IACO comes in line which could be good enough for it, although I closed my position yesterday and traded just the anticipation and in this case did not stay for the 'actual' fact.
Information Advantage License Revenue Up 44% in Fourth Quarter; Company Ships First Business Intelligence Portal
EDEN PRAIRIE, Minn., March 4 /PRNewswire/ -- Information Advantage Inc. (Nasdaq: IACO - news), a leading provider of Web-based Business Intelligence software, today reported record revenue of $20.1 million for the fourth quarter ended Jan. 31, 1999, an increase of 36 percent from $14.8 million in the fourth quarter last year. License revenue grew 44 percent to $12.7 million from $8.8 million in the same quarter last year. Services revenue increased to $7.4 million, a gain of 23 percent from $6.0 million last year.
Net income for the quarter, also a record, was $1.9 million, equal to 8 cents per share basic and 7 cents per share diluted. In the fourth quarter a year ago the company had net income of $0.4 million, equal to 2 cents per share basic and diluted.
Revenue for the fiscal year ended Jan. 31, 1999, totaled $70.7 million, up 41 percent from $50.3 million in fiscal 1998. Net income was $6.7 million, equal to 27 cents per share basic and 25 cents per share diluted. Excluding a one-time tax benefit and merger-related charges recorded during the third quarter, earnings per share would have been 23 cents per share basic and 22 cents per share diluted. In the 1998 fiscal year, Information Advantage recorded a loss of $4.5 million, equal to 38 cents per share basic and diluted.
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