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Datawatch Corporation CEO Discusses F3Q11 Results - Earnings Call Transcript

We ended the quarter with $8.26 million in cash and investments, which was up 17% from $7.05 million at the end of our last fiscal year.

I will now turn it over to Murray to give you more details on our financial results.

Murray Fish

Thank you, Michael. Good afternoon. For those of you who may have not seen our results released earlier today, our total revenues for the third quarter fiscal year 2011 of $4.41 million as compared to $4.9 million for the third quarter of fiscal year 2010.

Revenue decreased $180,000 or 4% quarter over quarter. The third quarter of fiscal year 2011, revenues from licenses were $2.4 million as compared to $2.46 million for the third quarter of fiscal year 2010. As a percentage of revenue software license revenue accounted for 54% of revenue for both the third quarter of fiscal year 2011 and 2010.

For the third quarter of fiscal year 2011, revenues from maintenance and services were $2.01 million as compared to $2.13 million for the third quarter of fiscal year 2010. As a percentage of revenue, maintenance and services accounted for 46% of revenues for both the third quarter of fiscal year 2011 and 2010.

Report analytic solutions, report management on demand solutions, and business service management solution product revenues were 79%, 13%, and 8% of total revenues for the third quarter of fiscal year 2011 as compared to 70%, 21%, and 9% for the third quarter of fiscal year 2010.

Domestic revenues and international revenues were 76% and 24% of total revenues for the third quarter of fiscal year 2011 and were 75% and 25% of total revenues for third quarter of fiscal year 2010.

Gross margin for software licenses were 78% for the third quarter fiscal year 2011 as compared to 76% for the third quarter fiscal year 2010. Gross margins for maintenance and services was 67% for the third quarter of fiscal year 2011 and 66% for the third quarter of fiscal year 2010. Overall, total gross margins were 73% for the third quarter of fiscal year 2011 as compared to 71% for the third quarter of fiscal year 2010.

Read the rest of this transcript for free on seekingalpha.com

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