Apr 23, 2003 (07:04 AM EDT)
Profit Up, Sales Flat For Hyperion
Read the Original Article at InformationWeek
Hyperion Solutions Corp. on Tuesday reported strong earnings growth for its third quarter, although software sales were virtually flat compared with a year ago.
For the quarter ended March 31, the maker of business-performance and business-intelligence apps reported a profit of $8.3 million, or 23 cents per share, on sales of $126.6 million, compared with a profit of $3.1 million, 9 cents per share, on sales of $120 million a year earlier.
While Hyperion's total revenue was up 6%, software-license revenue was up less than a percent, to $50.4 million. Most of the company's revenue gain came from a 9% increase in maintenance and service-related revenue, which totaled $76.1 million in the third quarter. The company says that indirect channels, including its partnership with IBM, accounted for 30% of all license revenue.
For the nine months ended March 31, Hyperion reported a profit of $24.9 million (71 cents per share) on sales of $372.5 million, compared with a profit of $8.8 million (26 cents per share) on sales of $356.2 million for the same period in fiscal 2002.