Astea Reports Profitable First Quarter 2004 Results Wednesday May 12, 5:00 pm ET
HORSHAM, Pa., May 12 /PRNewswire-FirstCall/ -- Astea International Inc. (Nasdaq: ATEA - News), a global provider of service management solutions, today released financial results for the first quarter of 2004. For the quarter ended March 31, 2004, Astea reported revenues of $5.9 million compared to revenues of $4.0 million for the quarter ended March 31, 2003, a 48% increase. Net profit for the quarter was $1.5 million or $0.51 per share, compared to a net loss of $467,000 or $0.16 per share for the same period in 2003.
Software license fee revenues were up 183% to $2.9 million compared to $1.0 million for the same period in 2003. Overall, service and maintenance fees increased marginally by 1% to $3.0 million, and included a 9% increase in service and maintenance fees for the Astea Alliance product offering. International results were strong, with overall revenue of $1.5 million, a 9% increase over the same period of 2003.