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Cloud Computing  Jan 29  Comment 
Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced a partnership with Excel Technology Holdings Limited ("Excel," HKSE stock code: 8048), one of the largest independent software and consulting...




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Excel Technology, Inc. (NASDAQ: XLTC) designs, develops, manufactures and markets laser systems and electro-optical components for research and industry. The word is an acronym for "Light Amplification by Stimulated Emission of Radiation." The essence of the laser is the ability of a photon (light energy) to stimulate the emission of other photons, each having the same wavelength (color) and direction of travel. The laser beam is so concentrated and powerful that it can produce power densities millions of times more intense than that found on the surface of the sun and is capable of cutting, welding and marking metals, yet it can be precisely controlled and directed and is capable of performing delicate surgery on humans.[1]

Key Financials

  • 2006 Sales of $154 million, up from $137 million in 2005
  • 2006 Net Income of $14 million, down from $15 million in 2005

Geographic Segments (2006)

United States: $116 million
Europe: $28 million
Asia: $8 million

Image:XLTC.bmp

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Recent Developments

In 2006, the company experienced record revenues and net income, excluding pre-tax merger related expenses of $5 million. The performance was somewhat overshadowed and mitigated by a merger that was pending throughout the majority of the fiscal year and was finally terminated in October.[2]

References
1. Company website: http://www.exceltechinc.com/corporate/profile.asp
2. 2006 Annual report, p. 6-11
3. Annual report, p.1

References

  1. XLTC
  2. XLTC
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