Monday, February 06, 2012

Psigen Posts strong first-half results

Document capture ISV Psigen recently announced it had 91% revenue growth for the first half of its fiscal year, which ended on Dec. 31. The Irvine, CA-based company credited "a strong domestic market, expansion into Europe and APAC, and a long list of competitive capture replacements," as driving its growth. Also, "The most recent quarter also included several large contract signings for services and OEM deals which will significantly boost revenue through 2012 and beyond."


Psigen's Irvine-based neighbor and competitor, Kofax, is scheduled to announce its Q2 results next week.
Kofax's stock value was up about 10% in the last week- not sure if this means a favorable report is coming or just a sign of overall market conditions. We'll see.

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