Advent Software Reports Third Quarter 2013 Results
SAN FRANCISCO, CA--(Marketwired - Oct 28, 2013) - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the global investment management industry, announced today its financial results for the third quarter ended September 30, 2013.
"Advent delivered record revenues and solid profitability, demonstrating the value customers continue to place on our solutions," said Pete Hess, Chief Executive Officer at Advent. "Third quarter highlights also included our successful annual client conference, AdventConnect, where we shared a well-received preview of our new cloud-based solution platform, which launches next year. It's exciting to see the enthusiasm as we continue to sharpen our focus on our clients' success."
THIRD QUARTER 2013 RESULTS
GAAP Results for Continuing Operations
The Company reported quarterly revenue of $96.8 million for the third quarter of 2013, compared to $90.2 million in the third quarter
of 2012, a 7% increase.
Operating income for the third quarter of 2013 was $17.4 million, or 18.0% of revenue, compared to $12.6 million or 14.0% of revenue for the third quarter of 2012.
Net income for the third quarter of 2013 was $9.8 million compared to $7.7 million in the third quarter of 2012.
On a fully diluted basis, earnings per share in the third quarter of 2013 were $0.18, compared to $0.15 in the third quarter of 2012.
Operating cash flow in the third quarter of 2013 was $22.8 million, compared with $25.3 million in the third quarter of 2012.
Cash, cash equivalents and marketable securities totaled $41 million as of September 30, 2013, compared to $404 million as of June 30, 2013. On July 9, 2013, the Company paid a one-time special cash dividend of $9 per share totaling approximately $470 million. The special dividend was financed with cash on hand and proceeds from Advent's recently closed $425 million senior credit facility. Total outstanding debt as of September 30, 2013 was $350 million compared to $225 million as of June 30, 2013.
Deferred revenue as of September 30, 2013 was $173 million, compared to $174 million as of June 30, 2013.
Non-GAAP Results for Continuing Operations
Non-GAAP operating income for the third quarter of 2013 was $29.0 million, or 30.0% of revenue. This represents a 39% increase
compared to $20.8 million, or 23.1% of revenue, in the third quarter of 2012. On a fully diluted basis, non-GAAP earnings per share were $0.31 in the third quarter of 2013 and represent a 22%
increase from non-GAAP diluted earnings per share of $0.26 in the third quarter of 2012.
The reconciliation between GAAP and non-GAAP financial measures is provided at the end of this press release.
THIRD QUARTER HIGHLIGHTS
-
Continued Market Demand: Advent saw continued success across all of its client segments, from hedge funds and asset managers to family offices, fund administrators and the
growing advisory market. The Company added new clients including: Crabel Capital Management, Seer Capital Management LP, Whitebox Advisors, Evercore Wealth Management, Cain, Watters &
Associates, Essex Financial Services, Watermark Asset Management, Sparebanken Vest, Herald Investment Management, and CACEIS. Existing clients that expanded their relationship with Advent or
migrated to a new Advent platform included: Vastardis Fund Services, Sentinel Investments, Weeden Prime Services, Swift Run Capital Management, Towneley Capital Management, Brown Advisory, and
BTIG.
- Client Conference Success: With over 1,000 attendees, AdventConnect 2013 was the Company's largest client conference in its 30 year history. At the conference, Advent unveiled a number of new enhancements and product solutions including Geneva® 10.0, Tamale RMS® 7.0 and Advent Direct™.
