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Technology / AI and automation

Spinnaker Support Q2 revenue up 30.7%

Spinnaker Support has outperformed expectations after reporting a rise in second-quarter revenues.

The SAP provider and consultancy, which launched SAP services 14 months ago, said revenue increased by 30.7% for the quarter ending in June, compared to the same quarter last year.

Sales bookings grew over 62%, while revenue trailing twelve months was up 24.9%.

Spinnaker said much of the growth was driven by new deals across product and service lines, especially in the area of third-party maintenance services for SAP and JD Edwards applications.

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Matt Stava, Managing Principal at Spinnaker Support, said that growth from sales bookings had outperformed initial projections

"We believe this is reflective of our strategy to aggressively educate the market on the benefits of third-party maintenance, expand in key geographies, and enhance our infrastructure," he added.

The company, recently launched a Siebel maintenance and co-sourcing practice, said it had won new contracts for SAP and JD Edwards.

This article is from the CBROnline archive: some formatting and images may not be present.