License revenue fell 42%
Unica has reported a net loss of $4.05m for the first quarter 2009, compared to a loss of $0.42m in the year-ago quarter, on revenue down 8% at $26.09m. It attributed the decline to a fall in perpetual license revenue.
It made an operating loss of $2.44m compared to a loss of $1.57m in the same period last year, while the diluted net loss per share remained flat at $0.20. It had cash, cash equivalents, and investments of $46.5m compared to $50.3m a year earlier.
License revenue fell 42% to $6.46m, maintenance and services revenue grew 5% to $15.35m, and subscription revenue grew 57% to $4.27m.
Kevin Shone, CFO at Unica, said: While the challenging macro-economic environment has impacted Unica’s top-line performance, the company executed well in managing its operating expenses during the first quarter, which were down sequentially and year-over-year. We will continue to invest in areas with the greatest growth potential, in part by reallocating resources from other areas of our business when appropriate. The company’s goal is to deliver full year non-GAAP operating income that is consistent with the prior year period. In addition, we continue to have a strong balance sheet and are targeting positive operating cash flow for the full fiscal year.