FINANCIAL GUIDANCE
Advent updates the following financial guidance for the fourth quarter and fiscal year 2013:
Guidance | Q4 2013 | FY 2013 | |||
Total Revenue ($M) | $95 -$97 | $380-$382 | |||
YoY Revenue Growth | 3% - 5% | 6% | |||
GAAP Operating Margin | n/a | 11.0% - 11.5% | |||
Stock Compensation Expense (% of revenue) | n/a | 13.0% | |||
Amortization of Intangibles (% of revenue) | n/a | 3.0% | |||
Recapitalization Costs (% of revenue) | n/a | 1.5% | |||
Restructuring Charges (% of revenue) | n/a | 1.0% | |||
Non-GAAP Operating Margin | n/a | 29.5% - 30.0% | |||
Operating Cash Flow ($M) | n/a | $93 - $97 | |||
Capital Expenditures ($M) | n/a | $8 - $10 | |||
Effective Tax Rate (GAAP) | n/a | 25% - 30% | |||
Effective Tax Rate (non-GAAP) | n/a | 35% | |||
INVESTOR CALL
Advent Software, Inc. will host its Q3 2013 quarterly earnings conference call at 5:00 p.m. Eastern time today. The Q3 2013 earnings presentation and
trended disclosures file, which include highlights and detailed financial information, are currently available at http://investor.advent.com. To participate via phone, please dial (877)
280-4962 and request conference ID #26629001. Telephone replay will be available through midnight November 4, 2013. The replay number for domestic callers is (888) 286-8010, and for
international callers is (617) 801-6888, with the conference ID of #34661098.
The conference call will also be webcast live and then archived on http://investor.advent.com.
ABOUT ADVENT
Over the last 30 years of industry change, our core mission to help our clients focus on their unique strategies and deliver exceptional investor service has
never wavered. With unparalleled precision and ahead of the curve solutions, we've helped over 4,400 firms in nearly 60 countries -- from established global institutions to small start-up practices
-- to grow their business and thrive. Advent technology helps firms minimize risk, work together seamlessly, and discover new opportunities in a constantly evolving world. Together with our
clients, we are shaping the future of investment management. For more information on Advent products visit http://www.advent.com.
ABOUT NON-GAAP FINANCIAL INFORMATION
This press release includes non-GAAP financial measures. For a description of these non-GAAP financial measures, including the reasons
management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting
Principles in the United States of America (U.S. GAAP), please see the accompanying tables entitled "Reconciliation of Selected Continuing Operations' GAAP Measures to Non-GAAP Measures."
FORWARD-LOOKING STATEMENTS
The financial projections under Financial Guidance and any other forward-looking statements included in this presentation reflect management's best
judgment based on factors currently known and involve risks and uncertainties; our actual results may differ materially from those discussed here. These risks and uncertainties include:
potential fluctuations in new contract bookings, renewal rates, operating results and future growth rates; continued market acceptance of our products; the successful development, release and
market acceptance of new products and product enhancements; uncertainties and fluctuations in the financial markets; the Company's ability to satisfy contractual performance requirements and other
risks detailed from time to time in our SEC reports including, but not limited to, our quarterly reports on Form 10-Q and our 2012 Annual Report on Form 10-K. The Company disclaims any
intention or obligation to publicly update or revise any forward-looking statements including any guidance, whether as a result of events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
Advent, Advent Software, Geneva, and Tamale RMS are registered trademarks of, and the Advent logo is a mark of, Advent Software, Inc. Any other company names or marks mentioned herein are those of their respective owners.
