Thursday, January 22, 2009
Privately Held NetQOS Reports Results
NetQoS Inc. has once again shared its revenue figures with the rest of the world. The privately backed firm reported Wednesday that its 2008 revenues totaled some $56.3 million, a 26 percent increase from 2007. In late August, NetQoS issued a first-half earnings report, citing six-month earnings of $25.6 million and a 60 percent increase in license revenue growth. Though the Austin-based provider of network performance management products and services stopped short of committing to an IPO date, a company spokesperson admitted that, given NetQoS's obvious desire to go public, it would be in its best interests to "be accountable for its performance as a public company must be." The spokesperson, Vice President of Marketing Steve Harriman, had also said year-end revenues of $60 million were "attainable" given his company's strong performance earlier in the year and an expected stronger showing in Q3 and Q4 2008. According to Wednesday's report, NetQoS has now observed 31 consecutive quarters of year-over-year revenue growth.