SugarCRM, last week announced its tenth straight quarter of accelerating sales as the company continues its strong growth trajectory. The company’s recent achievements include a record-breaking Q1 2012 financial performance, a new version of its next generation CRM solution, a growing channel ecosystem that includes a new distribution partner, and new integrated solutions from technology partners.
The announcements are being made at SugarCRM’s sixth annual SugarCon, a customer, user and partner conference being held April 23-26, 2012 at The Palace Hotelin San Francisco, California.
“Our open business model has enabled us to achieve continuous record growth over the last ten quarters, and we are off to a great start in 2012,” said Larry Augustin, SugarCRM’s chief executive officer. “As the demand for CRM solutions increases, SugarCRM is well positioned to continue its rapid growth as an increased number of companies are looking for affordable, flexible CRM solutions that can grow their business.”
During his keynote on Tuesday, April 24th, Clint Oram, CTO and co-founder of SugarCRM, will introduce the new release of Sugar 6.5.
Coming off the heels of closing $33 million in new financing, SugarCRM achieved strong financial performance in the first quarter of 2012. SugarCRM’s billings growth increased by 24 percent over the previous quarter and climbed by 118 percent over the first quarter of 2011.
SugarCRM continues to expand its channel partner ecosystem to meet the increased demand for flexible and affordable CRM solutions. The company added 39 new channel partners globally in Q1 2012 bringing its channel community to more than 400 worldwide.