Published in Lab Business Week, August 29th, 2004
Revenues in the June 2004 quarter were $14.2 million compared to $19.1 million reported in the June 2003 quarter. Orders booked in the June 2004 quarter were flat, at about $15 million, when compared to the June 2003 quarter, excluding a contract renewal that was booked in the June 2003 quarter but renewed in the March 2004 quarter at the request of a customer.
The lower revenue in the June 2004 quarter was attributed to the change in revenue recognition for annual and multi-year licenses, the earlier renewal of the contract noted above, lower...
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