BroadVision Inc. (BVSN:NASDAQ)

BroadVision Inc. will showcase Clearvale, its new enterprise social networking portal enabling companies to create secure business networks centered around enhanced communication and collaboration, at the Enterprise 2.0 Conference in San Francisco, CA, Moscone Convention Center North. BroadVision will be in Booth #625. Leveraging 16 years of experience in building and delivering business portals, BroadVision(R) Clearvale is a second-generation enterprise-class social networking portal providing companies with an enhanced brand experience built upon transformative, innovative and interactive business processes, allowing companies to increase productivity while lowering servicing and selling costs. BroadVision will demonstrate how all of Clearvale's integrated features from blog, forum and community functionalities to higher level tools such as secure document sharing, versioning and workflow management can help improve a company's business processes and increase productivity in Web 2.0 environment. Designed and built specifically for enterprise use, the Clearvale(TM) solution targets organizations that seek to improve workflow and increase ROI while reducing cost through new methods of interaction and collaboration within the workplace. An open platform, Clearvale offers end-users easy setup, immediate usability and the ability to implement certified third party applications, all while maintaining the reliability, scalability, performance and security required of traditional enterprise software products.

BroadVision Inc. reported earnings results for the third quarter ended September 30, 2009. Revenues for the third quarter were $7.5 million, compared with revenues of $8.2 million for the comparable quarter of 2008, respectively. In the third quarter of 2009, the company posted net income on a U.S. Generally Accepted Accounting Principles basis of $1.8 million, or $0.41 per basic and diluted share, as compared with GAAP net income of $0.3 million, or $0.07 per basic and $0.06 diluted share, for the comparable quarter of 2008. Non-GAAP measure net income for the third quarter of 2009 was $2.0 million, or $0.45 per basic and diluted share, compared with non-GAAP measure net income of $0.1 million, or $0.03 per basic and diluted share, for the comparable quarter of 2008. These non-GAAP measure results exclude restructuring (credit) charge, stock compensation expense and revaluation of warrant liabilities. The company reported operating income was $557,000 and income before benefit (provision) for income tax of $1.7 million against operating income was $147,000 and income before benefit (provision) for income tax of $330,000 for the same period a year ago. For the nine months, the company reported operating income of $2.0 million, income before benefit (provision) for income tax of $3.4 million and net income of $3.3 million or $0.75 diluted per share on total revenues of $23.7 million against operating income of $2.0 million, income before benefit (provision) for income tax of $7.4 million and net income of $7.1 million or $1.60 diluted per share on total revenues of $26.3 million for the same period a year ago. Non-GAAP measure net income for the nine months of 2009 was $4.1 million, or $0.92 per basic and diluted share, compared with non-GAAP measure net income of $4.3 million, or $0.93 per basic and diluted share, for the comparable quarter of 2008.

BroadVision Inc., Q3 2009 Earnings Call, Oct 28 2009