ADVENT SOFTWARE, INC. | ||||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||
(In thousands) | ||||||||||
(GAAP, Unaudited) | ||||||||||
September 30 | December 31 | |||||||||
2013 | 2012 | |||||||||
ASSETS | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | $ | 41,380 | $ | 58,217 | ||||||
Short-term marketable securities | - | 111,192 | ||||||||
Accounts receivable, net | 56,597 | 61,069 | ||||||||
Deferred taxes, current | 18,934 | 18,934 | ||||||||
Prepaid expenses and other | 30,917 | 25,868 | ||||||||
Current assets of discontinued operation | - | 88 | ||||||||
Total current assets | 147,828 | 275,368 | ||||||||
Property and equipment, net | 31,602 | 37,269 | ||||||||
Goodwill | 206,956 | 206,932 | ||||||||
Other intangibles, net | 30,478 | 38,205 | ||||||||
Long-term marketable securities | - | 61,552 | ||||||||
Deferred taxes, long-term | 20,399 | 24,524 | ||||||||
Other assets | 16,024 | 12,994 | ||||||||
Noncurrent assets of discontinued operation | 1,609 | 1,609 | ||||||||
Total assets | $ | 454,896 | $ | 658,453 | ||||||
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY | ||||||||||
Current liabilities: | ||||||||||
Accounts payable | $ | 9,771 | $ | 5,190 | ||||||
Accrued liabilities | 35,713 | 37,096 | ||||||||
Deferred revenues | 165,152 | 174,388 | ||||||||
Income taxes payable | - | 5,593 | ||||||||
Current portion of long-term debt | 20,000 | 10,000 | ||||||||
Current liabilities of discontinued operation | 625 | 262 | ||||||||
Total current liabilities | 231,261 | 232,529 | ||||||||
Deferred revenues, long-term | 7,617 | 8,787 | ||||||||
Long-term income taxes payable | 5,335 | 5,335 | ||||||||
Long-term debt | 330,000 | 85,000 | ||||||||
Other long-term liabilities | 11,556 | 13,139 | ||||||||
Noncurrent liabilities of discontinued operation | 2,928 | 3,804 | ||||||||
Total liabilities | 588,697 | 348,594 | ||||||||
Stockholders' (deficit) equity: | ||||||||||
Common stock | 509 | 505 | ||||||||
Additional paid-in capital | 32,673 | 453,585 | ||||||||
Accumulated deficit | (176,869 | ) | (154,261 | ) | ||||||
Accumulated other comprehensive income | 9,886 | 10,030 | ||||||||
Total stockholders' (deficit) equity | (133,801 | ) | 309,859 | |||||||
Total liabilities and stockholders' (deficit) equity | $ | 454,896 | $ | 658,453 | ||||||
ADVENT SOFTWARE, INC. | ||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||||
(In thousands, except per share data) | ||||||||||||||||||
(GAAP, Unaudited) | ||||||||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Net revenues: | ||||||||||||||||||
Recurring revenues | $ | 88,116 | $ | 81,090 | $ | 260,862 | $ | 240,752 | ||||||||||
Non-recurring revenues | 8,651 | 9,084 | 24,518 | 26,050 | ||||||||||||||
Total net revenues | 96,767 | 90,174 | 285,380 | 266,802 | ||||||||||||||
Cost of revenues (1): | ||||||||||||||||||
Recurring revenues | 17,782 | 17,216 | 52,173 | 51,962 | ||||||||||||||
Non-recurring revenues | 11,501 | 13,011 | 31,088 | 33,615 | ||||||||||||||
Amortization of developed technology | 2,508 | 2,586 | 7,405 | 7,700 | ||||||||||||||
Total cost of revenues | 31,791 | 32,813 | 90,666 | 93,277 | ||||||||||||||
Gross margin | 64,976 | 57,361 | 194,714 | 173,525 | ||||||||||||||
Operating expenses (1): | ||||||||||||||||||
Sales and marketing | 18,546 | 17,965 | 58,967 | 56,122 | ||||||||||||||
Product development | 17,369 | 17,077 | 52,254 | 50,377 | ||||||||||||||
General and administrative | 10,894 | 8,752 | 43,895 | 27,619 | ||||||||||||||
Amortization of other intangibles | 953 | 955 | 2,863 | 2,867 | ||||||||||||||
Recapitalization costs | - | - | 6,041 | - | ||||||||||||||
Restructuring (benefit) charges | (157 | ) | (17 | ) | 2,959 | 53 | ||||||||||||
Total operating expenses | 47,605 | 44,732 | 166,979 | 137,038 | ||||||||||||||
Income from continuing operations | 17,371 | 12,629 | 27,735 | 36,487 | ||||||||||||||
