nWo
15 years ago
Earnings look pretty good to me and all on Pervasive Software:
Pervasive Software Reports Results for Its First Quarter of Fiscal Year 2010
Business Wire
posted: ONE MINUTE AGOPervasive Software® Inc. (NASDAQ:PVSW), a global value leader in embeddable data management and data integration software and in enabling next generation analytics, today announced financial results for the first quarter ending September 30, 2009.
For the first quarter ended September 30, 2009:
Revenue was $12.2 million, an increase of 3% compared to $11.9 million for the first quarter of last fiscal year.
Net income was $1.3 million, or $0.07 diluted earnings per share, compared to net income of $1.3 million, or $0.07 diluted earnings per share, for the first quarter of last fiscal year.
On a non-GAAP basis, as described below, Pervasive realized net income of $1.6 million, or $0.08 diluted earnings per share, compared to net income of $1.8 million, or $0.09 diluted earnings per share, in the first quarter of last fiscal year. Non-GAAP results exclude amortization of purchased intangibles and stock-based compensation expense, and assume a non-GAAP effective tax rate of 34%.
Pervasive continued to generate positive cash flow from operations with $1.2 million in the first quarter of fiscal 2010, ending the quarter with approximately $40.4 million in cash and marketable securities. As previously announced, Pervasive invested approximately $2.6 million in cash in the September quarter to acquire assets of Greenville, South Carolina-based ChanneLinx, Inc., a privately held business-to-business Web-based data interchange technology company. In addition, Pervasive acquired approximately 258,000 shares of Pervasive common stock on the open market at a total cost of approximately $1.3 million, or approximately $5.08 weighted average price per share, during the quarter ended September 30, 2009. The Company has $7.6 million authorized repurchase funds remaining under its $10.0 million stock repurchase program announced in March 2009. Depending on market conditions and other factors, such purchases may be commenced or suspended at any time without prior notice. Issued and outstanding shares of common stock as of September 30, 2009 totaled approximately 17.9 million.
"It’s a privilege to lead a team with such an enviable track record of execution and profitability,” said John Farr, president and CEO of Pervasive Software. “Our two flagship offerings, the embedded Pervasive PSQL™ database and our data integration line, continue to deliver market-leading value for partners and customers. In addition, the company closed one relatively large transaction with a database customer representing approximately $2.4 million in revenue during the September quarter. Pervasive’s tenacious focus on profitability allows us to fund acquisitions such as the ChanneLinx transaction and exciting innovation in our flagship products, in our Innovation Labs initiatives, and in new technologies including Pervasive DataRush™ and Pervasive DataSolutions™.”
Business Outlook
As previously stated in guidance provided on October 1, 2009, Pervasive expects revenue for the second fiscal quarter ending December 31, 2009 to be in the range of $11.0 million to $12.0 million and GAAP-basis diluted earnings per share of $0.04 to $0.07, compared to $11.2 million revenue and $0.06 diluted earnings per share for the December quarter of the previous fiscal year.
GAAP-basis profitability is expected to include amortization of purchased intangibles and stock-based compensation expense representing approximately $0.6 million, pre-tax, in the second quarter of fiscal year 2010. The company expects non-GAAP adjustments to result in non-GAAP diluted and fully taxed earnings per share of approximately $0.05 to $0.08 in the December quarter, compared to $0.07 non-GAAP diluted and fully taxed earnings per share for the December quarter of the previous fiscal year.
NovoMira
15 years ago
Pervasive Software Announces Date for Release of Its Fiscal 2010 First-Quarter Financial Results
AUSTIN, Texas--(BUSINESS WIRE)--As previously scheduled, Pervasive Software® Inc. (NASDAQ: PVSW) will announce its fiscal year 2010 first-quarter results after the close of market on Tuesday, October 20, 2009. Following the release, President and CEO John Farr and CFO Randy Jonkers will host a live conference call at 5:00 P.M. (Eastern) to discuss the company’s results.
The conference call will be broadcast live through a link on the Investor Relations page on the Pervasive Web site at www.pervasive.com. Please go to the Web site at least 15 minutes prior to the call to register, download and install any necessary audio software. The dial-in numbers for the call are 877-808-2426 (toll-free) or 973-200-3975 (international). The conference name is "Pervasive Software Inc."
For those who cannot attend the live broadcast, a replay will be available 8:00 P.M. Eastern Tuesday, October 20, to midnight, Tuesday, October 27, by dialing 800-642-1687 (toll-free) or 706-645-9291 (international), and selecting Conference ID 31480749. Additionally, the Webcast will be archived on Pervasive's Web site at http://investor.pervasive.com/events.cfm.
nWo
15 years ago
well thats good that you have a newspaper who covers the company like that, that makes it that much easier and stuff, excellent sources. Unless of course your Apple, or IBM or Research In Motion most companies have not recovered half to what they were in the dot.com burst and this still hold true today,and looking at Pervasive they obviously still have not reocvered fully from that .com era so to me there is still valuation left for the company to get back to where it was once, of course not all companies make it back to there height, or close to it, but there is no reason why they cant at least make it to 9 a share on there forecast.
NovoMira
15 years ago
Regularly Scheduled Earnings Release Conference Call – October 20, 2009
Pervasive will provide the full financial results for its first quarter ending September 30, 2009 in its regularly scheduled earnings release conference call on October 20, 2009 at 5:00 P.M. Eastern time.
The dial-in numbers for the call are 877-808-2426 (toll-free) or 973-200-3975 (international). The conference name is "Pervasive Software Inc." The conference call may also be accessed live over the Web at http://investor.pervasive.com/events.cfm.
Check the Web site before the call for login information. Replay will be available 8:00 P.M. Eastern Tuesday, October 20, to midnight, Tuesday, October 27 by dialing 800-642-1687 (toll-free) or 706-645-9291 (international), and selecting Conference ID 31480749. Additionally, the Webcast will be archived on Pervasive's website at http://investor.pervasive.com/events.cfm.
NovoMira
15 years ago
Pervasive shares jump 16% on higher guidance
Austin Business Journal -
Friday, October 2, 2009, 2:30pm CDTl
Shares of Pervasive Software Inc. increased 19 percent on Friday after the company elevated its fiscal first quarter guidance.
The data management and data integration software firm said the results for its fiscal first quarter that ended Sept. 30 should be in the range of $11.9 million to $12.2 million, up from the $10.5 million to $11.5 million guidance the company was anticipating in July.
Pervasive Software's (Nasdaq: PVSW) shares rose to $5.69 on Friday, up from Thursday's closing price of $4.76.