Advent Software, Inc. (Nasdaq:ADVS) announced its financial results for the third quarter ended September 30, 2011. The Company reported quarterly revenue from continuing operations of $84.6 million for the third quarter of 2011, up from $72.0 million in the third quarter of 2010, a 17% increase. Operating income from continuing operations for the third quarter of 2011 was $10.6 million, or 13% of revenue, compared to $9.7 million or 14% of revenue for the third quarter of 2010. Net income from continuing operations for the third quarter of 2011 was $6.8 million compared to $6.0 million in the third quarter of 2010, a 14% increase. On a fully diluted basis, earnings per share from continuing operations in the third quarter of 2011 were $0.13 and represent a 15% increase from diluted earnings per share of $0.11 in the third quarter of 2010.
Advent Software, Inc. provides software and services that automate work flows and data across investment management organizations, as well as the information flows between an investment management organization and external parties.
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