Kanata-based software maker posted total sales of $4.2 million for the three-month period ending June 30, down from $4.4 million in the first quarter of fiscal 2021.
Staff reductions are part of a company-wide effort aimed at reducing Kanata software firm’s overall expenditures by 20 per cent, or about $4 million a year.
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Kanata-based software firm said late Tuesday it posted sales of $17.5 million for the fiscal year ending March 31, up just four per cent from the previous year’s revenues of $16.8 million.
Veteran executive replaces Erin Crowe, who left the Kanata software firm earlier this year to return to the Ottawa Senators as senior vice-president and chief financial officer.
Martello Technologies is getting a multimillion-dollar funding boost as it looks to bounce back from a pandemic-fuelled slump that stalled a years-long stretch of virtually uninterrupted growth.
Kanata-based network troubleshooting software company booked revenues of $4.46 million for the three-month period ending Dec. 31, down from $4.63 million a year earlier.
Veteran finance executive, who now serves as CFO of Kanata-based Martello Technologies, spent nearly two decades with the NHL club before leaving in 2015.
Kanata software firm reported revenues of $4.41 million for the three-month period ending Sept. 30, virtually unchanged from $4.4 million in the same period in 2020.
Software company said Tuesday it posted revenues of $16.8 million for the fiscal year ending March 31, up from $11.2 million a year earlier.