Advent Software Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - Advent Software, Inc. (ADVS) reported that its first-quarter net income decreased to $10.9 million, from $12.1 million, previous year. Earnings per share were $0.20, compared to $0.23. Non-GAAP earnings per share were $0.33 in the first quarter of 2014.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.32 for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenue increased to $96.8 million from $92.5 million, previous year. Analysts expected revenue of $96.44 million for the quarter.

Advent updated its financial guidance for the second quarter of 2014. The company now expects its total revenue in the range of $96 million to $98 million. Analysts expect the company to report second-quarter revenue of $99.15 million.

Advent Software said its financial guidance for fiscal 2014 remains unchanged.