Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Acceleware Reports Third Quarter Results for Fiscal 2012

CALGARY, ALBERTA -- (Marketwire) -- 11/22/12 -- Acceleware® Ltd. ("Acceleware" or the "Company") (TSX VENTURE:AXE), a leading developer of high performance computing applications, today announced results for the three and nine months ended September 30, 2012 (all figures are in Canadian dollars unless otherwise noted).

During the third quarter of 2012, Acceleware showed robust growth in consulting revenue, particularly from oil and gas customers. Despite the increased consulting revenue, overall revenue decreased 2% for the three months ended September 30, 2012 ("Q3, 2012"), compared to Q3, 2011 due to a decrease in product revenue. Revenue increased 2% from Q2, 2012 as a result of the consulting revenue increase and increased maintenance revenue. During Q3, 2012 the Company recognized revenue of $743,161 compared to the $761,937 recognized during Q3, 2011, and compared to $732,068 recognized in Q2, 2012.

Revenue for the nine months ended September 30, 2012 decreased 6% to $1,899,766 from $2,015,195 during the nine months ended September 30, 2011 due to decreased software product revenue and decreased maintenance revenue.

"Acceleware saw healthy growth in consulting revenue from oil and gas customers in the third quarter of 2012," said Geoff Clark, President and CEO of Acceleware Ltd. "In addition, we continue to develop and enhance our state-of-the-art seismic product suite to meet the oil and gas market's imaging needs. Acceleware's current seismic product roadmap focuses on Reverse Time Migration enhancements and derivative products such as elastic forward modeling and full waveform inversion."

During the three months ended September 30, 2012, Acceleware's total comprehensive loss was $145,134 compared to total comprehensive income of $32,801 for the three months ended September 30, 2011. The increase in comprehensive loss is due to lower revenue, increased cost of revenue and general and administrative expense. Comprehensive loss was $56,253 for Q2, 2012. The increase in comprehensive loss in Q3, 2012 compared to Q2, 2012 was due to higher cost of revenue and research and development expense. Loss before income tax increased 77% to $590,911 for the nine months ended September 30, 2012 compared to a loss before income tax of $333,872 for the nine months ended September 30, 2011. The increase is a result of reduced revenue and increased general and administrative expense, partially offset by reduced research and development expense and a gain on sale of assets. Total comprehensive loss was $590,911 for the nine months ended September 30, 2012, compared to total comprehensive income of $583,324 for the nine months ended September 30, 2011. The decrease in comprehensive income is due to an income tax recovery recorded in the nine months ended September 30, 2011.

Additional information, including the condensed interim unaudited financial statements for the three months ended September 30, 2012 and management's discussion and analysis relating thereto, and the annual audited financial statements for the year ended December 31, 2011 and management's discussion and analysis relating thereto are available on SEDAR at www.sedar.com.

About Acceleware:

Acceleware develops and markets high performance computing (HPC) software solutions for the engineering and energy industries. These solutions allow customers to speed-up simulation and data processing algorithms, benefitting from HPC technologies such as multi-core CPUs and massively parallel many-core GPUs. Acceleware software, specialized HPC training and consulting services are deployed by companies worldwide such as Boston Scientific, Samsung, LG, General Mills, Nokia, RIM, Medtronic, Hitachi, FDA, Mitsubishi, Sony Ericsson, Fugro, MicroSeismic and Rock Solid Images to speed up product design, analyze data and make better business decisions.

Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Acceleware Ltd.
Geoff Clark
+1 (403) 249-9099
geoff.clark@acceleware.com

Acceleware Ltd.
435 10th Avenue SE
Calgary, AB, T2G 0W3
Canada
+1 (403) 249-9099
www.acceleware.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communic...
There is no question that the cloud is where businesses want to host data. Until recently hypervisor virtualization was the most widely used method in cloud computing. Recently virtual containers have been gaining in popularity, and for good reason. In the debate between virtual ...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT or...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE