When you look at the news these days, it's hard not get depressed about the economy. I've found myself talking lots of friends "off the ledge" lately trying to tell them that just because it's on CNN, it doesn't necessarily mean it's part of your reality. Of course, I understand that there is a huge economic downturn and it's affecting a lot of people and a lot of companies, but that doesn't mean it's affecting everyone. So as part of what I hope will be a regular feature at FierceContentManagement, I want to look at a company that's doing well in the midst of this winter's bleak economic back drop.
This week's featured company is FatWire, a company that didn't just do well last year, it verily blew the doors off its 2007 results with 40 percent year over year growth. FatWire achieved this in a number of ways including "...a 30 percent increase in worldwide license revenue and over 60 percent growth in worldwide professional services revenue from 2007" among other revenue sources. It reports it also added over 50 new customers in 2008 from around the world.
As you would expect, FatWire CEO Yogesh Gupta is justifiably proud of these results. “These outstanding results reflect the market’s acceptance of our vision and our focus on delivering high quality products, positive customer experiences, and increased efficiencies," Gupta said. Congratulations to FatWire. They are a bright light on a dim economic landscape, but they aren't alone and we will look at other companies doing well in a down market in the coming weeks.
For more information:
- see the FatWire press release [1]
Related Articles:
FatWire news from FierceContentManagement [2]
Links:
[1] http://www.fiercecio.com/press-releases/fatwire-reports-40-increase-2008-revenue
[2] http://www.fiercecontentmanagement.com/tags/fatwire