UPDATE 1-Advent Q2 results beat Wall Street view
(Recasts, adds details, share movement)
July 29 (Reuters) - Advent Software Inc (ADVS.O) posted higher-than-expected second-quarter profit, helped by continued international and domestic demand for two of its portfolio accounting platforms.
The company also said its Chief Financial Officer Craig Collins left the company to pursue other opportunities and Stephanie DiMarco, CEO, will head the finance department on an interim basis.
For the latest second quarter, the company reported a net income of $6.2 million, or 22 cents a share, excluding special items, compared with $5.1 million or 18 cents a share, a year ago.
Analysts on average had expected the company to earn 10 cents a share, on revenue of $62 million, according to Reuters Estimates.
Advent reported a GAAP net income of $7.4 million, or 26 cents a share, while total revenue rose 22 percent to $64 million.
The San Francisco-based company forecast fiscal earnings of 91 cents to $1.03 a share, before items, on revenue of $254 million to $258 million. It sees third-quarter revenue in the range of $64 million to $66 million.
Analysts on average had expected the company to earn 56 cents a share, on revenue of $254.3 million, according to Reuters Estimates.
Shares of the company were up more than 4 percent at $42.45 in after-hours trading. The shares closed up $1.94 at $40.64 in regular trading session on Nasdaq. (Reporting by Santosh Nadgir in Bangalore; Editing by Gopakumar Warrier)
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