WOW What a report!
news.moneycentral.msn.com
TIBCO Software Announces Fourth Quarter and Fiscal Year 2000 Financial Results
December 19, 2000 4:00:00 PM ET
Customer Demand for Infrastructure Software Drives Revenue Growth
Customers Include: Concert, Continental Airlines, Samsung, The Limited, Hitachi Semiconductor, Knight Securities, El Paso Energy and TNT Logistics
PALO ALTO, Calif., Dec. 19 /PRNewswire/ -- TIBCO Software Inc. TIBX, a leading provider of real-time infrastructure software for e-business, announced today results for its fourth fiscal quarter and year ended November 30, 2000. Growth during the quarter and the year was driven by increasing demand for TIBCO's infrastructure software, which powers many of the world's leading e-businesses.
Total revenues for the fourth quarter were $89 million, an increase of 166 percent over $33 million in the same period a year earlier and a 32 percent increase over the prior quarter. Fiscal year 2000 revenues were $252 million, up from $96 million, a 161 percent increase over the same period last year.
Excluding charges relating to stock compensation, goodwill, equity investments and acquired in-process research and development, TIBCO's net income for the fourth fiscal quarter was $22 million, or 10 cents per share, compared to a net income of $1 million, or 0 cents per share, for the fourth quarter of 1999.
License revenues were $68 million for the fourth quarter, an increase of 214 percent from $22 million in the same period last year.
"In fiscal 2000, we significantly increased our lead over competitors, doubled our customer base and achieved financial results ahead of schedule," said Vivek Ranadive, chairman and CEO of TIBCO Software. "Infrastructure software has become fundamental to how companies do business. Our customer list of leading companies reflects the increasing demand for reliable, flexible and scalable e-business infrastructure."
Highlights for TIBCO's Fourth Quarter and Fiscal Year 2000
Customers
TIBCO added 100 new direct customers during the quarter and strengthened its leadership position in key vertical markets such as telecommunications and wireless, energy, manufacturing and Internet portals. Customers include Concert, Continental Airlines, Samsung, The Limited, Hitachi Semiconductor, Knight Securities, El Paso Energy and TNT Logistics.
During the year, TIBCO added 343 new customers, bringing the total number of direct TIBCO customers to nearly 700. Fiscal 2000 customers include Enron, Telstra, KPN Telecom, Seagate, Saturn, Delta Air Lines, Coral Energy, Pirelli, Southern Company, Shell Energy, Corning, T-Online and NBCi.
Strategic Partners
During the quarter, TIBCO announced new or expanded partnerships with Ariba, Quintessent, KPMG, Verity, Deloitte Consulting, Nokia and Broadvision, and 30 new companies joined the TIBCO Alliance Program. For the year, TIBCO announced relationships with Cisco, Yahoo!, Andersen Consulting, Aether and Phone.com. During the year, TIBCO trained more than 6,000 individuals on TIBCO products.
Products
During the quarter, TIBCO released 22 new products or product enhancements, including two new releases from the TIBCO Extensibility(TM) product family, XML Authority(R) and the beta version of XML Canon(TM. For the year, TIBCO released 54 new products or product enhancements and expanded offerings to include four product families: TIBCO ActiveEnterprise(R), TIBCO ActivePortal(TM), TIBCO ActiveExchange(TM) and TIBCO Extensibility(TM).
The TIBCO ActiveEnterprise product family, used for integration, is a broad and flexible suite that ties together business processes, applications and data in real-time to create the total e-business infrastructure. The TIBCO ActivePortal product family, used for enterprise portal creation, enables companies to extend the enterprise to customers, business partners and employees, providing them with a unified yet personalized view of the information they need. The TIBCO ActiveExchange product family, used for business-to-business (B2B) connectivity, offers a B2B e-business integration platform that allows organizations to smoothly integrate their business processes with those of other players in the e-marketplace. The TIBCO Extensibility product family, used for XML applications, provides an enterprise class platform for the development and deployment of XML-enabled e-business applications.
About TIBCO Software Inc.
TIBCO Software Inc. is a leading provider of real-time e-business infrastructure software. TIBCO's four product lines -- TIBCO ActiveEnterprise(R), TIBCO ActiveExchange(TM), TIBCO ActivePortal(TM) and TIBCO Extensibility(TM) -- enable businesses to integrate enterprise applications, interact with other businesses in B2B commerce, and efficiently deliver personalized information through enterprise portals. TIBCO's products enable the real-time distribution of information through patented technology called The Information Bus(R), or TIB(R). TIB technology was first used to digitize Wall Street and has since been adopted in diverse industries including telecommunications, electronic commerce, manufacturing and energy. TIBCO's global direct customer base includes more than 600 customers from around the world such as Cisco Systems, Yahoo!, Ariba, NEC, Enron, Sun Microsystems, GE Capital, Philips, AT&T, Pirelli and AOL/Netscape. Headquartered in Palo Alto, California, TIBCO can be reached at 650-846-1000 or on the web at www.tibco.com.
NOTE: TIBCO, TIBCO ActiveEnterprise, TIBCO ActiveExchange, TIBCO ActivePortal, TIBCO Extensibility, The Information Bus and TIB are trademarks or registered trademarks of TIBCO Software Inc.
Legal Notice Regarding Forward-Looking Statements: This release contains forward-looking statements regarding TIBCO's business, customers, markets served or other factors including the ability of products to meet customers' expectations, needs, or perform as described that may affect future earnings or financial results. Our actual results could differ in such forward-looking statements. Reasons for why actual results could differ materially include if products are unable to successfully meet customer expectations or needs or perform as described. Additional information concerning factors that could cause our actual results to differ materially from those contained in the forward-looking statements can be found in TIBCO Software's filings with the Securities and Exchange Commission ("SEC"), including but not limited to its most recent reports on Forms 10-Q and 10-K filed with the SEC on October 13, 2000 and February 25, 2000 respectively, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements including limited independent operating history, history of losses, unpredictability of future revenue, dependence on a limited number of customers, relationship with Reuters Group PLC, rapid technological and market changes, risks associated with infrastructure software and volatility of stock price. Copies of filings made with the SEC are available through the SEC's electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov. TIBCO assumes no obligation to update the forward-looking statements included in this document. |
