says that recent events and continued weakness in the overall economic environment will reduce the its reported revenues and earnings from previous guidance and analyst estimates.
The company now expects diluted earnings per share of between US $0.20 and $0.25 on revenues of between $46 and 48 million, compared to earlier expectations of earnings in the range of $0.30 and $0.37 and revenues of between $47 to $50 million. Comparable results for the same period last year were diluted earnings per share of $0.27 and revenues of $47.9 million.
“Results from our ShowCase and market research divisions were most negatively affected in the quarter, particularly with their inability to close sizable transactions during the last two weeks of September,” Edward Hamburg, SPSS executive vice president and chief financial officer, said in a prepared statement. “In contrast, however, was the sequential and year-over-year growth seen by our SPSS BI division. They had a strong quarter selling to the United States Federal Government as well as reasonable revenues through their telesales channel with lower-priced product offerings. Overall, our performance results will not be what we wanted or expected, but they will be at levels showing that we are still very much in business.”
SPSS makes a modular, integrated product line for data access, data preparation, reporting, graphics and advanced analysis through statistical techniques. About a year ago they introduced a much-anticipated upgrade to their statistical software product, SPSS 10.0.