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08 November 2012

News - SugarCRM announces Q3 Results

By Ben Turner @ 11:16 :: 1692 Views :: 0 Comments :: Article Rating
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SugarCRM, the market-leading customer relationship management (CRM) company announced that the company continued its growth in Q3 2012, securing 650 new customers around the world and gaining growing momentum in the enterprise market. The company achieved annual recurring revenue growth of more than 45 percent year-over-year and had its 12th consecutive quarter of year-over-year billings growth, with a 23 percent year-over-year increase in the third quarter of 2012.

“Our mid-market business continues to grow apace around the world, and we’re also making great strides in the enterprise space,” said Larry Augustin, CEO of SugarCRM. “As global demand increases for enterprise-wide CRM systems that equip all customer-facing professionals with the insight they need to drive deeper, more relevant customer engagement, SugarCRM is well positioned to carry on its global expansion.”

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