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SPSS Reports Record Income
Research and predictive analytics software giant SPSS has reported a record 36% increase in its 2006 fourth quarter operating income, to $11.7m. The firm's annual revenue was up 11% from $236.1m in 2005 to $261.5m in 2006.
Operating income for the year increased 22% to $34.3m, up from $28m in 2005. The 2006 figure includes the effect of expenses for share-based compensation of $1.7m in the fourth quarter and $6.7m for the full year. The firm's 2006 fourth quarter revenues were $71.1m, up 14% from the same period in 2005.
New license revenues in 2006 were up 16% from $107.6m in 2005 to $125m, and new license revenues for the 2006 fourth quarter were $35.8m, up 20% from the same period in 2005. Sales of new licenses in the 2006 fourth quarter were driven by an increased number of sales of more than $100,000, to clients including GfK AG.
President and CEO, Jack Noonan, believes that the revenue rises for both the fourth quarter and full year reflect the strong growth in the predictive analytics market: 'We are realising the benefits of the organisational and operational changes we implemented over the past two years. With the convergence of the right people, the right products, and the right market conditions, we are well positioned to build on the successes of 2006.'
Founded in 1968, today SPSS has more than 250,000 customers worldwide, served by more than 1,200 employees in 60 countries. The firm is online at www.spss.com .
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