Astea International Inc. (
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Astea International Inc. (
For the quarter ended December 31, 2009, Astea reported revenues of $5.6 million which was 5% less than revenues of $5.9 million for the same period in 2008. Net income to shareholders for the quarter was $.37 million or $.10 per share, compared to a net income to shareholders of $.3 million or $.09 per share for the same period in 2008. Software license fee revenues were $1.6 million, 28% higher than the same period in 2008. Service and maintenance revenues were $4.0 compared to $4.6 million for the same period in 2008.
For the 2009 fiscal year, the Company reported revenues of $20.1 million and a net loss to shareholders of $1.2 million or ($.33) per share, compared to revenues of $23.9 million and a net loss to shareholders of $3.2 million or ($.90) per share for the 2008 fiscal year. License revenues decreased to $2.7 million from $3.3 million in 2008. Service and maintenance revenues were $17.4 million compared to $20.6 million in 2008.
About Astea International:
Astea International Inc. develops, markets, and supports service management software solutions worldwide. It licenses its solutions to various companies that sell and service equipment, and/or sell and deliver professional services. The company offers Astea Alliance suite, which consists of series of applications that address lead generation, project quotation, service and billing, and asset retirement services. It integrates and optimizes business processes for campaigns, call center, depot repair, field service, logistics, projects, and sales and order processing; and provides mobile, dynamic scheduling, portals, business intelligence, tools, and services solutions, as well as offers infrastructure tools and services. In addition, the company provides FieldCentrix Enterprise suite, a service management solution that runs on various mobile devices, including handheld computers, laptops and PCs, and pocket PC devices. Further, Astea provides consulting, training, and customer support services to implement its products and integrate with other corporate systems, such as back-office financial and ERP applications. Its solutions are used in various industries, including information technology, medical devices and diagnostic systems, industrial controls and instrumentation, retail systems, office automation, imaging systems, facilities management, telecommunications, and other industries with equipment sales and service requirements. Astea International markets its products through a network of direct and indirect sales and services offices, as well as through value-added resellers, system integrators, sales agents, and original equipment manufacturer partners. The company was formerly known as Applied System Technologies, Inc. and changed its name to Astea International Inc. 1992. The company was founded in 1979 and is headquartered in Horsham, Pennsylvania.
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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