Ariba (expected --->$-0.17 actual $-0.12) Announces Record Quarterly Revenues of $17 Million, Up 266%
Net Loss Per Share $0.12, Beats First Call Estimates
SUNNYVALE, Calif., Oct. 19 /PRNewswire/ -- Ariba, Inc. (Nasdaq: ARBA - news), the leading independent business-to-business electronic commerce network, today announced record results for the fourth quarter ended September 30, 1999.
Revenues for the fourth quarter of fiscal 1999 marked the largest quarter in Ariba's history at $17.1 million, up 266 percent from the same period last year. Net loss for the quarter excluding the amortization of stock-based compensation was $4.6 million or a loss of $0.12 per share, beating First Call consensus estimate of a loss of $0.17 per share. During the corresponding quarter in fiscal 1998, the net loss was $2.2 million or a loss of $0.28 per share, excluding the amortization of stock-based compensation. Including the amortization of stock-based compensation, net loss for the fourth quarter of fiscal 1999 was $9.9 million or a loss of $0.26 per share.
Revenues for the fiscal year 1999 marked Ariba's continued leadership as the largest independent business-to-business e-commerce network of buyers and suppliers. Fiscal year 1999 revenues were $45.4 million, up 443 percent versus $8.4 million in the same period last year. Net loss for the fiscal year excluding stock-based compensation was $14.7 million or a loss of $0.84 per share. Including the amortization of stock-based compensation, net loss for the fiscal year was $29.3 million or a loss of $1.67 per share.
''Upside in the quarter came from higher than expected revenues from transaction-based licenses and faster than expected migration onto the Ariba Network, as e-commerce is becoming a strategic imperative for leading corporations,'' said Keith Krach, chairman and chief executive officer of Ariba. ''By capitalizing on our early mover advantage in providing the first business-to-business eCommerce buying infrastructures to some of the world's largest, most respected corporations, and attracting over 20,000 corporate suppliers, Ariba has created a global eCommerce network. With another record-breaking quarter, we've extended that leadership going into the next fiscal year.''
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Ariba and BCE Emergis Form Global Alliance to Deliver Business-to-Business E-Commerce Solutions
BCE Emergis to Create Business-to-Business Marketplace Powered By Ariba Network
SUNNYVALE, Calif. and MONTREAL, Oct. 19 /PRNewswire/ -- Ariba, Inc. (Nasdaq: ARBA - news), the leader in business-to-business eCommerce solutions for operating resources, and BCE Emergis, one of the leading eCommerce providers in North America, today jointly announced a broad business-to-business eCommerce alliance. BCE Emergis and Ariba will co-market their eCommerce solutions and expand the reach of the Ariba Network(TM) platform through the creation of the BCE Emergis enabled market place. This strategic alliance will further provide BCE Emergis with new business opportunities in the U.S.
As part of the agreement BCE Emergis will 1) use the global Ariba Network platform, including the Ariba Internet Business Exchange(TM) (Ariba IBX(TM)) service, to create a marketplace and network centric buying application infrastructure for connecting buyers and sellers, 2) team with Ariba to market e-procurement solutions to buying organizations of all sizes, 3) become an Ariba application service provider (ASP) to both resell and host Ariba ORMX(TM) applications for mid-size and large businesses, 4) conduct joint development and deployment of future value added services for the Ariba Network platform, and 5) provide worldwide redundant mirroring services for the Ariba Network platform. |
