InfoVista Reports Q2InfoVista Reports Q2

Total revenues in the second quarter rose 14% to €11.3 million. License revenues increased 8% year-on-year to €6.1 million, or 54% of total revenues. Service revenues went up by 22% to €5.2 million.

For the first six months of fiscal 2007, total revenues increased by 8% year-on-year to €20.5 million. License revenues stood at €10.2 million which represents 50% of total revenues, while service revenues increased by 22% to €10.3 million.

Gross margin in the second quarter improved to 82.0% of total revenues, as compared to 80.9% in the comparable quarter of the previous year. This good performance resulted from the continuous improvement of the profitability of our services activities.

Second quarter operating expenses totaled €8.9 million as compared to €8.0 million in the comparable period last year. The increase was primarily due to additional personnel expenses at all operating lines for €0.6 million. We also recorded additional costs of €0.3 million in general and administration expenses associated with legal fees and consulting fees related to the implementation of section 404 of the Sarbanes Oxley Act, as well as a provision for bad debt.

Total headcount at the end of December, 2006 stood at 223 employees, as compared to 214 employees a year ago

Net income for the second quarter improved to €0.5 million as compared to €0.1 million in Q2 of the previous year.