Cistera Networks Delivers Second Quarter Profit Up 40%
November 05 2010 - 6:28PM
Marketwired
Cistera Networks® (PINKSHEETS: CNWT), a leading provider of
enterprise application platforms and engines for unified
communications, announces reported results for the three months
ended September 30th, 2010 (all figures in U.S. dollars and U.S.
GAAP except EBITDA).
Net income for the quarter was $0.142 million, or $0.01 per
share, compared with $0.106 million income or $0.01 per share, for
the same quarter last year. Six month to September 30, 2010 net
income is $0.116 million up from a loss of $0.09 million in the
corresponding period 2009.
Revenue for the second quarter of fiscal 2011 was $0.577
million, down from $0.75 million from the same quarter of last
year. Revenue for the six-month period ending September 30, 2010 is
$1.22 million up from $1.2 million for the six-month period ending
September 30, 2009.
"The company continues to make good progress in re-aligning the
business model, as well as restructuring the balance sheet," says
Cistera CEO Greg Royal. "We continue to have strong gross margins
and our expenses are under control despite a difficult on-going
trading environment. We have made further large inroads into
cutting debt this quarter and expect debt-restructuring to be
completed this financial year."
About Cistera Networks, Inc.
Cistera Networks is a leading provider of Event Alerting and
Notification application infrastructure for large-scale enterprises
and government public safety services. Cistera's award-winning
platform, the Cistera Convergence Server delivers the most
reliable, scalable and secure services for IP-centric notification
and reporting capability available today. Cistera is used by
organizations large and small including the United States
Government and many Fortune 500 companies. For more information,
please see http://www.cistera.com
This release may be deemed to contain forward-looking statements
that are subject to the safe harbor provisions of the Private
Litigation Reform Act of 1995. These forward-looking statements
include, among other things, statements regarding future events and
the future financial performance of Cistera Networks that involve
risks and uncertainties. Readers are cautioned that these
forward-looking statements are only predictions and may differ
materially from actual future events or results. Readers are
referred to the documents filed by Cistera Networks with the SEC,
specifically the most recent reports on Form 10-K and 10-Q, each as
it may be amended from time to time, which identify important risk
factors that could cause actual results to differ from those
contained in the forward-looking statements.
Media and Investor Contact: Cistera Networks Inc.
972-381-4699 x75003 Email Contact
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