Calgary, Alberta, Canada – (April 10, 2006) – Replicon, Inc., the corporate time and expense tracking vendor of choice for businesses, today announced results for its fiscal first quarter ended March 31, 2006.
"Phenomenal success is sweeping Replicon and our record breaking 2006 Q1 results asserts that," said Raj Narayanaswamy, co-founder and co-CEO of Replicon, Inc. "Our loyal customers and our innovative, reliable, and easy-to-use products thrusts Replicon above and beyond the competition."
Replicon, Inc. delivered the following results for the first quarter of fiscal year 2006:
- Revenue: Total revenue increased 28% on a quarter-to-quarter basis. Subscription and support revenues increased 65% on a quarter-to-quarter basis.
- Net Income: Fiscal first quarter 2006 net income grew 99% on a quarter-to-quarter basis.