Prophix Exceeds Revenue Targets and Acquires New Cloud Customers in Second Quarter

July 27, 2017

Prophix Software, a global leader in Corporate Performance Management (CPM) software, released its second quarter business summary for the period from April 1, 2017, to June 30, 2017. June also marked the end of the first half of 2017, which allowed for a reflection on the year’s targets. The second quarter included a steady adoption of Prophix Cloud and strong revenue growth.

Second Quarter and First Half, 2017 Highlights

101% of revenue target achieved in first half of 2017
100 new customers and 20 Cloud customers
Strong growth in customer retention, on target at above 90%
Continued staff growth with addition of 26 new employees
Prophix named “Overall Industry Leader” in the 2017 Wisdom of Crowds Enterprise Planning Market Study® by Dresner Advisory Services
Branham300 names Prophix one of “Canada’s Top Tech Companies”
SYSPRO, a global provider of industry-built ERP software, and Prophix form a global strategic partnership
Prophix recognized for the second year in a row as an outstanding private-sector employer by Canada’s Top Small & Medium Employers
Prophix receives high marks in BPM Partners Annual Survey of CPM Vendors, making the largest improvement year over year against other vendors

“We’re happy with our progress through the second quarter of 2017,” said Paul Barber, Prophix CEO. “We look forward welcoming more customers to the Prophix Cloud.”