Versant Corp. reports Q3 results above last years
Specialized data management company Versant Corp. (Nasdaq: VSNT) reported financial results for its third fiscal quarter above year-ago results after the close.
For the three months ended July 31, the Redwood City, Calif.-based company reported net income of $1.9 million, or $0.52 per and diluted share, compared with net income of $1.0 million, or $0.28 per diluted share, for the third quarter last year.
Versant’s revenues increased approximately 40% to $5.2 million from $3.8 million for the third quarter of 2006.
License revenues increased 51% from $1.9 million in the third quarter of 2006 to $2.9 million in the third quarter of 2007. Maintenance revenues increased 29% from $1.7 million in the third quarter of 2006 to $2.2 million in the third quarter of 2007.
Shares of Versant rose $1.13, or 4.93%, to $24.00 in after-hours trading.
