Advent Software (Nasdaq:ADVS) is trading at unusually high volume Wednesday with 697,558 shares changing hands. It is currently at 4.4 times its average daily volume and trading up 60 cents (+2.1%) at $28.50 as of 3:43 p.m. ET.

Advent Software has a market cap of $1.4 billion and is part of the technology sector and computer software & services industry. Shares are down 3.7% year to date as of the close of trading on Tuesday.

Advent Software, Inc. provides software and services that automate work flows and data across investment management organizations, as well as the information flows between an investment management organization and external parties. The company has a P/E ratio of 61.3, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.7.

TheStreet Ratings rates Advent Software as a buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Advent Software Ratings Report.

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Source:http://www.thestreet.com/story/11096693/1/advent-software-rises-on-unusually-high-volume-advs.html

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 first quarter ended March 31, 2011.

“I am pleased to report strong first quarter results, reflecting solid global execution and continued demand for our market-leading solutions,” said Stephanie DiMarco, Founder and Chief Executive Officer of Advent. “By staying focused on our strategy — broadening our product portfolio, expanding our global footprint, and growing our addressable market — 2011 is off to a great start, and we see strong demand ahead that will continue to drive top-line growth.”

FIRST QUARTER 2011 RESULTS

GAAP Results for Continuing Operations

The Company reported quarterly revenue from continuing operations of $75.3 million for the first quarter of 2011, compared to $66.7 million in the first quarter of 2010, a 13% increase.

Operating income from continuing operations for the first quarter of 2011 was $11.5 million, or 15% of revenue, up from $7.3 million or 11% of revenue for the first quarter of 2010.

Net income from continuing operations for the first quarter of 2011 was $7.9 million compared to $4.2 million in the first quarter of 2010, an 86% increase.

On a fully diluted basis, earnings per share from continuing operations in the first quarter of 2011 were $0.14 and represent an 83% increase from diluted earnings per share of $0.08 in the first quarter of 2010.

Operating cash flow from continuing operations in the first quarter of 2011 was $11.6 million, compared with $12.5 million in the first quarter of 2010, an 8% decrease. Cash, cash equivalents and marketable securities of continuing operations totaled $140.9 million as of March 31, 2011, compared to $152.0 million as of December 31, 2010, a 7% decrease.

Total deferred revenue from continuing operations as of March 31, 2011 was $156.5 million, compared to $154.2 million as of December 31, 2010, a 1% increase from the end of last quarter.

Non-GAAP Results for Continuing Operations

Non-GAAP operating income from continuing operations for the first quarter of 2011 was $17.7 million, or 23% of revenue. This represents a 39% increase compared to $12.7 million from continuing operations, or 19% of revenue, in the first quarter of 2010. On a fully diluted basis, non-GAAP earnings per share from continuing operations were $0.21 in the first quarter of 2011 and represent a 45% increase from non-GAAP diluted earnings per share of $0.14 in the first quarter of 2010.

The reconciliation between GAAP and non-GAAP financial measures is provided at the end of this press release.

Source:http://pr-usa.net/index.php?option=com_content&task=view&id=704827&Itemid=30