DALLAS--Feb. 18, 2004-- Docucorp International, a leading provider of enterprise information solutions, today announced revenues of $19.6 million for the second quarter of fiscal year 2004. Revenues for the second quarter increased 13 percent as compared to revenues of $17.4 million for the second quarter of the prior year. The company reported net income of $1.6 million, or $0.14 per diluted share, for the second quarter of fiscal year 2004 compared to net income of $681,000, or $0.05 per diluted share, for the same period a year ago.
Compared to the second quarter of the prior fiscal year, software license revenue increased 208 percent to $3.1 million, ASP revenue increased seven percent to $6.1 million and maintenance revenue increased four percent to $5.4 million. Professional services revenue decreased eight percent to $5.0 million.
For the six months ended January 31, 2004, revenues increased to $38.5 million compared to $35.5 million for the same period of fiscal year 2003. Net income for the first six months of fiscal year 2004 was $3.1 million, or $0.27 per diluted share, compared to $1.9 million, or $0.13 per diluted share, for the first six months of fiscal year 2003.
"Software license sales have improved in both North America and Europe as we continue to work hard in a more stabilized marketplace," said Michael D. Andereck, president and chief executive officer, Docucorp International. "Although weaker license sales in fiscal 2003 have negatively impacted professional services revenue in our current fiscal year, the diversity of our revenue streams has contributed to overall revenue growth. Revenue growth, improved operating margin and substantial prior year stock repurchases have resulted in record earnings per share for the second consecutive quarter."
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