2006 revenue rises 62% year-over-year at Fast Search & Transfer
Fast Search & Transfer, a provider of web site and enterprise search technology, posted record revenue last year of $161.2 million, up 62% from 2005, the Oslo, Norway-based company reports.
Revenue for the fourth quarter ended Dec. 31, reached $48.8 million, also a record, rising 57% from the year-earlier quarter, Fast says. Q4 earnings before interest, taxes, depreciation and amortization were $7.8 million.
The company also said that it remains debt-free and increased its cash balances by $107 million last year for a total at year-end of $232.5 million.
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