Super Nav

Exa Reports Second Quarter Fiscal 2017 Financial Results

License Revenue Increases 14%, Operating Leverage Continues to Improve

"Second quarter revenue was within our guidance range, reflecting the predictability of our licensing model. In addition, profitability exceeded our guidance range as we continue to realize the leverage in our operating model," said Stephen Remondi, President and Chief Executive Officer of Exa. "We believe that our focus on license revenue, as we continue the conversion of project-based customers to ExaCLOUD-based recurring license customers, will drive stronger year-over-year revenue growth in the second half of the year. As such, we remain confident that we will deliver continued growth in both revenue and profitability in fiscal 2017, further strengthening our leadership position in the market."