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Article: Symyx Technologies Reports First Quarter Financial Results.
- Article from:
- Business Wire
- Article date:
- April 25, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
SANTA CLARA, Calif.--(BUSINESS WIRE)--April 25, 2002
Symyx Technologies, Inc. (Nasdaq:SMMX) today reported financial results for the first quarter ended March 31, 2002.
Revenue for the quarter increased by 4% to $14.5 million compared to $14.0 million for the quarter ended March 31, 2001. Product and license revenue increased 39% to $5.8 million from $4.2 million and contributed 40% of total revenue. Product and license revenue included revenue from the sale of Discovery Tools(R) Solubility Systems to Merck & Co., Inc. and to Eli Lilly and Company and additional payments from Sumitomo Chemical, The Dow Chemical Company and ...