Interest and other income (expense), net | (2,977 | ) | (130 | ) | (4,610 | ) | (1,105 | ) | ||||||||||
Income from continuing operations before income taxes | 14,394 | 12,499 | 23,125 | 35,382 | ||||||||||||||
Provision for income taxes | 4,561 | 4,812 | 5,390 | 13,181 | ||||||||||||||
Net income from continuing operations | $ | 9,833 | $ | 7,687 | $ | 17,735 | $ | 22,201 | ||||||||||
Discontinued operation: | ||||||||||||||||||
Net (loss) income from discontinued operation (net of applicable taxes of $(16), $(13), $45 and $134, respectively) | (20 | ) | 11 | 68 | 233 | |||||||||||||
Net income | $ | 9,813 | $ | 7,698 | $ | 17,803 | $ | 22,434 | ||||||||||
Basic net income (loss) per share (2): | ||||||||||||||||||
Continuing operations | $ | 0.19 | $ | 0.15 | $ | 0.35 | $ | 0.44 | ||||||||||
Discontinued operation | (0.00 | ) | 0.00 | 0.00 | 0.00 | |||||||||||||
Total operations | $ | 0.19 | $ | 0.15 | $ | 0.35 | $ | 0.44 | ||||||||||
Diluted net income (loss) per share (2): | ||||||||||||||||||
Continuing operations | $ | 0.18 | $ | 0.15 | $ | 0.33 | $ | 0.42 | ||||||||||
Discontinued operation | (0.00 | ) | 0.00 | 0.00 | 0.00 | |||||||||||||
Total operations | $ | 0.18 | $ | 0.15 | $ | 0.33 | $ | 0.43 | ||||||||||
Weighted average shares used to compute net income (loss) per share: | ||||||||||||||||||
Basic | 51,576 | 50,401 | 51,241 | 50,722 | ||||||||||||||
Diluted | 53,937 | 52,248 | 53,329 | 52,764 | ||||||||||||||
(1) Includes stock-based employee compensation expense as follows: | ||||||||||||||||||
Cost of recurring revenues | $ | 853 | $ | 615 | $ | 2,647 | $ | 1,810 | ||||||||||
Cost of non-recurring revenues | 578 | 331 | 2,690 | 926 | ||||||||||||||
Total cost of revenues | 1,431 | 946 | 5,337 | 2,736 | ||||||||||||||
Sales and marketing | 2,874 | 1,877 | 10,920 | 5,263 | ||||||||||||||
Product development | 2,083 | 1,440 | 6,941 | 4,338 | ||||||||||||||
General and administrative | 2,003 | 1,108 | 17,399 | 3,007 | ||||||||||||||
Total operating expenses | 6,960 | 4,425 | 35,260 | 12,608 | ||||||||||||||
Total stock-based employee compensation expense | $ | 8,391 | $ | 5,371 | $ | 40,597 | $ | 15,344 | ||||||||||
(2) Net income (loss) per share is based on actual calculated values and totals may not sum due to rounding. | ||||||||||||||||||
ADVENT SOFTWARE, INC. | ||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||
(In thousands) | ||||||||||||
(Unaudited) | ||||||||||||
Nine Months Ended September 30 |
||||||||||||
2013 | 2012 | |||||||||||
Cash flows from operating activities: | ||||||||||||
Net income | $ | 17,803 | $ | 22,434 | ||||||||
Adjustment to net income for discontinued operation net income | (68 | ) | (233 | ) | ||||||||
Net income from continuing operations | 17,735 | 22,201 | ||||||||||
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations: | ||||||||||||
Stock-based compensation | 40,597 | 15,344 | ||||||||||
Excess tax benefit from stock-based compensation | (4,220 | ) | (4,693 | ) | ||||||||
Depreciation and amortization | 18,903 | 19,372 | ||||||||||
Amortization of debt issuance costs | 593 | 285 | ||||||||||
Provision for doubtful accounts | 290 | 209 | ||||||||||
(Reduction of) provision for sales reserves | (196 | ) | 1,019 | |||||||||
Deferred income taxes | 6,281 | 4,043 | ||||||||||
Other | (45 | ) | (521 | ) | ||||||||
Effect of statement of operations adjustments | 62,203 | 35,058 | ||||||||||
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable | 4,181 | 8,062 | ||||||||||
Prepaid and other assets | (860 | ) | 4,137 | |||||||||
Accounts payable | 3,843 | (2,066 | ) | |||||||||
Accrued liabilities | (9,801 | ) | (7,137 | ) | ||||||||
Deferred revenues | (10,210 | ) | (13,506 | ) | ||||||||
Income taxes payable | (5,190 | ) | 7,024 | |||||||||
Effect of changes in operating assets and liabilities | (18,037 | ) | (3,486 | ) | ||||||||
Net cash provided by operating activities from continuing operations | 61,901 | 53,773 | ||||||||||
