ESI reports Q2 flat with last year

ESI Group yesterday reported preliminary results for the quarter ended July 31 that echoed the business conditions seen by others in the PLM universe: companies need the innovation solutions PLM supplies, but are having a hard time signing up right now. Repeatable revenue remains high, at 80% of total license revenue.

The company reports that license revenue came to EU 9.6 million (down 9% from a year ago), services and other revenue was EU 5 million (up 27%) for total revenue of EU 14.8 million, up 1%.

ESI did not make any future-looking statements in its press release, but did indicate that decision and sales cycles were lengthening.