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AppDynamics Closes Record Year with 175 Percent Year-Over-Year Growth
New customers include ADP, Toshiba, Nike, GE, Toyota, Pfizer, Cisco and NBC Universal
|By Liz McMillan
|February 18, 2014 10:30 AM EST
AppDynamics on Tuesday announced it achieved record-breaking growth in its fiscal year ending Jan. 31, with a 175 percent year-over-year increase in bookings. In addition to rapid growth, the company ended the year with new blue chip customers including ADP, Toshiba, Nike, GE, Toyota, Pfizer, Cisco, NBC Universal, Channel4, DIRECTV, Qualcomm, Quicken, Pearson, Weightwatchers and FedEx. The company increased its enterprise customer base from 500 to over 1,000 across multiple verticals, including financial services, media, retail, telecommunications, transportation and healthcare.
"I'm thrilled with the results and the customer and industry validation we've achieved over the past year, all of which have surpassed our most aggressive estimates. AppDynamics concluded fiscal 2014 with spectacular, sustainable growth, including an annualized bookings run-rate of more than $100 million in our fiscal fourth quarter, and the company is now positioned to continue to expand its business and further its leadership position," said Jyoti Bansal, Chief Executive Officer of AppDynamics. "The IT landscape is going through a generational change as more and more businesses are using software application innovation as their competitive differentiator. AppDynamics recognized this early on and has always provided cutting-edge, disruptive solutions that help today's software-defined enterprises support their mobile, cloud, big data and DevOps requirements."
In fiscal year 2014 (Feb. 2013 to Jan. 2014), AppDynamics experienced a 175 percent increase in bookings. Furthermore, the company secured multi-year commitments from large global enterprises across multiple verticals, establishing the company as a leading enterprise solutions provider.
Named by Forbes as one of the best places to work, AppDynamics opened its new headquarters, which boasts designer spaces and a creative working environment, in late 2013 in the heart of San Francisco's software community. The company has also grown to an employee count of nearly 400 worldwide. This remarkable growth has been fueled by continued success in the U.S. and rapid geographical expansion in EMEA and APAC. In its fiscal fourth quarter, the company opened new offices in Japan, Singapore, Australia and India.
Fiscal 2014 also marked a year of unmatched innovation for AppDynamics. The company was once again positioned as a leader in the Gartner "2013 Magic Quadrant for Application Performance Management." In addition, AppDynamics announced several disruptive solutions and capabilities, including:
- Features such as Application Runbook Automation and Realtime Business Metrics
- Significantly expanded resources and support for new application stacks, including PHP, Node.js, Databases, NoSQL and NetApp
- Mobile application management for native iOS and Android apps
- A new self-service freemium commercial model
- Open APIs, allowing developers to establish an ecosystem and community for supporting a growing portfolio of applications, infrastructure equipment, mainframe, storage and management tools
AppDynamics is fanatical about customer satisfaction and is very proud to have a maintained a consistent quarterly improvement in its Net Promoter Score* (NPS). In its fiscal fourth quarter, AppDynamics secured a world-class NPS score of 84.
In its independent rating by Zendesk across all 15,000 of its enterprise customers, AppDynamics achieved a satisfaction rating of 98, in comparison to the average satisfaction rating of 86, given by all other participants.
In fiscal 2014, AppDynamics expanded its go-to-market model through new partnerships with system integrators, value added resellers, global outsourcers and managed service provider partners, including SunGard, T-Systems, Trace3, Fujitsu, NTT and Accenture. The company also expanded its partnerships with leading technology and cloud solutions providers such as Microsoft, RedHat, NetApp, Pivotal and AWS. AppDynamics continued working with and through partners to provide quick return on investment (ROI) on the partnership investment and rapid ROI for joint customers.
"It is clear that the enterprise sector is no longer willing to accept the inability of legacy vendors such as CA Technologies, IBM, Compuware and HP to serve the needs of today's software-defined businesses, which depend on applications to rapidly innovate and compete," said Joe Sexton, President of Worldwide Field Operations of AppDynamics. "Enterprises demand flexibility that supports cloud and on-premises deployments in order to extract the operational and business intelligence that only AppDynamics can deliver. Recent customer wins, including Toyota and Union Pacific, validate that our technology is well aligned to what enterprises need to fuel growth and gain a competitive advantage."
For regular news and information about AppDynamics and the APM market, like and follow the company on:
AppDynamics is the next-generation application performance management solution that simplifies the management of complex, business-critical apps. No one can stand slow applications -- not IT operations and development teams, not the Chief Information Officer, and definitely not end users. With AppDynamics, no one has to tolerate slow performing apps ever again. AppDynamics customers include TiVo, AMICA Insurance, Expedia and StubHub. For more information, visit www.appdynamics.com.
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