New Era of Networks Inc. (Nasdaq: NEON) said Thursday it anticipates revenue of about $50 million for the quarter ended June 30.
The company said revenue growth was driven by an increase in customers using its e-business software -- it signed over 150 software contracts during the quarter. First Call Corp. was expecting the company to earn 4 cents a share.
Shares in the company were up 2 1/16 to 41 1/8. Neon also pre-announced a bright first quarter.
The company also strengthened and expanded partner relationships in the second quarter. It has inked deals with BroadVision (Nasdaq: BVSN), IBM (NYSE: IBM) and Commerce One (Nasdaq: CMRC).
The company said the broad acceptance of its e-business products, including NEON technology embedded in IBM and BEA Systems (Nasdaq: BEAS) is driving even stronger demand.
"We are seeing strong demand. While most of our sales do not involve a competitor, we have a very high win rate when there is a technical flyoff,'' said CEO Rick Adam in a statement.
NEON will release its full earnings report on July 20.