Revenues of $4.2 million, up 26% from the same period last year; Operating income of $0.4 million versus operating loss of $1.1 million last year
MINNEAPOLIS, Jan. 19 CorVu Corporation (CRVU), an innovative provider of Performance Management software solutions, today announced financial results for the second quarter ended December 31, 2005 of its fiscal year (FY) 2006.
“We are pleased to report excellent results for the quarter. Revenue not only increased 26% over last year’s second quarter but was up 27% from this year’s first quarter. License revenue was especially strong and we are experiencing great traction in our target markets”, said Joseph Caffarelli, president and CEO of CorVu Corporation. “Our team executed on our sales initiatives, maintained their focus on expense control and achieved positive cash flow. We are clearly seeing the benefits from both our restructuring efforts of the past few months and our focused sales initiatives. With restructuring behind us and with financial resources in place, there is a new energy and excitement within and around CorVu.”