REDWOOD CITY, Calif.-Openwave Systems Inc. reported a 24-percent increase in revenues for its fiscal first quarter of $103.3 million, compared with revenues of $83.6 million during the corresponding quarter last year.
Revenues increased 3 percent sequentially from $100.3 million during the previous quarter.
The company’s net loss was $7.7 million, or 11 cents per share, compared with a net income of $1 million, or 1 cent per share, for the same quarter last year. Net loss during the previous quarter was $62.3 million, or 91 cents per share.
Investors appeared largely satisfied with the company’s performance; Openwave’s stock jumped more than 15 percent on its earnings announcement to $17.66 per share.
