Astea International Inc. (NASDAQ:ATEA) Announces Q1 Results

Chris Brown - May 16, 2014

Boston, MA 05/16/2014 (wallstreetpr) – The leading mobile workforce solution provider and service management giant Astea International Inc. (NASDAQ:ATEA) recently launched the its financial results for Q1 of current year.

The highlights of the announcement:

The Q1 proved to be very good for Astea International Inc. (NASDAQ:ATEA) as the revenue posted in the Q1 2014 was $4.8 million in comparison with the revenues of $4.7 million for the Q1 2013. Company’s revenues have increased over a period of 12 months, but with that has increased the net loss. The company reported a net loss figure of $1.3 million for the Q1 2014. In terms of per share basis, the company’s net loss was $0.37 per share. If compare with the Q1 of the previous year, ATEA posted a net loss figure of $1.1 million. In terms of per share basis, it was $0.31 in the Q1 of the 2013.

There was no change in regard with the software license revenues as Astea International Inc. (NASDAQ:ATEA) posted $0.5 million which was similar to the revenues of previous year. At the same time, the company managed to register service and maintenance revenue of $4.3 million, when compared to the revenue of the last year’s Q1, this is quite good. The company managed only $4.2 in the first quarter of the previous year.

The CEO of the company Zack Bergreen said,” The trend in the market is changing, vendors are preferring those companies which have more depth in their operations, and expertise in their service quality, thus in coming months our main focus will be on improving our skills and expertise as a corporation.”

The management of Astea International Inc. (NASDAQ:ATEA) expects that the coming months will bring new market opportunities for the companies, so the revenue as well as the sales and profit figures of the company will improve in coming months.

Avatar

Chris Brown

About Me: I have a Phd in Economics Gender: Male Interests: Playing games like cricket, volleyball Favorite Music: hip hop, rock, jazz

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up To Get Our Latest Stocks Alerts