Enterprise software provider SoftBrands this week reported $21.4 million in revenue for its second fiscal quarter, a 10% drop compared with $23.7 million in the like period of 2008. Despite the drop in revenue, the company managed to log $391,000 in operating income in the quarter ended March 31, compared with a loss of nearly $800,000 last year.
“SoftBrands improved its profitability from the prior-year quarter and our balance sheet strengthened in the second quarter," said Randy Tofteland, SoftBrands’ president and chief executive officer, in a statement. “We are committed to improving our profitability in fiscal 2009 no matter what our level of revenue performance.”
SoftBrands, which serves companies in the manufacturing and hospitality sectors, brought in $10.1 million in revenue in the quarter from manufacturing customers, 15% less than the $11.9 million it recorded in the like period of 2008. The manufacturing segment, however, kept the company in the black, earning SoftBrands $1.9 million against a loss of $1.5 million in the hospitality business.
Software license revenue from manufacturing products slipped 8% in the quarter to $1.1 million. Maintenance and support revenue was off 9% to $7.1 million, while professional services revenue fell 36% to $1.8 million.