There’s no holding back Documentum Inc, which chalked up its fourteenth consecutive profitable quarter in a row yesterday in a market where many of its competitors are struggling. Revenues for the company’s fourth quarter were up 64% to $23.6m, with net income up 61% to $2.8m. Figures for the full year were equally impressive, with revenues were up 67% $75.6m, 67% up on last year’s $45.3m, generating net income of $7.4m, up from $4.5m last year. Earnings per share for the year made $0.49, slightly above analysts predictions. Documentum founded in 1990, realized earlier than its competitors that a vertical market approach was the way to sell document management software, and it began in the pharmaceutical and process control industries, later broadening out to discrete manufacturing and financial services. Its next focus will be the engineering industry, and to that end the company acquired Workgroup Management Inc, one of its vertical market partners, last October (CI No 3,270), It’s also been adding internet and intranet capabilities to its software. The Pleasanton, California based company has had no trouble outshining competitors such as Filenet Corp and PC Docs Group International Inc. PC Docs was also due to report yesterday, but the earnings announcement was delayed until January 29, due to the company’s acquisition of Fulcum Technologies Inc earlier this year (CI No 3,317).
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