Business intelligence software developer sees revenues and net income increase.
Business intelligence software developers proved the viability of their business in slow economic times with mostly improved earnings reports this week.
Hyperion Solutions Corp. saw revenues increase to $126 million in its fiscal second quarter ended Dec. 31, up from $118.9 million in the same period the previous year. License revenues led the way, up from $46.2 million to $51.1 million.
The higher revenues enabled Hyperion to increase its net income as well, as the Sunnyvale, Calif., company turned a profit of $7.6 million, up from $3.7 million in the same period the previous year.
Hyperion increased its license revenues through the indirect channels to 27 percent of its total revenues, up from 24 percent in the previous fiscal second quarter. The company ultimately wants to drive a third of its business through the channel, Hyperion officials said.
Hyperion added 165 new customers in the quarter, accounting for 35 percent of its license revenue. Platform licenses generated 55 percent of revenue, with application licenses making up the other 45 percent.
In other earnings news in the business intelligence space:
Informatica Corp. saw total fourth quarter revenues remain nearly constant at $50.1 million, down only slightly from the $50.3 million the Redwood City, Calif., company reported in the fourth quarter of 2001. License revenue fell farther though, to $24.8 million from $29.2 million in the year-ago period.
But Informatica did manage to turn a profit of $1.5 million after losing $8.5 million in the same period the prior year.
Brio Software Inc. turned in total revenues of $25.5 million for its fiscal third quarter ended Dec. 31, down from $28.3 million in the same period the prior year. License revenue fell to $10.5 million from $14.1 million. Brio, in Santa Clara, Calif., took a $2.1 million loss in the quarter, down from a nearly $5 million loss in the previous fiscal third quarter.
Corporate performance management specialist Comshare Inc. saw total revenue inch up to $14.5 million in its fiscal second quarter, from $14.3 million in the same period the previous year. Total license revenue enjoyed a healthier increase, from $4.1 million to $5.8 million. The Ann Arbor, Mich., company managed a $604,000 profit in the quarter after losing $2.3 million the previous fiscal second quarter.