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Investment in OnDemand sees revenue increase at Questionmark

publication date: Oct 31, 2012
Questionmark Computing, the assessment technology company, has reported an operating loss of £445k (2010: £46k profit – 8 months) for the year ended 31 December 2011 on revenue up 33.5% to £7.5m (2010: £5.6m) according to accounts filed recently at Companies House. Around 69% (2010: 72%) or £5.1m (2010: £4.0m) of the company’s FY11 revenue was generated in the US; only 13% (2010: 16%) came from the UK. Revenue from the rest of Europe more than doubled from £0.6m in FY10 to £1.4m in FY11. Deferred revenue increased 8.6% to £3.5m (2010: £3.2m) at the year end. The company had net funds of £1.4m (2010: £2.0m) at 31 December 2011.

FY11’s profitability was impacted by investment in product and service development – most notably in the QuestionMark OnDemand service, a reorganisation of the company’s operations including closure of the company’s subsidiary in Belgium and a strengthening of the company’s management team.

Founded in 1988 by Eric Shepherd and John Kleeman, Questionmark enables organisations to measure knowledge, skills, and attitudes to achieve successful learning outcomes. The company's principal products are Questionmark OnDemand – a scalable Software as a Service assessment management solution - and the earlier Questionmark Perception – an on-site assessment management system that enables the user to author, schedule, deliver, and report on surveys, quizzes, tests and exams. The company believes it is well positioned to take advantage of new business opportunities with corporates, universities and colleges and government agencies for assessment solutions. Questionmark works with a wide range of consulting and technology partners to support the deployment of Questionmark’s technology.

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