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Exa Reports Second Quarter Fiscal 2015 Financial Results

Exa® Corporation (Nasdaq:EXA), a global innovator of fluids simulation solutions for product engineering, today announced financial results for the second quarter of fiscal 2015, which ended July 31, 2014.

"We reported a strong second quarter, with revenue growth increasing 17% year over year," said Stephen Remondi, President and Chief Executive Officer of Exa. "Our investment strategy is delivering positive results, as reflected in revenue and profitability that were both at the top end of guidance. Most importantly, we saw license revenue growth accelerate to 15%, demonstrating our ability to convert project activity to license subscriptions. As a result of our second quarter performance and business momentum, we are increasing the low end of our revenue guidance for the full year."