SPSS Inc. (Nasdaq: SPSS), wereldwijde leverancier van software-oplossingen voor predictive analytics, heeft de resultaten over het derde kwartaal, eindigend op 30 september 2008, bekendgemaakt. In het derde kwartaal heeft de organisatie een omzet van 74,9 miljoen USD behaald, een toename van 4 procent ten opzichte van het derde kwartaal (72,3 miljoen USD) in 2007. De licentieverkopen daalden met 2 procent tot 33,7 miljoen USD, maar het netto inkomen liet een stijging zien van 25 procent van 10,5 miljoen USD ten opzichte van 8,4 miljoen USD in hetzelfde kwartaal in 2007.
Hieronder volgt het volledige Engelstalige persbericht:
SPSS Reports 2008 Third Quarter Financial Results with Solid Operating MarginSPSS Inc. (Nasdaq: SPSS - News), a global provider of Predictive Analytics software and solutions, today announced results for the quarter and nine months ended September 30, 2008. SPSS reported third quarter revenues of $74.9 million, a 4 percent increase from $72.3 million in the third quarter of 2007. Net income was $10.5 million, up 25 percent from $8.4 million in the same quarter last year, with diluted earnings per share (EPS) of $0.55, a 34 percent increase from $0.41 in the third quarter of 2007. License revenues were $33.7 million, down 2 percent from $34.5 million in the third quarter of 2007. Operating income increased 3 percent to $12.8 million, or 17 percent of total revenues, from $12.5 million, or 17 percent of total revenues, in the third quarter of 2007. Charges for share-based compensation were $0.06 and $0.03 per share in the third quarter of 2008 and 2007, respectively. Also included in the 2008 third quarter EPS results was a $0.02 charge related to cost management initiatives launched during the quarter. The effective income tax rate for the third quarter of 2008 was 24 percent, compared with 42.5 percent in the same quarter last year. Approximately 58 percent of total revenues in the third quarter of 2008 came from outside the United States. Excluding the effects of currency exchange rates, total revenues were up 1 percent over the third quarter of 2007.
“In the midst of these very challenging economic times, we met our revenue and earnings expectations for the third quarter,” said Jack Noonan, SPSS chairman, CEO and president. “With continuing declines in the global economy and unfavorable moves in foreign currency rates, we anticipated a difficult quarter. Yet, with our loyal customer base, we were able to offset much of the slowdown in larger, multi-user transactions with an increase in smaller and single-user license sales. In particular, we benefited from the 2008 third quarter release of our upgraded flagship product SPSS Statistics 17.0. Attracted by this version’s broader functionality, customers adopted SPSS Statistics 17.0 more quickly than they did with the release of SPSS 16.0 last year.”
Noonan added, "As a recognized market leader in Predictive Analytics, SPSS is well-positioned to manage through the current economic downturn. We have better aligned our sales organization around core distribution channels to leverage the strength and efficiencies of our inside sales organization. And, we will continue to focus on maintaining our healthy balance sheet and cash flow.”
Revenues for the nine months ended September 30, 2008, totaled $228.8 million, an 8 percent increase from $211.4 million in the same period last year. Net income was $28.2 million, up 19 percent from $23.7 million in the 2007 nine-month period, with EPS of $1.47, a 27 percent increase from $1.16 in 2007. License revenues were $107.0 million, up 5 percent from $101.8 million in the 2007 nine-month period. Operating income was $37.6 million, or 16 percent of revenues compared to $34.8 million, or 16 percent of revenues in the 2007 nine-month period. Charges for share-based compensation were $0.20 and $0.17 per share in the 2008 and 2007 nine-month periods, respectively. The effective income tax rate for the 2008 nine-month period was 32 percent, compared with 39 percent in the same period last year. Approximately 60 percent of total revenues in the 2008 nine-month period came from outside the United States. Excluding the effects of currency exchange rates, total revenues were up 3 percent over the 2007 nine-month period.
