Strong first quarter performance from Power Analytics
Software revenue up 21 per cent year-on-year
San Diego, Calif., May 9, 2013 – Power Analytics Corporation, the leader in enterprise power management software solutions, today announced summary results for the first quarter of fiscal year 2013. Software revenue was up 21% year-over-year, while EBITDA rose an impressive 28% during the same period. Bookings per license, a key metric for the business, climbed 41% versus the prior year. Power Analytics also surpassed the $120B mark in assets under management during the first quarter.
“Power Analytics’ first quarter results demonstrate the strength and value of our business model,” said Michael J. Nark, Power Analytics’ president and chief executive officer. “Our focus on driving customer value throughout the power management lifecycle versus a single point approach is beginning to pay dividends. Power Analytics is succeeding by providing a software solution that supports our customers through every step of the power management lifecycle, from design to model to simulate to analyze to optimize – we are with them every step of the way.”
Additional first quarter achievements include being named Product of the Year by Electrical Construction & Maintenance (EC&M) Magazine and the award of our 32nd patent from the United States Patent Trademark Office for a system for making real-time predictions about power usage efficiency (PUE) and/or data center infrastructure efficiency (DCiE). This patent follows Power Analytics’ grant of six patents awarded late last year in and around real-time power management simulation and modeling.
Other first quarter 2013 highlights include:
- 53% increase in bookings quarter-over-quarter
- 19% increase in recurring revenue quarter-over-quarter
- 20% increase in gross margins quarter-over-quarter
- Added 24 new Enterprise Paladin® licenses
- Added seven new business partners, four international
About Power Analytics Corporation
Used by the power industry for more than 25 years, Power Analytics’ software solutions have surged to the forefront of the electrical system planning, operation and smart grid market space for use in energy-intensive, mission-critical facilities and microgrids. Paladin® products currently protect more than $120 billion in customer assets including financial data centers, air traffic control sites, military installations, deep sea oil platforms, and power generation and distribution facilities. The company is headquartered in San Diego, Calif., and has a smart grid center of excellence in Raleigh, N.C.
Power Analytics’ Paladin Software gives energy management and electrical engineering professionals control over their critical power infrastructures from design and modeling to simulation and analysis, saving hundreds of thousands of dollars, minimizing downtime, recovering stranded load capacity, reducing energy costs and optimizing business continuity.