iBASEt Reports Record Software Revenue Growth, Profitability for Full Fiscal Year 2021
- Launch of Cloud-based managed services drive new customer additions
- 32 percent increase in year-over-year software revenue
- 19 percent increase in gross margin
- 2X increase in operating cashflow
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FOOTHILL RANCH, Calif., June 3, 2021 /PRNewswire/ iBASEt, the company that simplifies how complex products are built and maintained, today announced the completion of a successful fiscal 2021, as validated by strong software revenue and gross margin gains. Business growth was driven by new customer additions and a quick pivot to a remote business model, in response to the COVID-19 disruption. The company s focus on the growing demand to simplify the digital transformation of manufacturing, quality, and sustainment operations played a significant role in the success achieved over the past 12 months.