Double-Take Swings to 4Q Profit

SOUTHBOROUGH, Mass. (AP) -- Double-Take Software Inc., a provider of data replication and storage software, said Friday it swung to a profit in the fourth quarter, helped by higher revenue from software, maintenance and professional services.

Quarterly net income attributable to common stockholders totaled $545,000, or 7 cents a share, from a loss of $4.6 million, or $1.23 a share, during the same period a year ago.

Revenue jumped 61 percent to $19.1 million from $11.8 million in the year-ago quarter. Revenue included sales from its newly acquired distributor in Europe. The top line was also helped by a 55 percent jump in its software business to $12.2 million. Maintenance and professional services revenue grew 74 percent to $6.9 million.

Analysts polled by Thomson Financial expected earnings of 11 cents on revenue of $17.5 million.

For the year, the company had a loss attributable to common shareholders of $571,000, or 13 cents a share, from a loss of $11.8 million, or $3.11 a share, in 2005.

Full-year revenue grew 49 percent to $60.8 million from $40.7 million in 2005.