Spescom Software Inc, the US operation of JSE listed Spescom Limited, has released its second quarter financial results for the period ending 31 March 2006.
Revenue for this period totalled $2.06 million. This represents an increase of 23% when compared to the $1.67 million for the same period last year. Returns are also up by 12% on the first quarter 2006, which were previously reported at $1.83 million.
Net loss at $102 000 has dropped when compared with the $508 000 for the same quarter last year.
Spescom Software CEO, Keith Stentiford, says the company's turnaround has continued to be apparent in the second quarter with an increase in revenue over both the first quarter 2006 and the prior year quarter.
"We reduced our operating loss to virtually breakeven. The continued improvement in licence sales, with an increase in revenue over the comparable period in 2005, is very encouraging. It also demonstrates a growing acceptance of our software products in the marketplace.
"We have sustained our success in the utilities marketplace during the second quarter with contract awards from JEA in Florida and Ameren in Missouri.
"Also this period reflects the progress being made with regards to our focus on indirect channels to market. This is evidenced by the conclusion of a partner agreement with DocQnet International which has installed solutions at South African Airways and SA's Gauteng Provincial Department of Transport," concludes Stentiford.
Share
Spescom, a Proudly South African company, is a multinational technology innovator with direct operations in the US, UK and South Africa.
The group is publicly listed on the JSE Limited (Spescom Ltd).
Spescom is an information and communications technology company focused on the various aspects of enterprise content management.
The group provides products and solutions to connect to the network economy, as well as enterprise software to manage information and knowledge.
Specifically, Spescom supplies solutions in the areas of access network, enterprise information management, multimedia transaction recording, broadcast and customer contact centres.
Spescom markets its products worldwide through appointed partners and distributors under the eB brand for its enterprise software, and the DataVoice brand for its multimedia transaction recording solutions.
eB is sold internationally by US-based Spescom Software Inc.
Spescom's global customer base consists of multinational organisations including leading enterprises in the utilities, telecommunications, transportation, financial, banking and insurance sectors.
Worldwide, customers include Eskom, Blake & Associates, Nedcore, Auto & General, IBM, First National Bank, Wesbank, Cell C, Old Mutual, Direct Axis, ICG, Siemens, National Bank of Dubai, Telecom Austria, Lloyds TSB, National Bank of Kuwait, Dubai Police, WHSmith, Network Rail (Railtrack); City of Lancaster,Aker Kvaenrner, Bechtel, Pan American Energy, Lloyds Register, Caterpillar, Colorado Springs Utilities, Entergy, Ameren UE, Constellation Energy Group, Seabrook, Telkom SA, Vodacom, MTN, Grintek & Econet.
For more information on Spescom, please visit www.spescomsoftware.com and www.spescom.com.
Editorial contacts