ASDV looks like beat by 4 cents.Aspect Development Closes Year at Record $100M Revenue Run Rate Year Over Year License Revenue Grows Over 90%; Year to Year Total Revenue Tops 70% Growth
I called the company this morning at 9;00 to check the date, I didn't want any errors either.
MOUNTAIN VIEW, Calif., Jan. 28 /PRNewswire/ -- Aspect Development, Inc. (Nasdaq: ASDV - news) announced today the results for the fourth quarter ended December 31, 1998 and its 1998 fiscal year. Aspect reported record 1998 revenues of $86,365,000, up 73% from $49,929,000 in 1997. License revenues grew 90% for the year as a whole, from $26,892,000 to $51,132,000. Earnings per share for the year totaled $0.48 per diluted share. Net income for the year grew to $16,025,000 contrasted with a net loss of $(4,871,000) in 1997.
For the quarter, Aspect reported revenues of $25,459,000, an increase of 51% over revenues of $16,843,000 for the same quarter in 1997. License revenues grew 67% year over year in the fourth quarter, from $9,013,000 to $15,044,000. Net income for the fourth quarter of 1998 was a record $5,926,000 or $0.18 per diluted share, compared to a net loss of $(2,815,000) or $(0.10) per diluted share for the fourth quarter of 1997. The loss for the year ago quarter and year summary include losses incurred in that quarter by Cadis, Inc., which was acquired by Aspect on November 25, 1997 and accounted for as a pooling of interests.
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