Net income for the quarter was $8.9 million or 26 cents per share. This compares to $7.0 million or 21 cents per share in the fourth quarter of last year. Net income for the fourth quarter of 1999 included a non-recurring interest and other income gain of $1.2 million.
For the year, net revenues were $134.9 million, from $101.6 million in 1999. Net income for 2000 was $25.8 million or 75 cents per share from $17.4 million or 58 cents per share last year.
Advent completed the quarter with a mix of new companies from all over the world joining its client list, numerous existing clients purchasing additional components of the Advent OfficeT suite, new relationships with technology and service providers designed to expand its core product base, and four new Geneva clients.
Our results from the fourth quarter exemplify Advent’s continued ability to provide investment organizations of all types and sizes with sophisticated technology to meet their changing needs, said Peter Caswell, President and Chief Executive Officer of Advent Software, Inc. We’re extremely pleased to be recognized as a business partner that can anticipate the needs of our clients, and assist them as they grow their organizations.
