, a provider of customer care and billing systems for communications and IP service providers, reported first-quarter earnings that beat analysts' estimates by a penny.
The company said excluding acquisition charges, income rose to $61.1 million, or 27 cents a share, from $37.9 million, or 18 cents a share, in the year-ago period. According to
First Call/Thomson Financial
, analysts expected the company to earn 26 cents for the quarter.
Revenue in the first quarter rose 45.3% to $342.2 million from $235.5 million.