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Acceptance of SPSS 14.0 helps fourth-quarter revenue reach $62.2 million, up from $60.5 million in the same period last year.
SPSS, a Chicago-based maker of predictive analytics software, turned in sales and profits numbers for the fourth quarter of 2005 that surpassed its performance for the same period last year and beat Wall Street's forecasts for the firm.
The company reported earnings of $5.9 million on sales of $62.2 million in the most recent quarter, compared with a profit of $3.6 million on a topline of $60.5 million in the comparable quarter from 2004. Earnings beat equity analysts' estimates by more than 10 percent.
"There is mounting evidence that the future will involve a larger role for predictive analytics in enterprise IT implementations," said SPSS CEO Jack Noonan in a statement. "SPSS is prepared to meet this demand with technology that easily scales from the desktop to the enterprise while providing increasing returns on investment for customers using our products in mission-critical applications."
SPSS expects sales for 2006 to enter a range of between $248 million and $254 million, which exceeds Wall Street analysts' previous revenue forecasts.
The company credited part of its performance to successful launches of two products in particular: SPSS 14.0, an updated version of its flagship statistical software, and SPSS Statistical Services for Microsoft SQL Server 2005, an analytical package designed to integrate easily with Windows Server System products.
SPSS signed new fourth-quarter deals with ABN AMRO, Banco Popular North America, the City of New York, the Navy Federal Credit Union, and Texas A&M University, among others. Slightly more than half of SPSS' business comes from outside the United States, a trend the company said it expects to see continue in 2006.
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