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OpenLink Corporate Headquarters - Long Island, New York Office

1502 RXR Plaza 15th Floor - West Tower
Uniondale
NY
US

OpenLink, Houston Office

909 Fannin, Suite 1200
Houston
TX
US

OpenLink, London Office

5 Aldermanbury Square London
London
GB

OpenLink, Berlin Office

Friedrichstrasse 200, Quartier 106
Berlin
DE

OpenLink, New York City Office

1370 6th Avenue of the Americas, Suite 901
New York
NY
US

OpenLink, Sydney Office

Level 11, 28 Hunter Street
Sydney
AU

OpenLink, Sáo Paulo Office

Alameda Santos 2441 2nd Floor
Sáo Paulo
BR

OpenLink, Vienna Office

Wienerbergstraβe 31-39
Wien
AT

OpenLink, Singapore Office

6 Temasek Boulevard #27-03A Suntec Tower 4
Singapore
SG

OpenLink, Tulsa Office

320 South Boston Avenue, Suite 600
Tulsa
OK
US

OpenLink, Toronto Office

133 Manitou Drive
Kitchener
CA

OpenLink, Bangalore Office

The Millenia, Tower A, Level 7, #1 & 2 Murphy Road, Ulsoor, Bangalore 560008, Karnataka State, India
Bangalore
IN

OpenLink, Mexico City Office

Paseo de la Reforma 265, 16th Floor
Mexico City
D.F.,
MX

New York, NY Head Office

1345 Avenue of the Americas
New York
NY
US

London Office

30 St Mary Axe
London
GB

Telephone

212-901-9750

Contact

Jiro Okochi
[email protected]
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OpenLink Announces 2001 Second Quarter Results and Profits

MITCHEL FIELD, NY, August 23, 2001. OpenLink, (www.olf.com), an industry leader in energy and financial trading and risk management software solutions, continued its track record of growth during the second quarter of 2001, surpassing revenue and licensing figures set during the comparable period of
fiscal year 2000. For the three months ended June 30, 2001, OpenLink’s total revenue increased 100% to $12.6 million compared to the same quarter 2000. Software revenue increased 86% to $8.1 million versus the previous year’s respective timeframe.

Total revenue for the first six months of 2001 was $21.3 million, an 83% increase over the previous year’s historical highs, while pre-tax profits of $3.5 million were recorded. "While these figures put us on track to exceed our estimated revenue and profit targets for 2001, it is important to highlight that we continue to make significant investments in our products and services,
ensuring our leadership position," said Coleman Fung, OpenLink’s founder and CEO. Worldwide staff numbers reached 227 by the end of June 2001, representing a 73% increase from last year’s second quarter close. Development and quality assurance staffs were increased by a total of 54%, while client support and services staffs more than doubled. "We remain bullish on our outlook for the third and fourth quarter of 2001 as our revenue backlog has achieved a record high and prospects for new license sales remain strong. In addition, many of our
existing clients continue to extend their use of our solutions by adding users and increasing instrument coverage," added Kevin Hesselbirg, OpenLink’s COO. "We are definitely poised and positioned for our next phase of growth."