VSNT » Topics » Professional Services.

These excerpts taken from the VSNT 10-Q filed Jun 9, 2009.
Professional Services. Professional services revenues consist of revenues from consulting, training and technical support as well as billable travel expenses incurred by our professional services organization.

 

Professional services revenues were $71,000 for the three months ended April 30, 2009, a slight increase of $4,000 (or 6%) from $67,000 reported for the comparable period in fiscal 2008.

 

Professional services revenues were $133,000 for the six months ended April 30, 2009, a decrease of $26,000 (or 16%) from $159,000 reported for the comparable period in fiscal 2008. The decrease in professional services revenues for the six months ended April 30, 2009 was mainly attributable to a decrease in consulting revenues from our European operations and a decrease of $12,000 related to unfavorable foreign currency exchange rate fluctuations.

 

Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization.

 

Cost of professional services revenues was increased slightly to $34,000 (or 48% of professional services revenues) for the three months ended April 30, 2009 compared to $28,000 (or 42% of professional services revenues) reported for the comparable period in fiscal 2008.  Cost of professional services revenues was $70,000 (or 53% of professional services revenues) for the six months ended April 30, 2009 compared to $55,000 (or 35% of professional services revenues) reported for the comparable period in fiscal 2008.

 

These excerpts taken from the VSNT 10-Q filed Mar 12, 2009.
Professional Services. Professional services revenues consist of revenues from consulting, training and technical support as well as billable travel expenses incurred by our professional services organization.

 

Professional services revenues were $62,000 for the three months ended January 31, 2009, a decrease of $30,000 (or 33%) from $92,000 reported for the comparable period in fiscal 2008. The decrease in professional services revenues for the three months ended January 31, 2009 was mainly attributable to a decrease in consulting revenues from our European operations.

 

Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization.

 

Cost of professional services revenues was $36,000 (or 58% of professional services revenues) for the three months ended January 31, 2009 remaining at a relatively consistent level in absolute dollars compared to $27,000 (or 29% of professional services revenues) reported for the comparable period in fiscal 2008.

 

This excerpt taken from the VSNT 10-Q filed Sep 12, 2008.
Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization.

 

Cost of professional services revenues was $18,000 (or 35% of professional services revenues) for the three months ended July 31, 2008 compared to $33,000 (or 34% of professional services revenues) reported for the corresponding period in fiscal 2007.

 

Cost of professional services revenues was $74,000 (or 35% of professional services revenues) for the nine months ended July 31, 2008 compared to $93,000 (or 47% of professional services revenues) reported for the corresponding period in fiscal 2007.

 

This excerpt taken from the VSNT 10-Q filed Jun 16, 2008.
Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization.

 

Cost of professional services revenues was $28,000 (or 42% of professional services revenues) for the three months ended April 30, 2008 compared to $20,000 (or 71% of professional services revenues) reported for the corresponding period in 2007.

 

Cost of professional services revenues was $55,000 (or 35% of professional services revenues) for the six months ended April 30, 2008 compared to $60,000 (or 61% of professional services revenues) reported for the corresponding period in 2007.

 

This excerpt taken from the VSNT 10-Q filed Mar 13, 2008.
Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization.

 

Cost of professional services revenues was $27,000 (or 29% of professional services revenues) for the three months ended January 31, 2008, a decrease of $14,000 (or 34%) from $41,000 (or 59% of professional services revenues) reported for the comparable period in 2007. The decrease was primarily due to cost of professional services related to a one time consulting project performed through our Indian operations in the first quarter of fiscal 2007 that was not replicated in the first quarter of fiscal 2008.

 

This excerpt taken from the VSNT 10-Q filed Sep 13, 2007.
Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization.

Cost of professional services revenues was $33,000 (or 34% of professional services revenues) for the three months ended July 31, 2007 as compared to $84,000 (or 92% of professional services revenues) for the corresponding period in 2006. The decline in absolute dollars of $51,000 (or 61%) for the three months ended July 31, 2007 from the comparable period in fiscal 2006 was primarily due to the reallocation of headcounts in our European consulting team to research and development as a result of the completion of two major percentage-of-completion consulting projects with two European customers in fiscal 2006.

Cost of professional services revenues was $93,000 (or 47% of professional services revenues) for the nine months ended July 31, 2007 as compared to $709,000 (or 62% of professional services revenues) for the corresponding period in 2006. The decline in absolute dollars of $616,000 (or 87%) for the nine months ended July 31, 2007 over the comparable period in fiscal 2006 was also primarily due to the reallocation of headcounts in our European consulting team to research and development as a result of the completion of two major percentage-of-completion consulting projects with two European customers in fiscal 2006.

This excerpt taken from the VSNT 10-Q filed Jun 13, 2007.
Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization.

Cost of professional services revenues was $20,000 (or 71% of professional services revenues) for the three months ended April 30, 2007 as compared to $291,000 (or 50% of professional services revenues) for the corresponding period in 2006. The decline in absolute dollars of $271,000 (or 93%) for the three months ended April 30, 2007 from the comparable period in fiscal 2006 was primarily due to the reallocation of headcounts of the European consulting team to research and development as a result of the completion of two major percentage-of-completion consulting projects with two European customers in fiscal 2006.

