Log in

ISM News

Docucorp Announces First Quarter Results

4 Dec, 2006

Docucorp Announces First Quarter Results

DALLAS – Docucorp International, a leading provider of Customer Communication Management (CCM) solutions, today announced record first quarter revenues of $21.7 million for the quarter ended October 31, 2006, a four percent increase as compared to $20.8 million for the first quarter of the prior year. Net income increased 40 percent for the quarter to $765,000, or $0.07 per diluted share, compared to net income of $546,000, or $0.05 per diluted share, for the same period a year ago.

Compared to the first quarter of fiscal 2006, professional services revenue increased 11 percent to $6.0 million, maintenance revenue increased five percent to $5.6 million, and ASP hosting revenue increased two percent to $8.2 million. Software license revenue decreased eight percent to $1.9 million.

“Record first quarter revenues and a 40 percent improvement in profitability are a solid start for the fiscal year,” said Michael D. Andereck, president and chief executive officer, Docucorp International. “Our challenge and focus for fiscal 2007 is to increase software license sales.”

WebinarCase Studies and White PapersSand Exchange Blog

imageSource Magazine Quick Links
Upcoming Events
ITEX Expo & Conference
©2015 Questex, LLC. All rights reserved
Reproduction in whole or part is prohibited
Please send any technical comments or questions to our webmaster