WebEx Sees 23% Increase in Q2 Revenues over Last Year

WebEx Communications reported Q2 revenues of $75.3 million, a 23% increase from $61.1 million in the second quarter of 2004. Net income was $13.9 million, a 35% increase from $10.3 million in the second quarter of 2004. Diluted earnings per share, ("EPS") were $0.29, an increase of 32% from $0.22 in the second quarter of 2004.


"We had another good quarter, demonstrating the expanding market for collaborative application services," said Subrah Iyar, chief executive officer of WebEx. "As companies realize the huge cost advantages of on-demand solutions, we continue to see new customer requirements like the WebEx Retention Solution we announced during second quarter."http://www.webex.com/