CHICAGO, Nov. 10, 2016 /PRNewswire/ -- SAVO Group, the leading provider of enterprise-grade software solutions for the sales enablement market, today announced it has reached a key financial milestone by achieving sustainable operating profitability during the most recent fiscal quarter ending September 30, 2016.
This financial milestone was the result of the Company driving double-digit growth in its core product solutions, combined with a strategic focus on the realignment of internal investments to its core products. Achieving and driving sustainable levels of profitability, while driving accelerating growth rates, has been a key goal of the Company. "Driving to sustainable profitability levels has been a cornerstone of our operating plan for the last 18 months. Self-sustaining existence is critical to maintaining sustainable investment in next generation products and solutions," said Jason Liu, CEO, SAVO Group. "This is a major milestone not just for SAVO, but speaks to the viability of the sales enablement market, as well as to SAVO's continued leadership position in it." SAVO will continue to aggressively invest in future innovation, with current R&D spend levels approximating 40 percent of revenues, versus an industry average of 20 percent.