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CONTACT INFORMATION
SPL WorldGroup, Inc.
www.splwg.com
(973) 539-6268 (New Jersey)
(415) 541-9462 (San Francisco)
(800) 275-4775
FOR IMMEDIATE RELEASE
SPL Reports Sharp Rise in the Quarter’s
Revenue
MORRISTOWN, NJ, November 18, 2002 - SPL WorldGroup, the
leading provider of customer management solutions to the global
energy, water, waste management, and services industries, reported
that the quarter ending September 30 saw a 23 percent rise in revenue
over the same quarter in 2001, from $22.689 million to $27.971 million.
"SPL's worldwide reputation for outstanding products and
services continues to expand," said SPL President and CEO CD
Hobbs. "While market uncertainties have depressed overall utility
spending on information technology, our customers recognize the
need to provide outstanding customer service. CorDaptix™ customer
management software is an investment that will pay off no matter
what the future holds."
The high-performance quarter follows SPL's announcement in September
that its fiscal year ending June 30 broke all previous records,
with revenue exceeding $100 million—a 15% growth over the previous
year’s results.
Hobbs said he was particularly pleased given the overall state
of the industry. "For internal purposes," he explained,
"we benchmark against a group of 131 leading software companies,
as evaluated by an independent research firm. Comparing this quarter
with the same quarter a year ago, revenue in that group dropped
1.1%; and growth for that same group in the 12 months ending in
September was a negative 5.1%."
Earlier this year, the SPL Board of Directors directed management
to change the company's fiscal year to coincide with the calendar
year. As a result, SPL is currently in a 6-month transition period
that will end in December. The company will begin its next full
fiscal year on January 1, 2003.
About SPL WorldGroup
Established in 1994, SPL WorldGroup is a leading provider of best-of-breed
customer management solutions to the energy and service related
industries in regulated and competitive markets worldwide. With
a 100% record of successful implementations, SPL continues to demonstrate
its place as the market leader in providing flexible and scalable
customer management solutions that evolve with client requirements
and enable unrivaled business responsiveness. SPL has delivered
its customer management products to more than 50 energy, water and
waste management customers worldwide. SPL employs over 600 professionals
in North America, Europe, and Asia Pacific.
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