Pervasive Software Inc. (PVSW, Financial) filed Quarterly Report for the period ended 2011-09-30.
Pervasive Software Inc. has a market cap of $97.8 million; its shares were traded at around $6.14 with a P/E ratio of 40.9 and P/S ratio of 2. Pervasive Software Inc. had an annual average earning growth of 32% over the past 5 years.
Our revenues were $11.7 million in the three months ended September 30, 2011, compared to $11.0 million reported for the comparable period in the prior fiscal year. Our product license revenues were $7.6 million in the three months ended September 30, 2011, compared to $6.7 million reported for the comparable period in the prior fiscal year. Our service and other revenues were $4.1 million in the three months ended September 30, 2011, compared to $4.3 million for the comparable period in the prior fiscal year.
International revenues, consisting of all revenues from customers located outside of North America, were $5.2 million and $4.0 million in the three months ended September 30, 2011 and 2010, representing 44% and 37% of total revenues, respectively. We expect international revenues will continue to account for a significant portion of our revenues in the future.
Sales and Marketing. Sales and marketing expenses consist primarily of salaries, commissions and bonuses earned by sales and marketing personnel, foreign sales office expense, marketing programs and promotional expense, and travel and entertainment. Sales and marketing expenses were $4.9 million and $4.6 million in the three months ended September 30, 2011 and 2010, representing 42% and 42% of total revenues, respectively. We expect sales and marketing expenses in the near term will be consistent with the costs incurred during the three months ended September 30, 2011.
Research and Development. Research and development expenses consist primarily of personnel and related costs. Research and development expenses were $3.1 million and $2.9 million in the three months ended September 30, 2011 and 2010, representing 26% and 26% of total revenues, respectively. We anticipate that research and development expenses in the near term will be consistent with the costs incurred during the three months ended September 30, 2011.
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Pervasive Software Inc. has a market cap of $97.8 million; its shares were traded at around $6.14 with a P/E ratio of 40.9 and P/S ratio of 2. Pervasive Software Inc. had an annual average earning growth of 32% over the past 5 years.
Highlight of Business Operations:
Revenue from our embedded database product, Pervasive PSQL, decreased in fiscal year 2011 relative to fiscal years 2009 and 2010. The decrease in 2011 was primarily due to a number of relatively large transactions with database customers in fiscal years 2009 and 2010. We had one relatively large transaction with database customers in each of the last three fiscal years in the amount of $3.0 million, $2.4 million and $0.9 million in fiscal years 2009, 2010 and 2011, respectively. Our embedded database and related products represented approximately 58% of our revenue in fiscal year 2011. However, our integration product revenue grew 9% over fiscal year 2010 and 18% over fiscal year 2009, and now represents approximately 38% of our total revenue. A reduction in our embedded database business, or our inability to grow our integration products business, could have a material adverse effect on our business, operating results and financial condition.Our revenues were $11.7 million in the three months ended September 30, 2011, compared to $11.0 million reported for the comparable period in the prior fiscal year. Our product license revenues were $7.6 million in the three months ended September 30, 2011, compared to $6.7 million reported for the comparable period in the prior fiscal year. Our service and other revenues were $4.1 million in the three months ended September 30, 2011, compared to $4.3 million for the comparable period in the prior fiscal year.
International revenues, consisting of all revenues from customers located outside of North America, were $5.2 million and $4.0 million in the three months ended September 30, 2011 and 2010, representing 44% and 37% of total revenues, respectively. We expect international revenues will continue to account for a significant portion of our revenues in the future.
Sales and Marketing. Sales and marketing expenses consist primarily of salaries, commissions and bonuses earned by sales and marketing personnel, foreign sales office expense, marketing programs and promotional expense, and travel and entertainment. Sales and marketing expenses were $4.9 million and $4.6 million in the three months ended September 30, 2011 and 2010, representing 42% and 42% of total revenues, respectively. We expect sales and marketing expenses in the near term will be consistent with the costs incurred during the three months ended September 30, 2011.
Research and Development. Research and development expenses consist primarily of personnel and related costs. Research and development expenses were $3.1 million and $2.9 million in the three months ended September 30, 2011 and 2010, representing 26% and 26% of total revenues, respectively. We anticipate that research and development expenses in the near term will be consistent with the costs incurred during the three months ended September 30, 2011.
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