Textura revenue up 61% for quarter

Textura Corp. (NYSE: TXTR) said it has announced financial results for the quarter ended March 31, 2014.

On May 1, 2014, Textura´s board of directors approved a change in Textura´s fiscal year end from September 30th to December 31st.

For the quarter, revenue increased 61 percent year over year to USD13.8m; organic revenue growth of 46 percent year over year; construction value added of USD19.5bn, up 84 percent year over year; and gross margin of 79 percent, up from 77 percent in prior quarter.

Textura Corporation provides on-demand business collaboration software solutions to the commercial construction industry in the United States and Canada. The company was founded in 2004 and is headquartered in Deerfield, Illinois. Its website is at http://www.texturacorp.com.

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