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Jenzabar Posts Record Second Quarter
Earnings Results
CAMBRIDGE, MA-August 4, 2003- Jenzabar, Inc., a leader in software
solutions for higher education, today announced record second quarter
earnings for 2003. The company posted a 26% sequential growth in
total revenues and a 44% increase in total revenues over the second
quarter of 2002.
"In what has been a trying time economically for many companies,
Jenzabar has produced back-to-back record setting quarters to start
off 2003, and the Company's leadership position in the industry
has been further validated," according to Bob Maginn, Jenzabar's
chairman and CEO. "As our industry-leading growth rate confirms,
no software company specializing in higher education software solutions
is winning more business or continuing to take market share like
Jenzabar," added Maginn. "The bottom line is that more
and more colleges and universities are choosing Jenzabar for our
outstanding software solutions. In a little over eight months since
we launched the Jenzabar Internet Campus Solution™ (JICS),
over 60 customers have adopted our new JICS. This is a loud and
clear validation that our i3 strategy of Intelligent,
Integrated and Internet meets the ever changing needs of colleges
and universities like none other."
In addition to a 44% increase in total revenues over the same quarter
last year, continued top-line growth and business efficiencies produced
a 133% increase in operating earnings (EBITDA).
"Jenzabar delivered positive results across the board in the
second quarter," said Maginn. "2002 was a break out year
for Jenzabar and 2003 is shaping up to be the most successful in
the history of our Company. We plan to continue this record pace
of growth and expansion."
About Jenzabar, Inc.
By improving the exchange of information through powerful business
intelligence applications and services, Jenzabar's Internet enterprise
software, e-learning solutions and services deliver a competitive
edge to higher education institutions. Dedicated to supporting and
enhancing the educational community, Jenzabar's business units serve
700 higher education institutions worldwide, including students,
professors and administrators from private liberal arts, medical,
law, state and community colleges. Institutions employing Jenzabar
solutions include Bay de Noc Community College, Berry College, Bluffton
College, The Claremont Colleges, Colby College, Daytona Beach Community
College, Governors State University, Harvard Medical School and
William Mitchell College of Law.
Jenzabar's offerings include Web-based enterprise software with
student, institutional advancement, human resources and financial
applications; e-learning solutions; and a higher education enterprise
information portal (EIP). Founded in 1998, Jenzabar is headquartered
in Cambridge, Massachusetts with regional offices across the United
States. For more information, please visit www.jenzabar.net
or call Alec Ott at (513) 956-3304.
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Jenzabar Internet Campus Solution and i3
are trademarks of Jenzabar, Inc.
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