, an anti-piracy software maker, surged 13% Wednesday after posting a stronger-than-expected first quarter.
The Santa Clara, Calif.-based, company earned $2.9 million, or 6 cents a share, for the quarter, compared with $5.5 million, or 11 cents a share, a year ago. Adjusted for items, the company earned 25 cents a share in the latest quarter. Analysts polled by Thomson First Call were estimating earnings of 18 cents a share in the most recent quarter.
First-quarter revenue rose 11.3% from a year ago to $57 million.
The company expects to earn 20 cents a share to 22 cents a share on revenue of $54 million to $56 million for the second quarter of 2006 and $1.03 a share to $1.07 a share on revenue of $239 million to $249 million for 2006. Analysts are estimating earnings of 19 cents a share on revenue of $54.76 million for the second quarter and earnings of 95 cents a share on revenue of $237.16 million for 2006.
Operating profit margin declined 160 basis points to 13.4%. Net profit margins for the quarter declined 560 basis points to 5.1%, due to higher taxes and interest expenses.
"We are pleased to be able to report record first quarter revenues and pro forma profits for our business," the company said. "We have seen significant progress with customer acceptance of our transformation in extending our capability in content security and licensing to digital distribution, commerce and hardware licensing."
Shares rose $2.89 to $25.56.
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