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UNIFY REPORTS FOURTH QUARTER AND FISCAL 2009 RESULTS
- Fiscal 2009 Net Income of $2.4 Million; EPS of $0.32
- Fiscal 2009 Non-GAAP Net Income of $3.7 Million, or $0.49 Per Share
- Cash and Cash Equivalents at $6.1 Million
- Generated Operating Cash Flow of $3.8 Million in Fiscal 2009
ROSEVILLE, Calif., July 1, 2009 Unify Corp. (NASDAQ: UNFY), a global provider of application development, data management, migration and integrated content archiving solutions, today announced financial results for its fourth quarter and full year ended April 30, 2009.
Fiscal Fourth Quarter Financial Results:
The Company reported total revenue for the fourth quarter of fiscal 2009 of $4.6 million, compared to $5.1 million in the fourth quarter of fiscal 2008. Software license revenue was $1.2 million, compared to $2.1 million in the fourth quarter of fiscal 2008. Services revenue was $2.8 million, compared to $2.8 million in the year ago quarter. Migration solutions revenue was $586,000, compared to $136,000 in the same quarter last year.
Gross margin for the fourth quarter was 89%, consistent with the fourth quarter of fiscal 2008. Income from operations was $139,000, compared to income from operations of $245,000 for the fourth quarter last year.
Net income was $189,000, or $0.03 per diluted share, compared to net income of $77,000, or $0.01 per share in the fourth quarter of fiscal 2008. Non-GAAP net income for the quarter was $513,000, or $0.07 per diluted share, compared to non-GAAP net income of $606,000, or $0.08 per share in the same quarter of last year.
The Company achieved positive cash flow from operations of $1.8 million in the fourth quarter. Fully diluted share count used for GAAP and non-GAAP earnings per share calculations was 7.2 million shares in the fourth quarter of fiscal 2009.
Fiscal 2009 Financial Results:
Total revenue for fiscal 2009 was $20.6 million, compared to $19.8 million in fiscal 2008. Software license revenue was $6.4 million, compared to $8.5 million last year. Services revenue was $11.7 million, compared to $11.0 million in fiscal 2008. Migration solutions revenue was $2.5 million, compared to $309,000 in the prior year.
The following information was filed by Daegis Inc. (DAEG) on Thursday, July 2, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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