Sonic Foundry Inc. (Nasdaq:SOFO) annnounced financial results for its fourth fiscal quarter and fiscal year ended September 30, 2011 . Revenues of $6.7 million , up 23 percent from the fiscal fourth quarter of 2010. Services revenue of $3.2 million , up 33 percent from $2.4 million in the fourth quarter of fiscal 2010. Billings of $7.0 million , up 10 percent from the unseasonably high fiscal fourth quarter of 2010. Operating expenses of $5.1 million , or $4.6 million excluding a one-time accrued severance expense of $528 thousand , an increase of 20 percent from $3.8 million during the fiscal fourth quarter of 2010.

Sonic Foundry, Inc. provides enterprise solutions and services for the Web communications market worldwide. It offers Web casting, lecture capture, and knowledge management solutions for higher education institutions, businesses, and government agencies.


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