Recently-quoted data warehouser Red Brick Systems Inc’s $6.5m first quarter revenue was up 54% on the same period last year. License fees grew 72% and services revenue 7%. New accounts represented 45% of revenue; an average sale was $260,000. Indirect revenue is at less than 10% – all Unisys Corp resale business – the AT&T Corp relationship accounted for nil. Red Brick reckons it has beaten Oracle at 16 of its last 18 prospects. The company now has 24 direct sales staff out of 159 employees. Version 5.0 of Red Brick Warehouse goes into beta test next month and will ship next quarter.
