Chelmsford, Mass. Oct. 25, 2000 Collaboration may or may not be the future of online supply chain management, but it is certainly proving profitable for at least one solution provider in this increasingly crowded field, MatrixOne.
MatrixOne, a provider of technology infrastructure for collaborative commerce, on Wednesday announced a profit of $0.5 million, or $0.01 per share, for the quarter that ended Sept. 30.
The company saw total revenues for its fiscal first quarter increase 106 percent, to a record $28.5 million, compared to $13.9 million in the same period last year. The profit for the quarter compared to a net loss of $1.4 million, or $0.04 per share on a pro forma basis, in the same period last year.
I am extremely pleased with the companys exciting growth and financial performance in the first quarter, said Mark OConnell, MatrixOne president and CEO.
MatrixOnes products, including its flagship eMatrix Intelligent Collaborative Commerce solution, provide an infrastructure for establishing B2B collaboration among customers, suppliers and other business partners, while also enabling standards-based access to independent trading communities and applications hosted by industry service providers.
MatrixOne's current customers include General Electric, John Deere, Procter & Gamble, Nokia, Toshiba, Philips, Siemens, Alcatel, JDS Uniphase and Honda. Headquartered in Chelmsford, Mass., MatrixOne maintains offices in North America, Europe and Asia.