Operating income up 83% year-on-year at SPIT vendor
April 26, 2011
PARIS -- InfoVista (Euronext:IFV - News), global leader of service performance assurance, today announced financial results for its third quarter, ended March 31, 2011.
Total revenues for the quarter were €11.6 million, compared to €10.6 million in the third quarter last year. Operating income was €1.0 million or 9% for the quarter, compared to €0.6 million or 5% a year ago. Net income reached €0.8 million for the quarter as compared to €0.7 million in the comparable quarter last year.
“Our third quarter performance demonstrated that InfoVista is clearly on the path of profitable growth. The 15% year-on-year growth in software revenues demonstrates the positive adoption by our customers of the innovation that we have recently launched on the market.
Maintenance revenues grew 9% year-on-year, which underscores the recurrence of solid business coming from our install base. Last but not least, the remarkable 83% year-on-year improvement in our operating income reveals the solid execution toward this financial objective,” said Philippe Ozanian, InfoVista’s CEO. “As a result, we continue to confirm our fiscal year 2011 objectives of providing €47 million of total revenues with at least 7% operating margin.”
InfoVista SA
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