AppDynamics Business Momentum Accelerates in Fiscal Q3 — Annualized Bookings Run-Rate Surpasses $160 Million
Trailing 12-Month Revenue Grew More Than 200 Percent; Trailing 12-Month Bookings Grew More Than 115 Percent; A Record Nine Deals Greater than One Million Dollars Concluded
LAS VEGAS – APPSPHERE - November 3, 2014 – AppDynamics, the application intelligence leader for software-defined businesses, today announced accelerated momentum across every aspect of its business. In Q3 FY15, ending October 31, trailing 12-month revenue grew more than 200 percent; trailing 12-month bookings grew more than 115 percent, and the company’s annualized bookings run-rate, based on fiscal Q3 results, surpassed $160 million. Additionally, during the quarter the company concluded a record number of nine deals greater than one million dollars. By every metric the quarter’s results underscore the continued and rapid rise in demand for application intelligence, and continued emergence of AppDynamics as the leader in the category.
The AppDynamics Application Intelligence Platform leverages modern, next-generation application performance management (APM) technology to allow enterprise companies to see, act upon, and know everything going on within their in-production web and mobile applications, 24/7. The company enjoyed broad validation and acceptance within leading enterprises in nearly every industry and across geographies, while average deal size also increased significantly. A sampling of new deals in Q3 include AG Insurance, AutoTrader.com, Carnival, Carphone Warehouse, Comcast, DIRECTV, DSW, Electronic Arts, Ellie Mae, Hermes, Home Box Office, ING Direct, Intuit, JetBlue, Kaiser, La Poste, Microsoft, NASDAQ, Paychex, PayPal, Pfizer, Royal Bank of Canada, Shop Direct Group, Staples, The Container Store, The Kroger Company, The Weather Channel, Time Warner Cable, Transamerica Corp., USPS, and Weight Watchers International.
And adding to the momentum and providing strong external validation of the company’s leadership position, just last week Gartner recognized Appdynamics, for the third year in a row, as a “Leader” in its very prestigious annual Magic Quadrant for APM, and this year positioned the company furthest to the right on the “Vision” axis.
In addition to the recognition by Gartner for the company’s vision and ability to execute, in September Gigaom Research awarded AppDynamics the highest ranking among APM vendors in its report, “Sector Roadmap: application-management solutions for distributed and cloud environments.” Each vendor tested for this report was ranked on cloud-readiness, breadth of language support, application topology mapping, transaction tracing, mobile and end-user experience monitoring, ease of deployment, and operations. Finally, in Q3 the company surpassed 500 employees, secured additional office space in San Francisco and Plano, TX, and opened a new office in India.
“The marketplace continues to validate the absolute need for a platform like AppDynamics, which is defining what the next generation of application performance management and analytics looks like for software-defined businesses,” said Jyoti Bansal, founder and CEO. “The more that enterprise business models depend on software, the more critical it is for them to have insight into every corner of their complex, usually widely distributed application ecosystems, including those parts that reach into the cloud and certainly encompassing their mobile users. AppDynamics delivers this insight and visibility in real time, filling a critical need, especially for large enterprises. That’s why we continue to enjoy triple-digit growth.”
Demonstrated continued dominance of the large enterprise APM market by securing nine customer wins that each exceeded $1M in value.
AppDynamics announced a self-service freemium version of AppDynamics Mobile Real-User Monitoring, its disruptive, next-generation solution for collecting mobile application behavioral analytics and managing the 24/7 performance of mobile applications in real time.
JPMorgan Chase, the largest bank in the United States and the sixth largest in the world, inducted AppDynamics into its prestigious “Hall of Innovation.”
AppDynamics helped underwrite cutting-edge research conducted by Enterprise Management Associates into the subject of big data and “operational analytics,” resulting in the report, The Many Faces of Advanced Operations Analytics.
For the third consecutive year, AppDynamics is positioned by Gartner as a “Leader” in the 2014 “Magic Quadrant for Application Performance Monitoring” report, and was positioned furthest to the right on the ‘completeness of vision’ axis in the Magic Quadrant.
Goldman Sachs Names Jyoti Bansal, founder & CEO of AppDynamics, as “One of the 100 Most Intriguing Entrepreneurs” at its third annual Builders + Innovators Summit.
Leading UK betting brand PaddyPower deploys AppDynamics to optimize the mobile and web betting experience.
Scicom Infrastructure Services selected AppDynamics to manage performance for critical customer applications.
Interactive Investor, a leading trading website, drops New Relic and adopts AppDynamics’ rich analytics capabilities and unprecedented visibility into application performance.
Gigaom Research gives AppDynamics the highest ranking among application performance monitoring (APM) vendors in its report, “Sector Roadmap: application-management solutions for distributed and cloud environments.”
AppDynamics Summer ’14 Release was made generally available. The latest version brings customers sophisticated new data visualizations and big data techniques for behavioral-learning and stream processing, and added a host of other enhancements to the AppDynamics Application Intelligence Platform.
Industry Conference - AppSphere ’14
AppDynamics kicked off TODAY, its first ever annual user conference for software-defined businesses, AppSphere 2014, featuring industry leaders from Google, Amazon Web Services, Microsoft, and others, November 3-5 in Las Vegas. Nearly 800 people are in attendance.
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All financial numbers referenced herein are unaudited.
AppDynamics is the Application Intelligence company. With AppDynamics, enterprises have real-time insights into application performance, user performance and business performance so they can move faster in an increasingly sophisticated, software-driven world. AppDynamics’ integrated suite of applications is built on its innovative, enterprise-grade App iQ Platform that enables its customers to make faster decisions that enhance customer engagement and improve operational and business performance. AppDynamics is uniquely positioned to enable enterprises to accelerate their digital transformations by actively monitoring, analyzing and optimizing complex application environments at scale.
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