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SPSS sees second quarter increase

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30th Jul 2008
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SPSS has turned in second quarter revenues of $75.7 million, an increase of 10% from $68.9 million in the second quarter of 2007. Net income was $7.8 million, up 9% from $7.2 million in the second quarter last year.

“While facing a challenging global economic environment, we continued to realise 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.

"Licence growth was strongest in the United States, up 9%, and in the United Kingdom, up 28%, 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. Our sales in Northern Europe were hampered, in part, by the lack of sales capacity. In response, we are relocating our Netherlands inside sales office to a more centrally located city. The ramp up of this office is scheduled to be completed by the end of the third quarter.”

“In this difficult global economy, especially outside of the US, all factors considered, SPSS delivered revenue and earnings for the second quarter and six month period within our guidance, and remains on target to deliver previously expected 2008 full year results,” said chief financial officer Raymond Panza. “During the second half of the year, our focus will continue to be on delivering long-term shareholder value through financial and operational discipline, and for improving productivity measures in every aspect of our business.”

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