Briefs

High-end analytics and data mining software provider SPSS Inc is enjoying strong revenue growth for its data mining tools and applications for market research.

But a financial cloud hangs over the company and any detailed analysis of the company's performance will have to await a restatement of the company's figures from 2001 to 2003 after the discovery of "anomalies" relating to deferred revenue recognition.

Preliminary figures for the first quarter to March 31 show net income of $1.9m, 44.1% above the previously released figure for last year and on the same basis revenue shows a 16.2% rise to $57m. SPSS says the internal rate of growth in new software licenses in the quarter was 26%.

The Chicago, Illinois company is sticking to its forecast that revenue for the year will be in the $220m to $230m range, up 4.7% to 9.5% on the released figure for last year but has trimmed back its forecast of earnings per share to a range of $0.70 to $0.80 from its previous estimate of $0.75 to $0.85.

SPSS is currently battling a delisting move by Nasdaq after failing to file its 10-K form for 2003 on time with the SEC.

Here is the rest of the story.