(Nasdaq:JCDA) today reported the thirteenth consecutive quarter of record revenue growth.
Revenue for the first quarter was up 62% to $7.8 million, compared to $4.8 million in the same period last year.
Software license revenue for the first quarter increased 30% to $4.0 million, compared with $3.1 million in the comparable quarter of 2000, and service and maintenance revenue increased 118% to $3.8 million, compared to $1.7 million in the same period last year.
Gross profit for the quarter increased by 67% to $6.0 million, compared to $3.6 million in first quarter 2000.
Excluding a charge related to an arbitration decision, net income for the quarter was $163,000 or $0.01 per share, compared to net income of $245,000, or $0.01 per share, in the first quarter of 2000.
Including the arbitration charge of $417,000, the company reported a net loss of $254,000 or 1 cent per share for the first quarter of 2001.