Software subscription and perpetual licenses revenue up 63% on year ago
Bridgeline Software, a developer of SaaS-based web application management software and interactive technology offerings, has reported revenue of $23.9m for the fiscal year 2009, an increase of 12% compared to $21.3m for the same period last year. Software subscription and perpetual licenses revenue rose by 63% to 1.4m.
For the fiscal year ended September 30, 2009, the company posted a gross profit of $13.4m, an increase of 22% compared to $10.9m for the same period last year. Operating income was $8,29,000 compared to operating loss of $10.3m.
The company posted a net income of $758000 for the fiscal 2009, compared to net loss of $10.3m for the same period last year. Basic earnings per share was $0.07 compared to loss per share of $1.09 last year.
Thomas Massie, chairman and CEO of Bridgeline, said: “Our web-based software combined with interactive technology solutions provide customers with enhanced sales opportunities, reduced administrative costs, and improved operational efficiencies. We are committed to building our recurring revenue business through the ongoing sales and development of our flagship product iAPPS.