Strong earnings lift BroadVision shares

BroadVision (Nasdaq: BVSN) shares moved up 4 7/8, or 15 percent, to 37 1/4 Thursday after it easily topped analysts' estimates in its first quarter.

The provider of customized applications for e-commerce earned $10 million, or 4 cents a share, on sales of $61.5 million.

First Call's survey of 22 analysts predicted a profit of 2 cents a share.

Revenue in the first quarter increased to $61.5 million, up 41 percent sequentially and up 232 percent year-over-year. BroadVision landed 102 new licensed end-user customers during the quarter. Eight companies signed up as partners using BroadVision's products.

Fifty-six BroadVision customers went online with their e-commerce sites during the quarter, the company said.

Its shares hit a 52-week high of 93 1/4 in March after falling to a low of 4 7/16 in May.

Twenty of the 22 analysts tracking the stock rate it either a "buy" or "strong buy."

Competitors of BroadVision include Open Market (Nasdaq: OMKT) and Interworld (Nasdaq: INTW).

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