114 lines
4.3 KiB
Plaintext
114 lines
4.3 KiB
Plaintext
Message-ID: <26728351.1075855498655.JavaMail.evans@thyme>
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Date: Thu, 3 May 2001 09:52:00 -0700 (PDT)
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From: news@prosrm.com
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To: fermis@ect.enron.com
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Subject: PROS announces a record quarter
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Content-Type: text/plain; charset=ANSI_X3.4-1968
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X-From: "PROS Revenue Management" <news@prosrm.com>
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X-To: fermis@ect.enron.com
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X-Folder: \Frank_Ermis_Jun2001\Notes Folders\Notes inbox
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PROS Revenue Management Announces Record Quarter
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Q1 shows moves and advances
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May 3, 2001--Houston-- PROS Revenue Management, the world=01,s leader in re=
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venue=20
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management science and software products, and the pioneer and dominant=20
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provider of revenue management to the airline and energy industries, today=
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=20
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announced yet another record quarter.
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PROS=01, record revenue for the first quarter of 2001 was $8.7 million, a 5=
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6%=20
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increase over revenue for the same quarter last year. Additionally, this=
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=20
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quarter continues to show strong profitability and positive cash flow,=20
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enhancing PROS=01, strong, debt-free balance sheet. This follows record an=
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nual=20
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revenues, positive cash flow, and profits in 2000.
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PROS (Pricing Revenue Optimization Solutions) has grown in more than just i=
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ts=20
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revenues and profits. Employment has increased 11% in the quarter and is=
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=20
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projected to increase 25% by the midpoint of this year, continuing PROS=01,=
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=20
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rapid employee growth rate of 28% in 2000.
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"We are very pleased with the first quarter results, as they represent=20
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continuing client confidence in our high value solutions," says Bert=20
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Winemiller, Chairman and CEO of PROS Revenue Management. "During the first=
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=20
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quarter, we also announced the successful implementation of the PROS=20
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Enterprise Revenue Management Platform. PROS Platform uses world leading=
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science, forecasting and optimization to generate revenue and profits for=
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=20
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PROS=01, clients worldwide. The PROS Platform is high performance, distrib=
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uted=20
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computing, using parallelized, highly scalable technology. This architectu=
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re=20
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will support the high performance, high availability, real time, mission=20
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critical applications of our clients. PROS=01, advanced architecture suppo=
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rts=20
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data intensive and calculation intensive, science based enterprise solution=
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s."
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Highlights of the first quarter of 2001 also include PROS=01, move of its=
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corporate headquarters to the ComTech Center in midtown Houston. On April=
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30, PROS began occupying 73,000 sq ft of newly refurbished office space. =
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This state-of-the art facility will assist in the support of PROS=01, expan=
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sion=20
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both internally and into other industries.
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PROS Revenue Management is the world=01,s leader in pricing and revenue=20
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optimization solutions and the pioneer and dominant provider of revenue=20
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management to the airline industry. PROS provides system solutions to the=
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airline, cargo, rail, energy, healthcare and broadcast industries, and has=
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delivered over 200 systems to more than 80 clients in 37 countries. PROS=01=
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,=20
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clients include 17 of the top 25 carriers in the airline industry.
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The PROS mission is to maximize the revenue of each client using PROS=01,=
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world-leading revenue management science, systems solutions, and best=20
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practices business consulting. PROS=01, clients report annual incremental=
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revenue increases of 6-8% as a result of revenue management. PROS=01, solut=
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ions=20
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forecast demand, optimize inventory, and provide dynamic pricing to maximiz=
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e=20
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revenue.
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Founded in 1985 in Houston, PROS Revenue Management has a six-year compound=
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ed=20
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revenue growth of 40%, in large part due to the intellectual capital of its=
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staff. Nearly half of PROS=01, professional staff has advanced degrees and =
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the=20
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staff speaks a cumulative total of 26 languages. The company is profitable=
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with Year 2000 revenue of $29 million. For more information on PROS Revenue=
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Management, please visit www.prosRM.com or call 713-335-5253.
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Contact:
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Candy Haase - VP Marketing
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713-335-5253
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chaase@prosRM.com
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If you no longer wish to receive information about PROS Revenue Management,=
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=20
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please click on "Reply" and type "Unsubscribe" in the subject line. |