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Lombardi Update

Blog: Method & Style (Bruce Silver)

Yesterday Lombardi updated the analysts with their 1H08 results. They are saying 85% license revenue growth (vs 1H07), 50% total revenue growth, and sales bookings “close to triple” last year, 20% ahead of plan for the year. They added 30 new customers, with growth especially strong in Europe. Average selling price – the make-or-break metric for any software company with direct sales – is up 20%, and CEO Rod Favaron said these factors in combination allowed Lombardi to “

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