said earnings rose in the first quarter as its DVD copy protection technology caught on and its customer base for enterprise software grew.
The Santa Clara, Calif., company earned $6.9 million, or 14 cents a share, on sales of $28.1 million in the latest period, compared with earnings of $3.0 million, or 6 cents a share, on sales of $23.7 million, last year. Pro forma to exclude amortization and noncash compensation expenses, the company earned $8.2 million, or 17 cents a share, in the latest quarter, slightly better than analysts were forecasting.
Looking ahead, the company baked second quarter revenue guidance of $26 million to $28 million, and pro forma EPS guidance of 15 cents or 16 cents. For all of 2003, the company expects revenue of $107 million to $112 million, and pro forma EPS of 74 cents to 76 cents.
The shares closed Monday at $16.23, up 26 cents.