At September 30, 2008, cash and cash equivalents totaled $307.0 million. SPSS generated $16.7 million in cash from operations in the third quarter of 2008 compared with $16.9 million in the same quarter last year. Cash provided by operating activities in the first nine months of 2008 was $45.5 million, after payment of $7.4 million of a year-end 2007 accrued payable related to the Company’s share repurchase program, compared to $51.5 million for the same period in 2007.
Outlook and Guidance"Although we anticipated a strengthening U.S. dollar and continuing slowdown in the economy, few expected the extensive changes in the global markets that have occurred over recent months,” said Raymond Panza, SPSS executive vice president and CFO. “Consistent with our demonstrated financial discipline, we have initiated actions to ensure continued solid operating margins and profitability, including a global staff reduction of nearly 10 percent to be completed during the fourth quarter.”
Panza added, "Looking to the 2008 fourth quarter, we expect continuing pressure from foreign exchange rates and a further slowing global economy to result in revenues of between $73.0 million and $78.0 million. Before considering estimated charges of between $3.5 million and $4.5 million, or $0.12 to $0.16 per share, related to the cost management and staff reduction initiatives, we expect 2008 fourth quarter EPS in the range of $0.41 to $0.49. For the 2008 fiscal year, we expect revenues of between $302.0 million and $308.0 million, with EPS in the range of $1.90 to $1.98, again before considering the special charges. This guidance assumes an effective income tax rate of 32 percent for the fourth quarter and fiscal year.
“Annual savings from the cost management initiatives and staff reductions are expected to exceed $10.0 million,” said Panza. “In 2009, we will continue to focus on the preservation of capital and the alignment of expenses to our revenue expectations. Specific guidance for 2009 will be provided with the announcement of our 2008 fiscal year results.”
BERICHT VOOR DE REDACTIE
Over SPSSSPSS (NASDAQ : SPSS) is wereldwijd leverancier van software-oplossingen voor predictive analytics. De predictive analytics-technologie van SPSS optimaliseert bedrijfsprocessen doordat klanten hiermee beter in staat zijn zich op de kernactiviteiten te richten en te presteren. Met de opname van predictive analytics in de bedrijfsprocessen worden organisaties ‘voorspellende ondernemingen’. Zij zijn hiermee in staat om dagelijks weloverwogen beslissingen te nemen, waarmee bedrijfsdoelstellingen gerealiseerd worden en meetbare concurrentievoordelen bereikt worden. Meer dan 250.000 bedrijven, academische instituten, zorgaanbieders, marktonderzoeksbedrijven en overheidsinstellingen vertrouwen op de technologie van SPSS. SPSS is opgericht in 1968 en het hoofdkantoor is gevestigd in Chicago, Illinois. Meer informatie:
www.spss.nlSafe Harbor StatementIn addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including without limitation, statements regarding the Company’s expectations, beliefs, intentions or future strategies that are signified by the words “expects,” “anticipates,” “intends,” “believes,” “estimates” or similar language. All forward-looking statements included in this document are based on information available to the Company on the date hereof. The Company cautions investors that its business and financial performance and the matters described in these forward-looking statements are subject to substantial risks and uncertainties. Because of these risks and uncertainties, some of which may not be currently ascertainable and many of which are beyond the Company’s control, actual results could differ materially from those expressed in or implied by the forward-looking statements. The potential risks and uncertainties that could cause results to differ materially include, but are not limited to: the Company’s ability to predict revenue, the Company’s ability to respond to rapid technological changes, a potential loss of relationships with third parties from whom the Company licenses certain software, fluctuations in currency exchange rates, the impact of new accounting pronouncements, increased competition and risks associated with product performance and market acceptance of new products. A detailed discussion of other risk factors that affect the Company’s business is contained in the Company’s Annual Reports on Form 10-K, particularly under the heading “Risk Factors.” The Company does not intend to update these forward-looking statements to reflect actual future events.
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