SPSS sees revenue and profit down in Q4

US-- MR and analytics software firm SPSS has posted a fourth quarter decline in revenue and profit after seeing customers move away from making larger transactions.

Sales for the three months ending 31 December were down 7% to $79.6m – but after stripping out negative currency effects, revenue declined just 2%.

Operating income fell from $14.7m to $11.5m, while net income was down 21% to $7.9m. Results included $3.5m in restructuring charges as the firm cut its headcount by 10% during the quarter in response to the deteriorating global economy.

CEO Jack Noonan said: “Our results for the quarter reflect our ability to navigate well through choppy economic waters.

“While we saw customers moving away from larger transactions, we were able to leverage our competitive price points to stabilise revenue by completing smaller to mid-size transactions in markets where customers continued to spend, even as the economy weakened.”

For the full year, revenue was up 4% to $302.9m. Operating income was down 1% to $49m, but net income climbed 7% to $36m.

Author: Brian Tarran

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