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By Dennis Callaghan  |  Posted 2003-04-18 Print this article Print

In other software and service company earnings news this week: Web conferencing service provider WebEx Communications Inc. seemed to take advantage of the decrease in corporate travel as its revenues rose year-to-year to $41.8 million from $29.6 million. The revenue increase helped boost profits for the San Jose, Calif.-based company, as its net income jumped from $1.1 million to $6.3 million year-to-year.
WebEx also announced the promotion of corporate finance executive Michael Everett to CFO, replacing Craig Klosterman, WebExs CFO for the past three years, who plans to retire later this year.
Contact center software developer Aspect Communications Corp. saw revenues tumble from $104.5 million in last years first quarter to just $84.4 million this year. License revenues slipped from $22.9 million to $15 million. Thanks to across-the-board reductions in expenses though, the San Jose-based company did turn a $4.1 million profit in the quarter after losing $40.7 million on paper in last years first quarter. Aspect rival Concerto Software Inc. gained in revenues, from $23.3 million to $25.6 million. Product revenue was nearly constant, rising from $10.6 million to $11 million. Westford, Mass.-based Concerto managed a $475,000 profit after losing $4.1 million in last years first quarter. CRM and billing software developer Amdocs Ltd. saw fiscal second-quarter revenues fall year-to-year from $455.3 million to $355 million. License revenue sunk from $45.5 million to $19.2 million. But thanks to a huge drop-off in amortization and restructuring charges, Amdocs managed to raise its profits from $26.4 million in last years second quarter to $45.4 million this year. For up-to-the-minute coverage of the industrys quarterly reports, check out eWEEKs Earnings Roundup.


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