This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Astea Reports Profitable Third Quarter 2011 Results

HORSHAM, Pa., Nov. 14, 2011 /PRNewswire/ -- Astea International Inc. (NASDAQ: ATEA), a global provider of service lifecycle management and mobility solutions, today released financial results for the third quarter of 2011.

For the quarter ended September 30, 2011, Astea reported revenues of $6.6 million which were 32% greater than revenues of $5.0 million for the same period in 2010.  Net profit available to shareholders for the quarter was $0.2 million or $0.05 per share, compared to a net loss of $0.6 million or ($0.16) per share for the same period in 2010.  Software license revenues of $1.7 million were 143% higher than revenues of $0.7 million for the same period in 2010.  Service and maintenance revenues of $4.9 million were 14% higher when compared to revenues of $4.3 million for the same period in 2010. 

"We are very pleased to report a second profitable quarter this year, which is a result of our continuous product innovation, strong sales execution, and domain expertise unmatched in the service management industry. We successfully signed some very significant deals this quarter and our professional services backlog is very strong. Additionally, our year-to-date revenue is 38% greater compared to the same period last year and our year-to-date license revenues are 113% greater compared to the same period last year," stated Zack Bergreen, CEO of Astea International. "In Q2 2011 we announced our new HTML5 mobility solutions and support for Android smartphones and tablets, iPhones, and iPads. We have already begun deployments and the feedback has been very positive. Both customers and prospects are pleased that we have leveraged our extensive experience in developing mobile solutions to bring a fresh and innovative approach to the market. Additionally, we are proud to be recognized as a Visionary in Gartner's 2011 Field Service Management Magic Quadrant which demonstrates our experience and commitment to meeting the dynamic needs of service organizations around the world."

  • Astea attained an impressive set of new customers around the globe; In Australia, Astea signed one of Australia's leading IT services companies that provides end-to-end integrated technology solutions; In North America, Astea signed a leading provider of technology and business solutions for road safety camera and electronic toll enforcement programs worldwide; In Japan, Astea sold licenses to a leading manufacturer of monochrome and color printers.
  • Astea successfully sold additional licenses as well as professional services work for further international expansion into Europe and Asia Pacific for one of their existing customers currently leveraging Astea Alliance in their North American service operations.
  • This quarter Astea also sold additional licenses to existing customers for both the Astea Alliance and FieldCentrix solutions, as customers continued to expand configurations and deploy additional users and modules.  
  • Astea positioned in the Visionaries Quadrant in Gartner's 2011 Field Service Management Magic Quadrant. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors compare against criteria for that marketplace, as defined by Gartner.
  • Astea announced a partnership with SOTI to offer remote device management as part of Astea's industry leading mobility solution suite. SOTI MobiControl allows companies to manage, support and secure their mobile field force regardless of the devices used in the field. With this joint solution companies can eliminate the complexities associated with managing and deploying various types of mobile devices as well as ensuring that both corporate and employee-owned devices are secure.

Astea will host a conference call that will be broadcast live over the Internet on Friday, November 18, 2011 at 11:00 AM ET to discuss the Company's third quarter financial results. Investors can access the call from the Company's Web site at  For those who cannot listen to the live broadcast, a replay will be available shortly after the call.

About Astea International

Astea International (NASDAQ: ATEA) is a global provider of software solutions that offer all the cornerstones of service lifecycle management, including customer management, service management, asset management, forward and reverse logistics management and mobile workforce management and optimization. Astea's solutions link processes, people, parts, and data to empower companies and provide the agility they need to achieve sustainable value in less time, and successfully compete in a global economy. Since 1979, Astea has been helping more than 600 companies drive even higher levels of customer satisfaction with faster response times and proactive communication, creating a seamless, consistent and highly personalized experience at every customer relationship touch point.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs