FirstWave Technologies, a provider of web-based customer relation management solutions, reported profits for the sixth straight quarter on Tuesday.
FirstWave (Nasdaq: FSTW) said software license revenues hit $1.6 million, a 121 percent increase over 2002 figures, and maintenance revenues were $529,000, up 18 percent. Service revenues declined 26 percent, to $2.14 million, but overall revenues were up 6 percent to $4.3 million.
Net income was $724,000, or 30 cents a share. The company reported $3.5 million in cash on hand and no debt.
FirstWave: www.firstwave.com
