KANA Software, Inc (KANA.OB), a world leader in multi-channel customer service, announced financial results for the third quarter ended September 30, 2007.
KANA’s reported total revenues of $16.8 million, an increase of 28% over the $13.2 million reported in the third quarter of 2006. In addition, third quarter 2007 license revenue was $5.8 million, an increase of 33% over license revenue of $4.3 million reported in the same quarter last year.
CEO of KANA, Michael Fields, stated “KANA’s total revenues during the third quarter were the highest in 15 quarters. We are very pleased with our business momentum in the third quarter which reflects the market demand for KANA’s solutions, as well as increased services contribution from our recent acquisition of eVergance Partners. We will continue to focus on execution in the fourth quarter and throughout 2008 to build on this momentum and capitalize on our growing opportunities.”
The Company reported a net loss of $1.3 million, or $0.03 per share, for the quarter ended September 30, 2007 versus GAAP net income of $11,000, or $0.00 per share, for the quarter ended September 30, 2006.
For the third quarter of 2007, KANA also reported non-GAAP net income of $154,000, or $0.00 per share, as compared to non-GAAP net income of $1.7 million, or $0.05 per share during third quarter of 2006.
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