Ariba earnings. If this company is really comparable to PMTC's WC, then we have a serious valuation gap. WC did $38 million last quarter, and PMTC has a market cap of about one third Ariba's.
biz.yahoo.com
Ariba Announces Record First Quarter Revenues of $23.5 Million, Up 243%
Net Loss Per Share $0.07, Beats First Call Estimates
MOUNTAIN VIEW, Calif., Jan. 11 /PRNewswire/ -- Ariba, Inc. (Nasdaq: ARBA - news), the leader in business-to-business electronic commerce, today announced record results for the first quarter ended December 31,
1999.
Revenues for the first quarter of fiscal 2000 marked the largest quarter in Ariba's history at $23.5 million, up 243
percent from the same period last year. Net loss for the quarter excluding the amortization of stock-based compensation
was $5.6 million or a loss of $0.07 per share, beating the First Call consensus estimate of a loss of $0.11 per share.
During the corresponding quarter in fiscal 1999, the net loss was $1.2 million or a loss of $0.07 per share, excluding the
amortization of stock-based compensation. Including the amortization of stock-based compensation, net loss for the first
quarter of fiscal 2000 was $10.3 million or a loss of $0.13 per share.
During the quarter, several new global corporations joined the Ariba B2B eCommerce platform including AAPT,
American Management Systems, Bell Canada, DuPont, Electronic Data Systems, J.D. Edwards & Co., Qwest
Communications International, Inc., Seibel Systems Inc., Sony Corporation, Telecom New Zealand, Usinternetworking
Inc., among several others. In aggregate, the Ariba customer base spends an estimated US$200 billion annually on
operating resources alone. Additionally this quarter, customers began extending their Ariba Platform on ramp to put into
action the next wave of B2B e-commerce: net markets.
''Our first fiscal quarter results marked a pivotal point for Ariba and the B2B eCommerce marketplace,'' said Keith
Krach, chairman and chief executive officer of Ariba. ''We continued to broaden our lead in the core buy-side
eCommerce market, closing the calendar year with more and larger buying organizations than any other player.
Customers now also come to us, as part of a natural extension to their buy-side B2B eCommerce strategies, to create net
markets on the Ariba platform. Ariba now has the leadership position in both the traditional buyer enablement and the
new net markets space, the next generation in B2B eCommerce.''
The following highlights were announced during Ariba's first fiscal quarter:
Ariba announced that it has signed a definitive agreement to acquire privately-held TRADEX Technologies, Inc.,
the leading provider of solutions for net markets. The acquisition was Ariba's latest move to extend its existing
leadership in buy-side eCommerce to encompass the critical areas of the new business-to-business (B2B)
economy, including highly strategic net markets that are expected to reshape industries for virtually all direct and
indirect goods and services. Ariba will issue stock worth approximately US $1.86 billion, at the time of the
announcement, to TRADEX stockholders. The parties expect the transaction to close near the end of the first
quarter of calendar 2000. The agreement is structured as a stock-for-stock merger and will be accounted for as a
purchase transaction.
Ariba announced that it has signed a definitive agreement to acquire TradingDynamics, Inc., a leading provider
of business-to-business Internet trading applications. With this acquisition, Ariba expands its market by adding
eCommerce products and services designed for net market makers to create Internet business-to-business
marketplaces. In addition, new Ariba Network commerce services will be offered through to buyers and
suppliers on the Ariba platform. These new transaction-based network services will include auction, request for
quote (RFQ), reverse auction, and exchange mechanisms. The agreement is structured as a stock for stock
merger, and will be accounted for as a purchase transaction. Ariba will issue stock worth approximately $400
million, at the time of the announcement, to TradingDynamics stockholders. The parties expect that the
transaction will close in the first quarter of calendar 2000.
BCE announced that Bell Canada, BCE Emergis, and Ariba have signed a long-term agreement in which BCE
Emergis will provide Bell Canada and its subsidiaries with a fully-managed business-to-business corporate net
market and eProcurement solution. The agreement provides a fully-managed Internet-based marketplace on the
Ariba platform, featuring Bell Canada among the first buyers.
Ariba, Inc. and Telefonica SA, one of the world's largest telecommunications companies, jointly announced a
preliminary agreement in which Telefonica would build a series of business-to-business (B2B) corporate net
markets in Spain, Argentina, Brazil, Chile, Peru and Mexico. Using the Ariba B2B eCommerce platform,
Telefonica would deploy a series of localized corporate net markets for business buyers and suppliers in Latin
America, all made interoperable through the Ariba Network(TM) services.
In Ariba's first major venture into the rapidly emerging government-to-business (G2B) marketplace, American
Management Systems, a leading business and information technology consulting firm, and Ariba, Inc.
announced the launch of Buysense.com, the first Web-based marketplace designed to fundamentally transform
the government purchasing process. Buysense.com will provide significant cost savings and operating
efficiencies for state and local government organizations, institutions of higher education, and suppliers to these
organizations in the procurement and trading of a wide range of goods and services. Powered by Ariba
Network(TM) services and the Ariba ORMX(TM) application, this online marketplace represents the first
Internet standards-based, extranet eCommerce solution for the government and education market.
Ariba, Inc. announced the company's board of directors authorized a two-for-one stock split, which was
effected in the form of a stock dividend. The stock split was effected by distribution to each stockholder of
record as of December 3, 1999 one share of Ariba's common stock for each share of common stock held. Total
outstanding shares of common stock was approximately 92 million as of December 31, 1999.
About Ariba
Ariba is the leading provider of business-to-business electronic commerce solutions. The company's products and
services efficiently connect requestors to approvers and buyers to suppliers to deliver an automated solution for
improving the acquisition and management of operating resources, the goods and services required to operate a
company. The Ariba Network platform solution has been licensed by large, multinational industry leaders and public
sector organizations including Cisco Systems, FedEx, Hewlett-Packard Company, Philips, U S WEST and Visa. Ariba
can be contacted at 650-930-6200 or at www.ariba.com. |
