19 November 2002 – SPL WorldGroup, provider of customer management solutions to the global energy, water, waste management, and services industries, reported that the quarter ending September 30 saw a 23 per cent rise in revenue over the same quarter in 2001, from $22.689m to $27.971m.

SPL’s worldwide reputation for outstanding products and services continues to expand,” said SPL President and CEO CD Hobbs. “While market uncertainties have depressed overall utility spending on information technology, our customers recognize the need to provide outstanding customer service. CorDaptix customer management software is an investment that will pay off no matter what the future holds.”

The high-performance quarter follows SPL’s announcement in September that its fiscal year ending June 30 broke all previous records, with revenue exceeding $100m-a 15 per cent growth over the previous year’s results.

Hobbs said he was particularly pleased given the overall state of the industry. “For internal purposes,” he explained, “we benchmark against a group of 131 leading software companies, as evaluated by an independent research firm. Comparing this quarter with the same quarter a year ago, revenue in that group dropped 1.1 per cent; and growth for that same group in the 12 months ending in September was a negative 5.1 per cent.”

Earlier this year, the SPL Board of Directors directed management to change the company’s fiscal year to coincide with the calendar year. As a result, SPL is currently in a 6-month transition period that will end in December. The company will begin its next full fiscal year on January 1, 2003.