Moxtra revenue software license#

13 report, Transaction Systems' stock rose 73 cents to close at $5.93 a share. The SEC has made informal contact with Transaction Systems, the company said, but has not given notice of either a formal inquiry or an investigation.įollowing the Feb. The earnings report, however, repeated a caution issued with the restatement, that the company probably will be the subject of an inquiry or an investigation by the Securities and Exchange Commission. 'The future is now our main focus,' he told analysts and investors. 13 of putting the 'busy and trying time' behind his company. Our purchasing and service commitments to Moxtra, provide MoxTeam Partners, Enterprises and Customers. Greg Derkacht, president and chief executive, talked in a conference call on Feb. MoxTeam is one of Moxtras first USA OEM Resellers. With the restatement, the company reported lower revenues for 1999, 20. In this session, Moxtras Head of Strategic Business, Nikhita Iyar, and Ashish Shah, President and CEO of Cornerstone Permit Co. 14 had the effect of pushing revenue from earlier periods into later ones. The licenses in question were sold in 1999. The company in August said it was examining its longstanding practice of booking revenue from software licensing when agreements were made, even though the fees were collected in installments over several years. License fees were at issue in the restatement, according to a report in the Omaha World-Herald.

Moxtra revenue software license#

Most of the decline, $9.5 million, was in software license fees $1.1 million was in services revenue. 31 fell 15 percent, from a restated figure of $73.24 million to $62.49 million. The company a month ago restated financial results going back to 1998. Revenue for the quarter that ended Dec. Per share, profits increased a penny to 8 cents. 13 reported that first-quarter 2003 profits rose 24 percent to $3 million, compared with restated profits of $2.42 million a year earlier. Transaction Systems Architects of Omaha, parent of ACI Worldwide, on Feb.