Deltek announces year-end total revenue exceeding $225M, a 50+% increase from 2005

Deltek, provider of enterprise management software for project-focused organisations, has announced total unaudited revenue exceeding $225 million for its fiscal year ending 31 December 2006, an increase in excess of 50 percent over the previous year. License revenue increased approximately 70 percent over the prior year. Revenues from professional services and maintenance were also significantly higher on a comparative basis.

This is the third consecutive year that Deltek's growth has exceeded 20 percent. Deltek's 2005 total revenue was $152 million, a 25 percent increase over 2004.

"Deltek remains focused on expanding the depth of our product portfolio and our reach in project-focused vertical markets, as well as increasing our presence internationally," said Kevin Parker, president and CEO of Deltek. "Our growth is a clear indication of our progress and dedicated commitment to more than 11,000 project-focused organisations worldwide."