Cash flows from investing activities: | ||||||||||||
Cash used in acquisition | - | (700 | ) | |||||||||
Purchases of property and equipment | (2,161 | ) | (5,383 | ) | ||||||||
Capitalized software development costs | (2,556 | ) | (1,942 | ) | ||||||||
Purchases of marketable securities | (57,863 | ) | (91,926 | ) | ||||||||
Sales and maturities of marketable securities | 228,619 | 69,600 | ||||||||||
Net cash provided by (used in) investing activities from continuing operations | 166,039 | (30,351 | ) | |||||||||
Cash flows from financing activities: | ||||||||||||
Proceeds from common stock issued from exercises of stock options | 18,382 | 4,211 | ||||||||||
Proceeds from common stock issued under the employee stock purchase plan | 3,211 | 3,448 | ||||||||||
Excess tax benefits from stock-based compensation | 4,220 | 4,693 | ||||||||||
Withholding taxes related to equity award net share settlement | (8,043 | ) | (5,257 | ) | ||||||||
Proceeds from debt | 375,000 | - | ||||||||||
Repayment of debt | (120,000 | ) | (3,750 | ) | ||||||||
Debt issuance costs | (5,725 | ) | - | |||||||||
Repurchase of common stock | (41,256 | ) | (41,275 | ) | ||||||||
Payment of cash dividend | (470,133 | ) | - | |||||||||
Net cash used in financing activities from continuing operations | (244,344 | ) | (37,930 | ) | ||||||||
Net cash transferred to discontinued operation | (358 | ) | (593 | ) | ||||||||
Effect of exchange rate changes on cash and cash equivalents | (75 | ) | 258 | |||||||||
Net change in cash and cash equivalents from continuing operations | (16,837 | ) | (14,843 | ) | ||||||||
Cash and cash equivalents of continuing operations at beginning of period | 58,217 | 65,525 | ||||||||||
Cash and cash equivalents of continuing operations at end of period | $ | 41,380 | $ | 50,682 | ||||||||
Nine Months Ended September 30 |
||||||||||||
2013 | 2012 | |||||||||||
Supplemental disclosure of cash flow information: | ||||||||||||
Noncash investing activities: | ||||||||||||
Capital expenditures included in accounts payable | $ | 738 | $ | - | ||||||||
Cash flows from discontinued operation: | ||||||||||||
Net cash used in operating activities | $ | (358 | ) | $ | (593 | ) | ||||||
Net cash provided by investing activities | - | - | ||||||||||
Net cash transferred from continuing operations | 358 | 593 | ||||||||||
Net change in cash and cash equivalents from discontinued operation | - | - | ||||||||||
Cash and cash equivalents of discontinued operation at beginning of period | - | - | ||||||||||
Cash and cash equivalents of discontinued operation at end of period | $ | - | $ | - | ||||||||
The cash flows from the discontinued operation, as presented in the condensed consolidated statement of cash flows, relate to the operations of MicroEdge, Inc. | ||||||||||||
ADVENT SOFTWARE, INC. |
RECONCILIATION OF SELECTED CONTINUING OPERATIONS' GAAP MEASURES TO NON-GAAP MEASURES |
(In thousands, except per share data) |
(Unaudited) |
To supplement our condensed consolidated financial statements presented in accordance with generally accepted accounting principles in the United States of America (or GAAP), Advent uses non-GAAP measures of continuing operations' gross margin, operating income, net income and net income per share, which are adjusted to exclude certain costs, expenses, income, gains and losses we believe appropriate to enhance an overall understanding of our past financial performance and also our prospects for the future. These adjustments to our current period GAAP results are made with the intent of providing both management and investors a more complete understanding of Advent's underlying operational results and trends and our marketplace performance. In addition, these non-GAAP results are among the information management uses as a basis for our planning and forecasting of future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for results prepared in accordance with GAAP.