Cost of professional services revenues was $60,000 (or 61% of professional services revenues) for the six months ended April 30, 2007 as compared to $625,000 (or 59% of professional services revenues) for the corresponding period in 2006. The decline in absolute dollars of $565,000 (or 90%) for the six months ended April 30, 2007 over the comparable period in fiscal 2006 was primarily due to the reallocation of headcounts of the European consulting team to research and development as a result of the completion of two major percentage-of-completion consulting projects with two European customers in fiscal 2006.

This excerpt taken from the VSNT 10-Q filed Mar 16, 2007.
Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization.  Cost of professional services revenues was $41,000 (or 59% of professional services revenues) for the three months ended January 31, 2007 as compared to $333,000 (or 70% of professional services revenues) for the corresponding period in 2006. The decline in absolute dollars of $292,000 (or 88%) for the three months ended January 31, 2007 over the comparable period in fiscal 2006 was primarily due to the reallocation of headcounts of the European consulting team to research and development as a result of completion of a major percentage-of-completion consulting project with a European customer in fiscal 2006.

This excerpt taken from the VSNT 10-K filed Jan 29, 2007.
Professional Services.   We also provide a variety of training and consulting services to assist customers in the design, development, training and management of applications that are built based on our core products. Training services are offered for a variety of Versant-specific and other object-related technologies and range from beginning to advanced levels. Consulting services are available for analysis and design assistance, mentoring and technical information transfer, application coding, design reviews and performance analysis. In addition, we provide custom development services to customers that request unique or proprietary product extensions.

This excerpt taken from the VSNT 10-Q filed Sep 14, 2006.
Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization.

Cost of professional services revenues was $84,000 (or 92% of professional services revenues) and $709,000 (or 62% of professional services revenues) for the three and nine months ended July 31, 2006, respectively compared to $246,000 (or 105% of the professional services revenues) and $749,000 (or 142% of the professional services revenues), respectively, for the corresponding periods in fiscal 2005. The declines in absolute dollars of $162,000 and $40,000, respectively, for the three and nine months ended July 31, 2006 from the comparable period in fiscal 2005 were mainly due to the completion of a major percentage-of-completion consulting project with a European customer prior to the beginning of the three months ended July 31, 2006. The negative margins in professional services for the three and nine months ended July 31, 2005 were due to under-utilization of the consulting team dedicated to professional services and delays related to a major consulting project during those periods.

In Europe, there is a statutory one-year warranty requirement for all our products and services. Prior to our merger with Poet in March 2004, Poet Holdings, Inc. provided for a reserve for such warranties that could be in excess of its regular maintenance programs.  We have continued to maintain a reserve for $8,000 related to the FastObjects products in Europe as of July 31, 2006. Pursuant to our consulting percentage-of-completion engagements with certain European customers, we have recorded additional warranty reserves of $97,000 for the nine months ended July 31, 2006.

This excerpt taken from the VSNT 10-Q filed Jun 14, 2006.
Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization.

Cost of professional services revenues was $291,000 for the three months ended April 30, 2006 (or 51% of professional services revenues) compared to $216,000 (or 235% of the professional services revenues) for the corresponding period in fiscal 2005. The increase in absolute dollars of $75,000 was mainly due to two major percentage-of-completion consulting projects with two European customers during the three months ended April 30, 2006. The negative margin in professional services for the three months ended April 30, 2005 was due to under-utilization of one full-time employee dedicated to professional services during that quarter.

Cost of professional services revenues was $625,000 for the six months ended April 30, 2006 (or 59% of professional services revenues) compared to $495,000 (or 171% of the professional services revenues) for the corresponding period in fiscal 2005. The increase in absolute dollars of $130,000 was mainly due to two major percentage-of-completion consulting project with two European customers during the six months ended April 30, 2006. The negative margin in professional services for the six months ended April 30, 2005 was due to under-utilization of one full-time employee dedicated to professional services during that period.

In Europe, there is a statutory one-year warranty requirement for all our products and services. Prior to our merger with Poet in March 2004, Poet Holdings, Inc. provided for a reserve for such warranties that could be in excess of its regular maintenance programs. We continued maintaining this reserve for $8,000 and $18,000 related to the FastObjects products in Europe as of April 30, 2006 and 2005, respectively. Pursuant to our two consulting major percentage-of-completion engagements with two European customers, we maintained additional warranty reserves for $40,000 and $97,000 for the three and six months ended April 30, 2006, respectively.

This excerpt taken from the VSNT 10-Q filed Mar 17, 2006.
Professional Services. Cost of professional services consists of salaries, bonuses, third party consulting fees and other costs associated with supporting our professional services organization. Cost of professional services revenues was $333,000 for the three months ended January 31, 2006 (or 70% of professional services revenues) compared to $279,000 (or 141% for the professional services revenue) for the three months ended January 31, 2005. The increase in absolute dollars was mainly attributable to a major percentage-of-completion consulting project with a European customer during the three months ended January 31, 2006. The negative margin in professional services for the three months ended January 31, 2005 was due to under-utilization of one full-time employee dedicated to professional services in that quarter.

 

In Europe, there is a statutory one-year warranty requirement for all our products and services. Prior to our merger with Poet in March 2004, Poet Holdings, Inc. provided for a reserve for such warranties that could be in excess of its regular maintenance programs.  We continued maintaining this reserve for $8,000 and $10,000 related to the FastObjects products in Europe as of January 31, 2006 and 2005, respectively. Pursuant to a major consulting agreement with a European company, which is accounted for on a percentage of completion basis, we also maintained an additional warranty reserve of $57,000 for the three months ended January 31, 2006.

 

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