Vignette Corporation Announces Record Fourth Quarter Results
Quarterly Revenue Increases 512% Year-Over-Year, and 69% Sequentially Quarter-to-Quarter
AUSTIN, Texas, Jan. 25 /PRNewswire/ -- Vignette Corporation (Nasdaq: VIGN - news) today announced that for the quarter ended December 31, 1999, total revenues increased 512% to $40.9 million from revenues of $6.7 million for the same period in 1998. Loss from core operations for the fourth quarter, excluding acquisition-related charges, amortization of deferred stock compensation and amortization of intangibles was $2.7 million or $(.05) per share, compared to $7.6 million or $(.20) per share for the same period in 1998. Reported net loss for the quarter was $5.6 million or $(.10) per share, compared
to a net loss of $9.2 million or $(.24) per share, for the same period in 1998.
For the twelve months ended December 31, 1999, total revenues were $89.2 million, a 450% increase over total revenues of $16.2 million for the same period in 1998. Reported net loss for the twelve months ended December 31, 1999 was $42.5 million compared to a net loss of $26.2 million for the same period in 1998.
In an effort to provide a comparison with analyst models, the net loss per share figures above have been presented on a pro forma basis, as if all preferred shares were converted to common shares at the time of issuance.
''1999 was a phenomenal year for Vignette and placed the Company as the fastest growing enterprise software company ever,'' said Greg Peters, president and CEO, Vignette Corporation. ''This achievement reinforces the market acceptance of our leading e-business applications and is the result of superior execution by an incredibly energized workforce focused on the success of our customers.''
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