SPSS GmbH Software

Pressemeldung August 2008

SPSS Reports 2008 Second Quarter, First Half Results

CHICAGO--SPSS Inc. (Nasdaq: SPSS) - a global provider of Predictive Analytics software and solutions, today announced results for the quarter and six months ended June 30, 2008.

The Company reported second quarter revenues of $75.7 million, an increase of 10 percent from $68.9 million in the second quarter of 2007. Net income was $7.8 million, up 9 percent from $7.2 million in the second quarter last year, with diluted earnings per share (EPS) of $0.41, a 14 percent increase from $0.36 in the 2007 second quarter. License revenues were $34.8 million, up 8 percent from $32.4 million in the same quarter last year. Operating income was $10.9 million, or 14 percent of revenues, compared to $10.2 million, or 15 percent of revenues, in the 2007 second quarter. Charges for share-based compensation were $0.08 per share in the second quarter of both 2008 and 2007. Approximately 60 percent of total revenues in the 2008 second quarter came from outside the United States. Excluding the effects of currency exchange rates, total revenues were up 3 percent over the 2007 second quarter.

“While facing a challenging global economic environment, we continued to realize both top- and bottom-line growth,” said Jack Noonan, SPSS chairman, president and CEO. “The breadth of our product offerings, the range of transaction pricing, our diverse customer base and geographic markets contributed to an ability to sustain our financial performance in a weaker economy.”

Noonan continued, “License growth was strongest in the United States, up 9 percent, and in the United Kingdom, up 28 percent, net of currency. These increases occurred most notably with our data mining and data capture technologies. Growth in services revenues was also solid, reflecting a steadily increasing number of consulting and training engagements.”

Revenues for the six months ended June 30, 2008, totaled $153.9 million, an increase of 11 percent from $139.1 million for the same period in 2007. Net income was $17.7 million, up 15 percent from $15.3 million in the first six months of 2007, with EPS of $0.92, a 23 percent increase from $0.75 in the 2007 six-month period. License revenues were $73.2 million, up 9 percent from $67.3 million in the same period last year. Operating income was $24.8 million, or 16 percent of revenues, from $22.3 million, or 16 percent of revenues, in the 2007 six-month period. Charges for share-based compensation were $0.14 per share in the first six month periods of both 2008 and 2007. The effective income tax rate in the 2008 six-month period was 36 percent, compared to 37 percent in the same period last year.

At June 30, 2008, cash and cash equivalents totaled $306.0 million. The Company generated $14.6 million in cash from operations in the 2008 second quarter, up from $13.4 million in the same quarter last year. Cash provided by operating activities in the first six months of 2008 was $28.8 million after the payment of $7.4 million of a year-end 2007 accrued payable related to the Company’s share repurchase program, compared to $34.7 million for the same period in 2007.

Outlook and Guidance

“While underperformance in Northern Europe and Asia, combined with higher investments in marketing, affected our profitability in the quarter, the operating margin for the six-month period remained unchanged from a year ago at 16 percent,” said Raymond Panza, SPSS executive vice president and CFO. “Although we expect to realize the benefits from our investments in marketing, we are focused on managing expenses for the remainder of the year.”

Panza added, “In the 2008 third quarter, we expect revenues of between $74.0 million and $78.0 million, with EPS in the range of $0.42 to $0.48. For the 2008 full year, we reiterate our revenue guidance of between $310.0 million and $320.0 million and EPS in the range of $1.90 to $2.00. EPS guidance for the third quarter and 2008 full year assumes charges for share-based compensation of $0.06 and $0.26, respectively, and an effective income tax rate of 36 percent.”