Press Release: ILOG Announces 2007 First Quarter Results
ILOG(R) today announced results for the first quarter of fiscal 2007, ended September 30, 2006. Revenues for the quarter amounted to $35.8 million and diluted earnings per share were $0.07. This compared with revenues of $30.7 million and diluted earnings per share of $0.11 for the prior year's first quarter.
"This quarter we returned to double-digit growth, with revenues up 16%, and we achieved solid growth in combined license and maintenance revenues for our business rule management system (BRMS) products at 20%. We also had higher revenues in each of our geographies -- including strong 22% growth in Europe," said ILOG Chairman and CEO, Pierre Haren. "Our profitability has been temporarily impacted by the timing of our research tax credit and higher taxes than last year. At $69 million, our cash position remains strong, and has allowed us recently to make two investments that will help us build for the future."
License revenue growth was led by BRMS, as the adoption of this technology into the IT mainstream continues. The mainstream appeal of BRMS is underscored by the growing diversity of markets in which these solutions are being deployed, which is reflected in ILOG's first quarter deal activity. While financial services and insurance companies continue to dominate BRMS purchases, the Company signed several sizeable deals in other market segments, including a major UK publisher of phone directories, a leading U.S. logistics and transportation company, and a large U.S. healthcare provider network...
See the press release.