Tava posts record second quarter
Staff -- Control Engineering, 3/1/1999
Englewood, Colo. —Thanks in large part to its Y2K product, Tava Technologies Inc. reported a 185% revenue increase Feb. 9 for its second fiscal quarter (2FQ98) ending Dec. 31, 1998. Revenue for 2FQ98 jumped to a record $29.9 million from $10.5 million for 2FQ97.
For the six months ending Dec. 31, 1998, Tava's revenues more than doubled to $49.7 million from $21.8 million for the six months ending Dec. 31, 1997. Tava's 2FQ98 revenues included $4.7 million from product and license fees for its Plant Y2K One offering.
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