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Revenue Surging at SPSS
MR software and predictive analytics giant SPSS has announced record results for the quarter and six months ended June 30. Second quarter revenues were $63.5m, up 9% from $58.1m in the second quarter of 2005. New license revenues were up 20% to $29.3m.
For the six months ended June 30, revenues totalled $125.7m, up 9% vs 2005, and new license revenues were up 17% to $59.2m. Diluted earnings per share (EPS) in the 2006 second quarter were down to $0.12 from $0.21 for the same period last year, primarily due to a $2.2m charge related to share-based compensation reflecting the adoption of Statement of Financial Accounting Standards (SFAS) 123R.
President and CEO Jack Noonan comments: 'We were delighted with the strong growth in new license revenue, particularly as it occurred for both applications and tools and across all major geographies'. CFO Raymond Panza said the firm was 'disappointed by the delivery of earnings below our guidance for the 2006 second quarter' but that 'for the six months ended June 30... revenue growth and operating margins were consistent with our anticipated performance.'
Panza said third quarter revenues were expected to be between $64 and $66m, while revenue guidance for the full year has been raised to a range of between $252m and $258m.
Founded in 1968, SPSS is headquartered in Chicago, Illinois and is online at www.spss.com .
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