Docucorp Announces First Quarter Results4 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.”