutions which can be rapidly deployed into nearly every IT environment.
Record Half Year Revenue
The Prophecy accounts for the Half year ending 31/12/15 have been completed and once again show record results for the half.
These accounts are yet to be fully audited and the final audited half year report will be released later in February.
The completed management accounts show that revenue for the half grew to $8.0 million, a new record result. This represents a growth of 81% compared to the same period last year which also was a record.
New sales invoicing for the SNARE product set was up 120% on the same period last year and this has contributed to the record revenue number. eMite new licence sales for the period grew 45%.
Profit from ordinary activities before income tax and depreciation/amortisation and acquisition costs has come in at $3.1 million, another record result for the half. This is up 55% from the same period last year and is a most pleasing result.
Cash at the end of December 2015 was $5.15 million.
The board will declare a dividend of 2 cents per share payable in April 2016.
Our plan is to continue the aggressive sales growth of the SNARE business along with the eMite business and we expect to see a very good full year result both in revenue and profit from our continued combined sales push.
FY2016 First Half Sales
The FY16 first half has been completed with new sales coming in at $6.15 million. This compares to $1.68 million in the FY15 first half and $5.54 million in the FY15 full year. The FY15 full year new sales number has been beaten as at the FY16 half year mark which is a great overall result for the period.
SNARE new sales for the half have come in at 120% growth compared to the same period last year which in turn showed a growth of 85% from the same period in FY14. The momentum in SNARE sales growth which began in late 2014 has continued to be very strong. In addition, the SNARE new sales pipeline for Q3 already looks very pleasing even though the quarter has only just opened. SNARE new sales to the end of FY16 Q2 are already ahead of the FY15 Q3 YTD sales achieved.
SNARE total invoicing, which includes base business renewals as well as new sales, came in at $4.18 million for the half, showing growth of 88% compared to the same period last year. The SNARE total invoicing growth for the same period a year ago was 41%, so a significant increase has been achieved over the last two years.
eMite new licence sales came in at 45% growth compared to the same period last year. This has been a great result, achieved in parallel with the significant work done to complete the acquisition and integrate the business processes during this period. Again, the eMite new sales pipeline for Q3 looks very strong at this early stage with good numbers expected for this full quarter.
eMite total invoicing, which includes base business renewals as well as new sales, came in at $3.23 million for the half, showing growth of 58% compared to the same period last year.
Total invoicing for the two key business components SNARE and Emite combined came in at $7.4 million which was a combined growth of 74% compared to the same period last year.
The current cash position is at a healthy $6.4 million.
