Excerpt from the earnings call:
CFO:
Maintenance and service revenue were slightly down from Q2 last year. However our maintenance renewal rates remain above 90%. And during the second quarter, we initiated a winback program of a subset of customers who had fallen off active maintenance with some success.
We can primarily attribute this success on open OpenEdge to improve value propositions based on new functionality and visions. We're also pleased with revenue growth across our set of products.
While we don't report revenues by product on a constant currency basis we saw a year-over-year growth of 6% in OpenEdge 57% from DataDirect and 30% from the Decision Analytics. For our Q2 revenue by geography North America was 38 million up 17% from the same quarter a year ago EMEA revenues were 34 million up 11% on constant currency basis. Latin America revenues were 7 million up 4% on constant currency and APJ was 5 million down 7% on constant currency. In APJ, we're pleased with our new leadership and we continue to focus on building channel partners in the region.
With 54% of our revenue stream outside of North America we continued to be cautious in the upcoming quarter due to macroeconomic uncertainty and seasonality in some of the regions we operate Our non-GAAP EPS from continuing operations was $0.27 which is the same as Q2 2012.
More at http://www.earningsimpact.com/
CFO:
Maintenance and service revenue were slightly down from Q2 last year. However our maintenance renewal rates remain above 90%. And during the second quarter, we initiated a winback program of a subset of customers who had fallen off active maintenance with some success.
We can primarily attribute this success on open OpenEdge to improve value propositions based on new functionality and visions. We're also pleased with revenue growth across our set of products.
While we don't report revenues by product on a constant currency basis we saw a year-over-year growth of 6% in OpenEdge 57% from DataDirect and 30% from the Decision Analytics. For our Q2 revenue by geography North America was 38 million up 17% from the same quarter a year ago EMEA revenues were 34 million up 11% on constant currency basis. Latin America revenues were 7 million up 4% on constant currency and APJ was 5 million down 7% on constant currency. In APJ, we're pleased with our new leadership and we continue to focus on building channel partners in the region.
With 54% of our revenue stream outside of North America we continued to be cautious in the upcoming quarter due to macroeconomic uncertainty and seasonality in some of the regions we operate Our non-GAAP EPS from continuing operations was $0.27 which is the same as Q2 2012.
More at http://www.earningsimpact.com/
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