record first quarter revenues, increasing by 14.1% to $22.0 million, compared to $19.3 million in
the 2006 first quarter. Driven by a growing professional services team, larger engagements
and expanded service 9L0-509 offerings, consulting revenue was up significantly in the first quarter to a
record $32.7 million, an increase of 31.1% when compared to consulting revenues of $25.0
million in the 2006 first quarter. Maintenance revenue also experienced solid growth, with 94%
customer retention driving record maintenance revenues of $39.1 million, an 8% increase
compared to maintenance revenues of $36.2 million in the 2006 first quarter. Hardware and
other revenue for the first quarter was $7.5 million, up from $4.0 million in the prior year’s first
quarter.
First quarter GAAP net income was $4.4 million, or $0.08 per diluted share, compared to
$4.6 million, or $0.08 9L0-402 per diluted share in the 2006 first quarter. The 2007 first quarter tax rate
was 37.2%, benefiting from a larger mix of international revenue and profit. The Company’s
actual cash tax rate for the first quarter was approximately 11%. 2007 first quarter non-GAAP
earnings were $8.7 million, or $0.15 per diluted share, compared to non-GAAP earnings of $8.0
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