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Datawatch's CEO Discusses F2Q12 Results - Earnings Call Transcript

Before we begin, I’d like to review our Safe Harbor statement with you. While we do not share projections in regards to performance, we do need to remind you that any statements we make that do not describe historical facts may constitute forward-looking statements and are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such statements are based on our current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations.

For more information, I refer you to descriptions of these risk factors found in our earnings release as well as the company’s annual report on Form 10-K for the year ended September 30, 2011, our quarterly report on 10-Q for the quarter ended December 31, 2011, and other publically available documents filed with the SEC. Any forward-looking statements should be considered in light of those factors.

I will now turn the call over to Murray for a discussion of our financial results.

Murray Fish

Thank you, Dan. Good afternoon. For those of you who may have not seen our results released earlier today, our total revenues for the second quarter of fiscal year 2012 were 6.55 million as compared to 4.45 million for the second quarter of fiscal year 2011.

Revenue increased 2.09 million, or 47% quarter over quarter. For the second quarter of fiscal year 2012, revenues from licenses were 4.27 million as compared to 2.55 million for the second quarter of fiscal year 2011.

For the second quarter of fiscal year 2012, revenues from Maintenance were 1.86 million as compared to 1.5 million for the second quarter of fiscal year 2011.

In the second quarter of fiscal year 2012, revenues from services were 0.41 million as compared to 0.40 million for the second quarter of fiscal year 2011. The net income for the second quarter fiscal year 2012 was 160,000, or $0.02 per diluted share as compared to a net loss of 511,000 or negative $0.09 per diluted share for the second quarter of fiscal year 2011.

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