E-business infrastructure software provider
(Nasdaq:JCDA) Ltd. (Nasdaq: JCDA) reported a 77% hop in fourth-quarter revenue to $7.8 million, 77% higher than the $4.4 million reported in the fourth quarter of 1999.
Jacada President Mike Potts said the fourth quarter of 2000 was the company's twelfth consecutive quarter of revenue growth, its seventh consecutive quarter of positive earnings, and a record year in terms of total revenue and earnings.
Potts added that Jacada expects the growth in revenues to continue throughout 2001, with a continued improvement in bottom-line performance.
Gross profit for the fourth quarter was $6.1 million, or 78% of revenue, was 77% higher than gross profit of $3.4 million, or 78% of revenue, reported in the same period a year ago.
Net income for the quarter was $329,000, or 2 cents per share, compared to a net income of $382,000, or 2 cents per share, in the fourth quarter of 1999.
For 2000, Jacada recorded record revenue of $25.1 million, 72% higher than the $14.6 million reported in 1999. Gross profit for 2000 increased 71% to $19.2 million, or 76% of revenue, from $11.2 million, or 77% of revenue, in 1999. Net profit for the year was $777,000, or 4 cents per share, compared to a net loss of $6,000, or zero per share, in 1999.
During the fourth quarter Jacada added significant customers, including Caterpillar, U.S. Department of Labor, and Washington Mutual.
Potts stated that with an estimated 70% of the world's data still residing on mainframe computer systems, the company looks forward to continued growth in both the software licensing and service and maintenance segments of its business.