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Mixed Results from Hyperion

Sales surge past estimates, but earnings fall short.

Hyperion Solutions


posted mixed results for its first quarter Thursday, with earnings coming in short of estimates despite a big rise in revenue.

For the quarter ended Sept. 30, Hyperion earned $11.9 million, or 20 cents a share, down from $13.3 million, or 22 cents a share, a year earlier. The results included a charge of 4 cents a share from a litigation settlement.

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Excluding certain items, earnings rose 2% to $20.2 million, or 35 cents a share. The results were a penny below Thomson First Call's mean analyst estimate, and at the low end of Hyperion's July forecast of 34 cents to 39 cents.

The company's top line, however, beat targets. Hyperion posted revenue of $198.5 million, up from $170.2 million last year. Analysts expected revenue of about $191 million, while the company's guidance called for revenue of $188 million to $193 million.

Software license revenue increased 13% to $68.1 million, while maintenance and services revenue grew 19% to $130.4 million.

For the second quarter, Hyperion forecast earnings of 41 cents to 45 cents a share, before items, and revenue of $210 million to $215 million. Analysts project earnings of 42 cents a share and revenue of $204 million.

Shares were trading down 82 cents, or 2.3%, to $35.50 in the after-hours session.