Stock Watch:Strong Q1 Boosts BroadVision

BroadVisionInc. (Nasdaq: BVSN) was up 2 1/8 to 34 1/2 in morning trading Thursday, after the e-commerce software company reported first-quarter results that were ahead of expectations.

Revenue rose to $61.5 million from $18.5 million, while net income climbed to $10.0 million, or 4 cents per fully diluted share, from $2.9 million, or one cent, in the year-earlier quarter. Analysts were expecting the company to earn 2 cents a share.

BroadVision signed 110 new licensed customers during the quarter. The company said it gained market share in all its core markets — financial services, retail/wholesale, manufacturing/high-tech, travel/tourism and telecommunications — and also expanded into new areas, including energy, healthcare and government.

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