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COPYRIGHT 2006 Business Wire
WALTHAM, Mass. -- Unica([R]) Corporation (Nasdaq: UNCA), a leading global provider of Enterprise Marketing Management (EMM) solutions, today announced financial results for its fiscal fourth quarter and full year ended September 30, 2006.
For the fourth quarter of fiscal 2006, Unica reported record total revenue of $24.3 million, an increase of 41% compared with the fourth quarter of fiscal 2005. License revenue increased 52% to $12.1 million and maintenance and services revenue increased 31% to $12.1 million, compared to the prior year quarter. For the fourth quarter of fiscal 2006, maintenance revenue was $9.0 million, an increase of 33% from the prior year quarter, and services revenue was $3.1 million, an increase of 27% from the prior year quarter.
Yuchun Lee, chief executive officer of Unica Corporation, stated, "During the fourth quarter, our better than expected license and total revenue growth was driven by the growing adoption of our end-to-end EMM suite. Unica is able to deliver a compelling value proposition to our customers, and this was reflected in numerous large commitments made to our technology in the fourth quarter, particularly in the financial services sector.
Lee added, "As we enter fiscal 2007, we are very excited by the growing demand for and awareness of the EMM market. We believe EMM is in the early stage of market penetration, and we plan to continue to invest in the business throughout fiscal 2007 to grow our top line and extend our leadership position in order to take advantage of the large opportunity in front of us."
For the fourth quarter of fiscal 2006, Unica reported income from operations, in accordance with generally accepted accounting principles (GAAP), of $472,000. GAAP income from operations includes $987,000 of non-cash share compensation expense and $669,000 of amortization of acquired intangibles. GAAP net income for the fiscal fourth quarter of 2006 was $770,000, compared to GAAP net income of $1.7 million in the same period last year. GAAP diluted net income per share for the fourth quarter of 2006 was $0.04, compared to a loss of $0.15 per share in the same period last year.
For the fourth quarter of fiscal 2006, non-GAAP income from operations, which excludes non-cash share compensation expense and amortization of acquired intangibles, was $2.1 million. Of note, non-GAAP income from operations included $255,000 in restructuring charges associated with the company's operations in France. Based on a 37% non-GAAP effective tax rate, non-GAAP net income was $1.7 million in the fourth quarter of fiscal 2006, compared to non-GAAP net income of $1.8 million for the same period last year. Non-GAAP diluted earnings per share were $0.08 in the fourth quarter of fiscal 2006....
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