SERENA Software Reports Record Third Quarter Results
License Revenue up 53%, EPS up 64%
BURLINGAME, Calif., Nov. 6 /PRNewswire/ -- SERENA Software, Inc. (Nasdaq: SRNA), a global company providing
software infrastructure products and services that automate the management of enterprise software changes, announced today
record revenue and reported net income per diluted share excluding amortization of intangible assets of $0.18 for the third fiscal
quarter ending October 31, 1999.
Total revenue for the third quarter of fiscal 2000 was $19.1 million, an increase of 56% over the same quarter of fiscal 1999.
Software license revenue for the third quarter of fiscal 2000 increased to $10.2 million up 53% over the same quarter a year
ago. Maintenance revenue for the third quarter of fiscal 2000 increased to $7.3 million, up 67% when compared to the same
quarter a year ago. Operating income before amortization of intangible assets for the third quarter increased to $6.5 million up
83% over last year's corresponding quarter.
Net income and net income per diluted share for the third quarter of fiscal 2000, excluding amortization of intangible assets,
increased 122% to $4.7 million and 64% to $0.18 compared to net income and net income per diluted share of $2.1 million
and $0.11 in the same quarter a year ago. Including amortization of intangible assets, net income and net income per diluted
share were $4.1 million and $0.15 as compared to $1.9 million and $0.10 in the same quarter a year ago.
"We are very pleased to announce record results again this quarter as customers select SERENA to meet their growing needs
to manage complexity and e-business initiatives," said Richard A. Doerr, Chief Executive Officer. "We announced earlier than
usual to allow us to freely discuss the strength of our core business with shareholders during several upcoming technology
conferences." |
