Cistera Networks Third Quarter Revenue Up 30%, Profit Up 800%
February 03 2011 - 3:50PM
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 December 31st, 2010 (all figures in U.S. dollars and U.S.
GAAP except EBITDA).
Net income for the quarter was $0.399 million, or $0.02 per
share, compared with $0.038 million income or $0.01 per share, for
the same quarter last year. Nine months to December 31st 2010 net
income is $0.453 million up from a loss of $0.052 million in the
corresponding period 2009.
Revenue for the third quarter of fiscal 2011 was $0.749 million,
up 30% from $0.57 million from the same quarter of last year.
Revenue for the nine-month period ending December 31st, 2010 is
$1.97 million up from $1.87 million or 11% for the nine-month
period ending December 31st, 2009.
"The company continues to make good progress despite a difficult
trading environment. We have signed a number of significant deals
in the Federal and Financial Services markets," says Cistera CEO
Greg Royal. "We expect the full year revenue and income to be
significantly up from last 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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