Three Months Ended September 30 | |||||||||||||||
2013 | 2012 | ||||||||||||||
Amount | % of Net Revenues | Amount | % of Net Revenues | ||||||||||||
GAAP gross margin | $ | 64,976 | 67.1 | % | $ | 57,361 | 63.6 | % | |||||||
Amortization of acquired intangibles | 1,883 | 1,894 | |||||||||||||
Stock-based compensation | 1,431 | 946 | |||||||||||||
Non-GAAP gross margin | $ | 68,290 | 70.6 | % | $ | 60,201 | 66.8 | % | |||||||
GAAP operating income | $ | 17,371 | 18.0 | % | $ | 12,629 | 14.0 | % | |||||||
Amortization of acquired intangibles | 2,836 | 2,849 | |||||||||||||
Stock-based compensation | 8,391 | 5,371 | |||||||||||||
Restructuring benefit | (157 | ) | (17 | ) | |||||||||||
Recapitalization costs | - | - | |||||||||||||
Transaction related fees | 565 | - | |||||||||||||
Non-GAAP operating income | $ | 29,006 | 30.0 | % | $ | 20,832 | 23.1 | % | |||||||
GAAP net income | $ | 9,833 | $ | 7,687 | |||||||||||
Amortization of acquired intangibles | 2,836 | 2,849 | |||||||||||||
Stock-based compensation | 8,391 | 5,371 | |||||||||||||
Restructuring benefit | (157 | ) | (17 | ) | |||||||||||
Recapitalization costs | - | - | |||||||||||||
Transaction related fees | 565 | - | |||||||||||||
Income tax adjustment (1) | (4,549 | ) | (2,434 | ) | |||||||||||
Non-GAAP net income | $ | 16,919 | $ | 13,456 | |||||||||||
GAAP net income | $ | 9,833 | $ | 7,687 | |||||||||||
Net interest | 2,631 | 422 | |||||||||||||
Provision for income taxes | 4,561 | 4,812 | |||||||||||||
Depreciation expense | 2,771 | 2,980 | |||||||||||||
Amortization expense | 3,461 | 3,541 | |||||||||||||
Stock-based compensation | 8,391 | 5,371 | |||||||||||||
Adjusted EBITDA | $ | 31,648 | $ | 24,813 | |||||||||||
Diluted net income per share | |||||||||||||||
GAAP | $ | 0.18 | $ | 0.15 | |||||||||||
Non-GAAP | $ | 0.31 | $ | 0.26 | |||||||||||
Shares used to compute diluted net income per share | 53,937 | 52,248 | |||||||||||||
(1) The estimated non-GAAP effective tax rate was 35% for the three months ended September 30, 2013 and 2012, respectively, and has been used to adjust the provision for income taxes for non-GAAP net income and non-GAAP diluted net income per share purposes. | |||||||||||||||
ADVENT SOFTWARE, INC. |
RECONCILIATION OF PROJECTED CONTINUING OPERATIONS' GAAP OPERATING INCOME % |
TO NON-GAAP OPERATING INCOME % |
(Preliminary and unaudited) |
Advent provides projections for the non-GAAP measure of its continuing operations' operating income percentage. This non-GAAP measure excludes certain costs, expenses, gains and losses which we believe is appropriate to enhance an overall understanding of our past financial performance and also our prospects for the future. Adjustments to our projected continuing operations' GAAP results are made with the intent of providing management and investors a more complete understanding of Advent's underlying operational results and trends and our marketplace performance. In addition, these adjusted non-GAAP projections are among the information management uses as a basis for planning and forecasting of future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for results prepared in accordance with generally accepted accounting principles in the United States of America.
Twelve Months Ending December 31, 2013 | ||||
Continuing Operations | ||||
Operating Income % | ||||
Projected GAAP | 11.0% | to | 11.5% | |
Projected stock-based compensation adjustment | 13.0% | |||
Projected amortization of acquired developed technology and other acquired intangible asset adjustment | 3.0% | |||
Projected recapitalization costs | 1.5% | |||
Projected restructuring charge adjustment | 1.0% | |||
Projected non-GAAP | 29.5% | to | 30.0% | |
CONTACTS
Media Contact:
Amanda Diamondstein-Cieplinska
Advent Software, Inc.
(415) 645-1668
Email Contact
Investor Relations Contact:
Justin Ritchie
Advent Software, Inc.
(415) 645-1683
Email Contact