KDnuggets : News : 2001 : n16 : item22    (previous | next)

Briefs

Insightful Announces Record Revenues for Q2 2001
SEATTLE--(BUSINESS WIRE)--July 26, 2001

Insightful Corporation (Nasdaq:IFUL), a leading provider of scaleable
enterprise software solutions for data analysis, announced today
continued growth and profitability in its financial results for the
second quarter ending June 30, 2001.

Revenues from operations (software and services for statistics, data
mining and predictive analysis) reached $4.6 million, representing 27
percent growth over the same quarter the prior year. Revenues from the
sale of software licenses and subscriptions reached $3.2 million or 24
percent growth over the same quarter in 2000. Revenues from consulting
services reached $1.4 million or 35 percent growth over the second
quarter 2000.

Second quarter net income from continuing operations amounted to
$422,000 or 4 cents per share, on a fully diluted basis. This
represents a 44 percent increase over the second quarter 2000 for
continued operations and 2 cents per share better than the previous
quarter.

June year-to-date revenues from continuing operations reached $8.8
million representing 22 percent growth over the first six months in
2000. Year-to-date diluted earnings per share for continued operations
reached 5 cents per share as compared to 6 cents per share for the
same period last year.

Insightful's products, including S-PLUS(R), StatServer(R) and S-PLUS
Analytic Server(TM), play a key role in data warehousing and business
intelligence initiatives by delivering analytical tools and graphical
reports that convert data into insight. Insightful also provides
consulting, application development outsourcing, data integration and
training focused on data analysis and predictive modeling. The company
has been delivering data analysis solutions for over a decade to
thousands of companies in financial services, pharmaceuticals,
biotechnology, telecommunications and manufacturing, plus many
research institutions.

For more information, visit www.insightful.com

KDnuggets : News : 2001 : n16 : item22    (previous | next)

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