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Astea Reports Full Year 2012 And Profitable Fourth Quarter Results

Stocks in this article: ATEA

HORSHAM, Pa., March 27, 2013 /PRNewswire/ -- Astea International Inc. (NASDAQ:ATEA), a global provider of service lifecycle management and mobility solutions, today released its fourth quarter and year-end financial results for fiscal 2012.

For the quarter ended December 31, 2012, Astea reported revenues of $6.5 million compared to revenues of $6.9 million for the same period in 2011.  Net income available to shareholders for the quarter was $582,000 or $.16 per share, compared to net income available to shareholders of $480,000 or $.13 per share for the same period in 2011.  Software license revenues were $1.8 million compared to $1.7 million for the same period in 2011.  Service and maintenance revenues were $4.7 million compared to $5.3 million for the same period in 2011. 

For the 2012 fiscal year, the Company reported revenues of $26.4 million compared to revenues of $26.6 million for the same period in 2011. The net loss available to shareholders was ($538,000) or ($.15) per share in 2012, compared to a net income to shareholders of $373,000 or $.10 per share for the same period in 2011.  Software license revenues were $4.8 million compared to $6.7 million for the same period in 2011. Service and maintenance revenues were $21.6 million compared to $19.9 million for the same period in 2011.

"We are pleased to report a profitable fourth quarter which was marked with the addition of new customers as well as existing customers adding licenses to further expand their deployments. Companies are adopting and increasing their Astea deployments because of our product's unmatched ability to help them rapidly elevate the customer experience and intelligently optimize operations," commented Zack Bergreen, chairman and CEO of Astea International. "Our value proposition continues to resonate with companies around the world wanting to standardize and transform the delivery of service."

Bergreen added, "After the recent launch of Astea ServiceVision, our cloud solution targeting small-to-mid-size businesses, we are excited to report that we have already signed on new customers. Our longevity and proven success in the service management market is a differentiator for organizations that select Astea ServiceVision, because they know they are getting a proven solution with rich functionality, at an affordable price, from a trusted provider. Additionally, we are also experiencing elevated activity for our Astea Alliance enterprise solution, delivered via the cloud, and we anticipate an increased buying shift towards this software delivery model moving forward. We believe that with our industry leading technology and strong momentum in the marketplace, we are well positioned to capitalize on this trend and expand our market share and drive increased revenues for 2013."

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