Hyperion Continues as 2004 Revenue Leader for Financial and Business Performance Management Analytic Applications
- 14 July, 2005 13:11
<p>Hyperion (Nasdaq: HYSL), was named the revenue leader for financial and Business Performance Management applications, according to IDC. The premier global market intelligence and advisory firm reported that Hyperion leads the space with more than 20.7 percent market share, according to calendar year 2004 software licence and maintenance revenues. Hyperion has more than double the market share of its nearest competitor who trails with only 8.5 percent1, and has been the revenue leader for the Business Performance Management market since 1999.</p>
<p>IDC defines Business Performance Management and financial analytic applications as cross-industry and cross-functional applications whose main purpose is to measure, analyse, and optimise business performance and financial analytic processes. The market for BPM applications actually exceeded IDC’s 2004 forecast by rising to $1.4 billion, and is expected to grow at compound annual growth rate (CAGR) of 11.3 percent through 2009 (growth representing all BPM market segments).
IDC also recognises the bridging of BPM and Business Intelligence strategies as a key growth driver moving forward, given the desire of organisations to realise total performance visibility.
“This report confirms that Hyperion is still the overwhelming preference of customers who demand help driving to the highest levels of performance visibility,” said Fintan Diviney, Director of Channels, Hyperion Australia and New Zealand. “The combination of our market-leading applications and popular management reporting software is a powerful advantage for our customers. And, in combination, they enable true Business Performance Management.”
Recently Hyperion announced that more than 1,000 customers have adopted the Hyperion Planning application to bring benefits of planning, budgeting and rolling forecasts to their organisations. Hyperion Financial Management is also a favourite of enterprise customers.
“Most organisations who are serious about Business Performance Management have Hyperion’s applications on the short list,” said Kathleen Wilhide, IDC research director, Corporate Compliance and Business Performance Management Applications. “Hyperion’s focus on profitability is also a huge driver for the company, as it is a key element of management reporting that is on the agenda of most organisations, and is emerging as a major pillar of Business Performance Management implementations.”
<p>Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 10,000 customers – including 91 of the Fortune 100 – rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading Business Intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the company’s innovative and specialised solutions and services.</p>
<p>Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Santa Clara, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com or www.hyperion.com/contactus.</p>
<p>1 Worldwide Financial and Business Performance Management Analytic Applications 2005-2009 Forecast Update and 2004 Vendor Shares: July 2005</p>
<p>Safe Harbor Statement</p>
<p>Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to Hyperion’s ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. For a more detailed discussion of factors that could affect Hyperion’s performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review Hyperion’s filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on September 13, 2004 and the report on Form 10-Q filed on February 9, 2005. Hyperion does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.</p>
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