Datawatch Corporation Reports Results for Second Quarter Fiscal 2007 Monday April 30, 8:00 am ET Revenue Grows 18% and Net Income Grows 57%, Compared to the Same Six-Month Period Last Year
CHELMSFORD, Mass., April 30 /PRNewswire-FirstCall/ -- Datawatch Corporation (NASDAQ-CM: DWCH), a leader in Enterprise Information Management, today announced results for its second quarter and year-to-date fiscal 2007. Revenues for the quarter ended March 31, 2007 were $6,149,000, up by 14% when compared to $5,394,000 for the quarter ended March 31, 2006. Net income for the second quarter fiscal 2007 was $424,000 or $0.07 per diluted share, up 87% when compared to $227,000, or $0.04 per diluted share, for the second quarter fiscal 2006.
Revenues for the six months ended March 31, 2007 were $11,925,000, up by 18% when compared to $10,141,000 for the six months ended March 31, 2006. Net income for the six months ended March 31, 2007 was $458,000 or $0.08 per diluted share, up 57% when compared to $291,000 or $0.05 per diluted share, a year ago.
"We are pleased by the strong revenue growth in the second quarter, and year-to-date, when compared to the first half of fiscal year 2006," said President and CEO Robert Hagger. "We achieved revenue increases from most product lines this year-to-date, with the bulk of growth in the quarter and year-to-date coming from Datawatch|BDS, our Integrated Document Archive and Retrieval System (IDARS). As expected, Monarch desktop revenue was lower in both periods as we approached the release of a new version on February 27. Monarch revenue improved in the last month of the quarter following the introduction of version 9. There are clear signs that the company's strategic focus on the Enterprise Information Management (EIM) space is beginning to pay off," added Hagger.
Organizations are increasingly aware of the need to leverage all sources and types of information in the enterprise in order to make better business decisions and to meet today's strict compliance challenges. Datawatch's document archive and workflow capabilities, combined with its Monarch report and data mining analytic technology makes the Company uniquely positioned to deliver on the need for the right information in the right place at the right time.