SBAS - StarBase Revenue Range of $3.4 - $3.6M Exceeds Expectations; First Quarter Revenues Grow at Least 195% Over Last Year and 57% Sequentially
SANTA ANA, Calif., July 20 /PRNewswire/ -- StarBase Corporation (Nasdaq: SBAS - news), a leading provider of Internet and intranet based technical collaboration and software configuration management tools, today announced preliminary operating results for the first fiscal quarter ending June 30, 1999. StarBase management anticipates that revenue for the first fiscal quarter will be between $3.4 and $3.6 million. This represents at least 195% percent growth over the same period last year and at least 57% percent growth over the last quarter of fiscal year 1999. Furthermore, operating expenses for the first quarter are estimated to be between $3.7 and $3.8 million. The company expects to formally announce the results of operations for the first quarter by the second week of August.
William R. Stow III, chairman and chief executive officer of StarBase, stated, ''This has been a very exciting quarter for the company. Building on the momentum from the release of StarTeam 4.0 during last quarter, revenues continued to increase while our operating losses declined. We expect this trend to continue, bringing the company into profitability this fiscal year. With the more recent launch of StarTeam 4.1 as a primary enabler of e-business development, we expect to further penetrate the corporate wide enterprise customer. We also anticipate establishing additional strong partnership relationships similar to the one established with Macromedia this last quarter.''
We will conduct a conference call today at 4:15 EDT on vcall.com and look forward to discussing these positive results in further detail.
Forward Looking Statement
When used in the preceding discussion, the words ''believes, expects, or intend to'' and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, (i) conditions in the general economy or the software industry, (ii) the timely development and market acceptance of products and technologies, (iii) competitive factors, (iv) demand for team productivity software products, (v) sell-through of products in the sales channel, (vi) and other risks described in StarBase Corporation's SEC reports and filings.
About StarBase
StarBase Corporation, with headquarters in Santa Ana, California, offers a complete family of advanced Internet and Intranet-based technical collaboration and software configuration management tools for improving team productivity, including Year 2000 and Enterprise Program Management Office applications. StarTeam has won several awards including receiving Two Thumbs Up from New Media in May 1999, receiving Four Stars from Software Development in August 1999, being named the 25th fastest growing ISV for Windows by Microsoft and CMP Media in April 1999, InfoWorld's 1997 ''Best of the Test Center,'' PCWeek's 1996 Analyst's Choice and PC Week's 1996 IT Excellence Award. Leading organizations such as Hollywood Entertainment, Bank of America, Boeing, Dell Corporation, Intel Corporation, Sprint, and Xerox have chosen StarTeam to aid in their development projects. StarBase is located at 4 Hutton Centre Drive, Suite 800, Santa Ana, CA 92707. Tel: 714-445-4400. Fax: 714-445-4404. Visit StarBase's web site at starbase.com.
StarBase and its product names are trademarks of StarBase Corporation. All other products are trademarks of their respective owners.
SOURCE: StarBase Corporation |
