Keynote Systems Inc. (KEYN, Financial) filed Quarterly Report for the period ended 2010-06-30.
Keynote Systems Inc. has a market cap of $148.5 million; its shares were traded at around $9.99 with a P/E ratio of 45.5 and P/S ratio of 1.9. The dividend yield of Keynote Systems Inc. stocks is 2%.KEYN is in the portfolios of Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates.
Our net income decreased by $2.2 million, or 81%, from net income of $2.7 million for the nine months June 30, 2009 to net income of $522,000 for the nine months ended June 30, 2010. The decrease was primarily attributable to increased sales and marketing expenses of $838,000 to grow mobile revenues and a decrease in interest and other income (expense), net of $941,000 due to the weakening of the Euro.
Our gross deferred revenue, which is primarily unearned license and subscription services revenue, was $25.2 million at June 30, 2010, which increased by $2.9 million from September 30, 2009 primarily due to the timing of payments from Mobile license customers.
Subscription Services. Net revenue from subscription services increased by $495,000 for the three months ended June 30, 2010 as compared to the three months ended June 30, 2009. The increase in subscription services revenue for the three months ended June 30, 2010 was mainly attributable to increased sales of our mobile services of $666,000 and our multipage broadband subscription services of $29,000, offset by a decrease in our single-page device subscription services of $71,000 and in our WebEffective subscription services of $137,000.
Net revenue from subscription services increased by $1.6 million for the nine months ended June 30, 2010 as compared to the nine months ended June 30, 2009. The increase in subscription services revenue for the nine months ended June 30, 2010 was mainly attributable to increases sales of our mobile services of $1.7 million and our multiple page/broadband subscription services of $490,000, offset by a decrease in our single-page device subscription services of $352,000 and in our WebEffective subscription services of $318,000. The increase in our mobile services is primarily due to an increase in the number of Global Roamer customers and the increase in our multiple page/broadband subscription services was due primarily to an increase in multi-quarter load testing subscription contracts.
Professional Services. Net revenue from professional services decreased by $160,000 for the three months ended June 30, 2010 as compared to the three months ended June 30, 2009. Net revenue from professional services decreased by $1.2 million for the nine months ended June 30, 2010 as compared to the nine months ended June 30, 2009. The decrease in professional services revenue for
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Keynote Systems Inc. has a market cap of $148.5 million; its shares were traded at around $9.99 with a P/E ratio of 45.5 and P/S ratio of 1.9. The dividend yield of Keynote Systems Inc. stocks is 2%.KEYN is in the portfolios of Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates.
Highlight of Business Operations:
Our net income (loss) decreased from net income of $2.1 million for the three months ended June 30, 2009 to net loss of $315,000 for the three months ended June 30, 2010. The change was primarily attributable to lower ratable license revenue as a result of the weakening of the Euro and an increase in customers renewing maintenance on existing systems rather than purchasing new systems, higher sales and marketing expenses due to increased external marketing expenses to grow mobile revenues and higher general and administrative expenses due to increased professional fees.Our net income decreased by $2.2 million, or 81%, from net income of $2.7 million for the nine months June 30, 2009 to net income of $522,000 for the nine months ended June 30, 2010. The decrease was primarily attributable to increased sales and marketing expenses of $838,000 to grow mobile revenues and a decrease in interest and other income (expense), net of $941,000 due to the weakening of the Euro.
Our gross deferred revenue, which is primarily unearned license and subscription services revenue, was $25.2 million at June 30, 2010, which increased by $2.9 million from September 30, 2009 primarily due to the timing of payments from Mobile license customers.
Subscription Services. Net revenue from subscription services increased by $495,000 for the three months ended June 30, 2010 as compared to the three months ended June 30, 2009. The increase in subscription services revenue for the three months ended June 30, 2010 was mainly attributable to increased sales of our mobile services of $666,000 and our multipage broadband subscription services of $29,000, offset by a decrease in our single-page device subscription services of $71,000 and in our WebEffective subscription services of $137,000.
Net revenue from subscription services increased by $1.6 million for the nine months ended June 30, 2010 as compared to the nine months ended June 30, 2009. The increase in subscription services revenue for the nine months ended June 30, 2010 was mainly attributable to increases sales of our mobile services of $1.7 million and our multiple page/broadband subscription services of $490,000, offset by a decrease in our single-page device subscription services of $352,000 and in our WebEffective subscription services of $318,000. The increase in our mobile services is primarily due to an increase in the number of Global Roamer customers and the increase in our multiple page/broadband subscription services was due primarily to an increase in multi-quarter load testing subscription contracts.
Professional Services. Net revenue from professional services decreased by $160,000 for the three months ended June 30, 2010 as compared to the three months ended June 30, 2009. Net revenue from professional services decreased by $1.2 million for the nine months ended June 30, 2010 as compared to the nine months ended June 30, 2009. The decrease in professional services revenue for
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