May 04, 2007 – (HOSTSEARCH.COM) – SWsoft (http://www.swsoft.com) has announced that it has achieved revenue growth of more than 140 percent over the first quarter of 2006, surpassing the rate of 134 percent for all of 2006.
The company's virtualization revenue grew by more than 600 percent during Q1 2007 as compared to Q1 2006. The company also continues to enjoy strong quarter-to-quarter sequential growth. Virtualization products now account for a larger portion of SWsoft revenues with virtualization software growth a reflection of accelerating industry demand. SWsoft estimates that more than 50 of the top Fortune 500 companies now use Virtuozzo software. Current customers include arvato mobile, Association of American Medical Colleges, Cox Communications and Murphy Oil Corporation.
The company's virtualization products include Virtuozzo, which provides operating system server virtualization, as well as desktop virtual machine software from Parallels. The company plans to introduce a server version of its Parallels product in 2007. SWsoft also develops and markets a complete set of automation products with rapidly-growing sales on the Microsoft Windows platform.
"We are pleased that the momentum of 2006 has carried over into the first part of the new year, and in fact, accelerated our revenues, which are in the tens of millions," said Serguei Beloussov, CEO of SWsoft. "We view these results as recognition of our innovative solutions as well as acceptance of SWsoft as a growing leader in each of our three core markets. SWsoft is committed to extending its product line to help consumers, hosters and corporate customers get the most out of virtualization and automation."
