Lilly Software Stays Financially Strong and Competitively Successful in 2001
12 February 2002, Hampton, NH (USA) — As Lilly Software Associates closes on another fiscal year, it attributes its market leadership and the company's continuing financial strength to its ability to produce user-friendly, innovative enterprise and supply chain products and on its effective associate business model.
As a privately-held company, Lilly Software is focused on its long-term financial performance and maintains an exclusive associate sales and service distribution network. With this independent associate organization, Lilly is able to dedicate over 500 people to the company's suite of products while directly employing nearly 200 people at the corporate level. Compared to many other software vendors, Lilly Software displays strategic financial advantages and remarkable business achievements. Keeping a lean operating cost structure and employing knowledgeable, committed long-term employees has helped the company's licenses and maintenance revenues grow to over 40 million dollars, and has expanded its customer base to more than 3000 customers since its inception in June 1992.
"Unlike many other software companies, Lilly has not only defied this economic downturn by maintaining positive revenue growth, but it also turned a solid profit for the year ending 2001," says Gregory C. Gorbach, Director of e-Manufacturing at ARC Advisory Group, a strategic corporate planning company headquartered in Dedham, Massachusetts.
Lilly Software has a strong, conservative balance sheet with no long-term debt. It focuses its internally-funded operations on increasing the depth and breadth of its integrated core product line, VISUAL Enterprise. Lilly's base of deferred service revenues increases each year, reflecting new software growth, market diversification, and highly favorable maintenance renewal rates from its installed customer base worldwide.
Lilly's positive cash flow and profitability reflect the company's excellent management capabilities and expertise. The company continually invests in product development in order to provide its customers with the resources they need to streamline their operations and improve deliveries and service. Industry analysts such as AMR Research, as well as leading trade publications such as Start, MSI, and Software Magazine, consistently recognize and award Lilly Software for its strength and accomplishments.
About Lilly Software Associates
Lilly Software Associates, Inc. provides a complete line of enterprise and
supply chain solutions for manufacturers and distributors. The VISUAL
Enterprise™ suite of products helps companies capture and analyze real-time data
about all their business processes using ERP, Project Management, Business
Performance Management, Quality Management, Customer Relationship Management,
and Warehouse Management System capabilities. From award-winning software to
strategies in Lean Manufacturing and TOC, Lilly Software offers companies the
tools they need for higher productivity and profitability.
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Most VISUAL® applications run on Windows® 98, Windows NT,
Windows 2000, Windows XP, UNIX®, LINUX, Novell®, using
SQLBase®, Microsoft SQL Server®, or ORACLE®
Lilly Software has received many industry awards for its products, service, and
financial growth since its inception. Most recently, the company has been voted
one of the Top 10 Best of Breed solutions for manufacturing by readers of
Consumer Goods Technology, listed in
Software Magazine's Top 500,
selected as a Top 100 Logistics Information Technology Provider in
Inbound Logistics, listed in the Top
100 Application Vendors in Supply Chain
e-Business, included in MSI's
Top 100 for its eighth year, and ranked as one of
Start magazine's Hottest Companies.