Pervasive Software Quarterly Results, as of Dec 31, 2009

Company Reports 36th Consecutive Profitable Quarter, Initial Pervasive DataRush License Revenue Recognized

Company Reports 36th Consecutive Profitable Quarter, Initial Pervasive DataRush License Revenue Recognized

AUSTIN, Texas--(BUSINESS WIRE)--Pervasive Software� Inc. (NASDAQ:PVSW), a global value leader in embeddable data management and data integration software and in enabling next generation analytics, today announced financial results for the second quarter ending December 31, 2009.

For the second quarter ended December 31, 2009:

Revenue was $11.6 million, an increase of 4% compared to $11.2 million for the second quarter of last fiscal year.
Net income was $1.0 million, or $0.06 diluted earnings per share, compared to net income of $1.2 million, or $0.06 diluted earnings per share, for the second quarter of last fiscal year.
On a non-GAAP basis, as described below, Pervasive realized net income of $1.3 million, or $0.07 diluted earnings per share, compared to net income of $1.3 million, or $0.07 diluted earnings per share, in the second quarter of last fiscal year. Non-GAAP results exclude amortization of purchased intangibles and stock-based compensation expense, and assume a non-GAAP effective tax rate of 34%.

Pervasive continued to generate positive cash flow from operations with $2.2 million in the second quarter of fiscal 2010, ending the quarter with approximately $41.7 million in cash and marketable securities.

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