TORONTO--(BUSINESS WIRE)--Eyelit Inc. announced top line revenue growth of over 25% for the first quarter of 2020 over the same period in 2019, despite lower services revenue due to COVID-19. The increase was led by software licenses and support (recurring) revenue.

Key events for the quarter were:

Financial highlights for first quarter of 2020

We are very fortunate to be growing and hiring during the COVID-19 pandemic. Our enterprise customers continue to expand their use of Eyelits software. Factory Automation is our fastest growing area with Eyelits unique and proven ability to connect the automation layer to higher levels of business and factory applications. We expect this trend to continue and accelerate as Industry 4.0 and Smart Manufacturing programs expand with COVID-19, stated Dan Estrada, Vice-President of Sales and Marketing, Eyelit.

COVID-19 Update: The effects of the COVID-19 virus continue to have an unfavorable impact to Eyelits overall business. Despite this, Eyelit continues its push to grow and find innovative ways to provide our solutions to customers. This has been possible in large part due to their flexibility and willingness to adapt to new norms, especially a widespread acceptance of remote collaboration.

About Eyelit Inc. (www.eyelit.com)

Eyelit Inc. is the leader in Manufacturing Execution and Quality Management (MES and QMS) solutions for visibility, control, and coordination of manufacturing operations for the aerospace & defense, electronics, life sciences, medical device, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10, SEMI PV2-0709), Dispatching, Factory Integration (Automation), Manufacturing Execution (MES/MOM), Recipe Management, SPC, Supply Chain Management, Quality Management (CAPA/OCAP/APC/RMA), and Business Process Management, that enable its customers to rapidly and cost-effectively optimize production and company processes.

With exceptional customer service, Eyelit has time and again proven that superior, innovative technology can maximize efficiency and value. More than 50 leading companies, including austriamicrosystems, CEA-Leti, Innovative Micro Technology (IMT), LFoundry, Murata Electronics, Northrop Grumman Corporation, NXP Semiconductors, PerkinElmer, Raytheon Company, Skyworks Solutions, TowerJazz and multiple global 100 companies rely on Eyelit as a trusted software partner. Follow Eyelit on LinkedIn and Twitter.

Go here to read the rest:

Eyelit Announces Revenue Growth and Profit From Its Manufacturing Execution (MES), Automation, and Quality (QMS) Software for Q1 - Business Wire