Framework Technologies Continues Steady Growth with Successful Q2 2003

Q2 2003 Revenues Represent Over 30% Increase As Compared To Q2 2002

BURLINGTON, Mass., June 3 /PRNewswire/ -- Framework Technologies, the leader in Project Execution Decision Support solutions, today announced that its second fiscal quarter of 2003, ending on March 31, 2003, demonstrated a revenue increase of over 30% as compared to the same period last year, making the first half of FY2003 the most successful in the company's history. In addition to continued sales growth, Framework achieved the lowest expenditures in almost four years and witnessed a 46% decrease in the cash burn rate compared to the same period last year.

"Given the economic environment, we are especially proud of our Q2 results including sales, operational expenditures, cashburn and cash remaining. Framework's continued growth results from helping existing and new customers address additional challenges and real, critical pain points with an expanded, cost effective and easy-to-use solution," said Donald Tomkinson, president and CEO of Framework Technologies. "As we look ahead, we're confident that recently announced offerings will satisfy existing customers and attract new customers through the solution's ability to help companies better select and manage projects. The expanded solution suite is now comprised of 8 modules, compared to 2 modules just a year ago, and will be a key factor in helping us to accelerate sales."

Framework's growth during Q2 was achieved through a virtually even split between new customer acquisitions and major expansions with existing customers. The company saw growth in both its manufacturing segments, particularly automotive and pharmaceutical, and its architecture/engineering/construction (AEC) segment. This growth was fueled by Framework's customer-centric approach, which permeates all company and team activities, and ensures that Framework is carefully attuned to customers' key concerns.

During Q2, Framework announced its Project Execution Template suite, a series of templates with content specific to various industries such as those involving consumer products, industrial products, tier one and tier two automotive suppliers, pharmaceutical and architecture/engineering/construction (AEC). By offering industry-specific content, the Templates enable customers to accelerate solution deployment and expand adoption with a proven solution. The Templates feature an online workspace structure with customized tabs, icons and terminology for each market that synchronizes cross-functional teams and guides them during process and project execution.

In other developments during Q2, Framework announced the establishment of Customer Advisory Councils for its manufacturing and AEC customers. The councils will help Framework synchronize its solution strategy with customers' key business objectives and challenges. The company also announced a partnership with Integral, Inc., the management consulting subsidiary of Analysis Group, Inc. Through this partnership, Framework will provide advanced portfolio planning analytics to customers from Integral's extensive work in planning companies' product portfolios. In turn, Integral will use Framework's ActivePortfolio(TM) portfolio management software to quickly and easily automate analysis activities during consulting engagements so consultants can focus more time on counseling clients.

About Framework Technologies

Framework Technologies is a leader in project execution decision support software, helping companies in the manufacturing and architecture, engineering and construction (AEC) markets focus on the key projects paramount to achieving growth objectives. ActiveProduct(TM), Framework's solution for the manufacturing industry, focuses on the early phase of the product lifecycle, from ideation to market introduction, and helps Fortune 1000 manufacturers like Moen, INTERMET, Borg Warner and Timex introduce the right products at the right time and at the right cost. Framework's offering for the AEC industry, ActiveAEC(TM), is a powerful solution that allows companies such as Best Buy, KeySpan Services, MACTEC and Modern Continental to successfully manage AEC projects that will drive improved operational efficiency and company profitability. For further details please visit http://www.frametech.com/.

  Press Contacts:
   Rachael Diana                      Kevin O'Leary
   Greenough Communications           Framework Technologies
   (617) 275-6549                     (781) 270-6554
   
Email Contact            
Email Contact

CONTACT: Rachael Diana of Greenough Communications, +1-617-275-6549,
Email Contact; or Kevin O'Leary of Framework Technologies,
+1-781-270-6554, Email Contact

Web site: http://www.frametech.com/




Review Article Be the first to review this article
SolidCAM: Program your CNCs directly inside your existing CAD system.


Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Siemens Goes ECAD With Mentor Graphics Acquisition
Jobs
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Senior Structural Engineer for Design Everest at San Francisco, CA
Upcoming Events
Design & Manufacturing, Feb 7 - 9, 2017 Anaheim Convention Center, Anaheim, CA at Anaheim Convention Center Anaheim CA - Feb 7 - 9, 2017
Innorobo 2017 at Docks de Paris Paris France - May 16 - 18, 2017
Display Week 2017 at Los Angeles Convention Center 1201 S Figueroa St Los Angeles CA - May 21 - 26, 2017



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise