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Unify exceeds 4Q expectations

Unify (Nasdaq: UNFY) easily hurdled analyst estimates in the fourth quarter.

After market close Tuesday, the vendor of business software and development tools reported fiscal fourth quarter net income of $3.6 million, or 18 cents per share, not counting one-time events. Analyst consensus predicted a profit of 15 cents per share, according to Zack's Investment Research.

Including tax benefit of $5.1 million, Unify earned $8.6 million, or 43 cents per share.

Revenue in the fourth quarter increased to $11.5 million, a 30 percent gain year-over-year. Internet-related license fees rose 63 percent to $6.2 million. Overall license fees gained 36 percent to $8.2 million.

For fiscal 2000, Unify earned $10.2 million, or 56 cents per share, excluding non-recurring events. Full year revenue increased to $39.5 million, from $30.8 million in fiscal 1999.

Shares of Unify fell 1/2 to 11 7/16 in Tuesday's regular trading, prior to the earnings report.

Competitors of Unify include BEA Systems (Nasdaq: BEAS) and Sun Microsystems (Nasdaq: SUNW), according to Hoover's Online.>