SCT`s Utility Systems Ends Fiscal Year with Record Revenue
SCT recently announced that its utility systems division achieved record revenues for fiscal year 1998, which ended September 30, with approximately 60 percent growth over fiscal 1997. SCT reported signing over 33 percent more utility clients than in fiscal 1997. The company attributes much of the growth to industry deregulation and the positive impact it has had on the software market.
New licensees during fiscal 1998 include Washington Water Power, Columbia Energy Services, a subsidiary of Columbia Energy Group, Seattle City Light and Seattle Public Utilities, and Texas-New Mexico Power Co., a wholly-owned subsidiary of TNP Enterprises.
During the 1998 fourth quarter, SCT achieved more than 75 percent growth in its utility business over fourth quarter 1997. New clients signed in fourth quarter 1998 include Central Illinois Light Co. and the natural gas operations of Citizens Energy Services.
SCT provides advanced application software designed to meet public and private utilities` needs. Its products support customer management, fuels management and supply chain and logistics management processes. In addition to utilities, SCT provides software and IT services to government, higher education and manufacturing and distribution companies.