Business Objects Reports Record Q4 1999 Results
Revenue Grows 45%
e-Business Momentum Continues
SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 2, 2000--Business Objects (Nasdaq:BOBJ - news; PARIS BOURSE: code SICOVAM 12074) today announced its results for the fourth quarter and year ended December 31, 1999, with revenue increases of 45 percent over the comparable three- and twelve-month periods in fiscal 1998.
Fourth quarter revenues were a record $74.8 million, an increase of 45 percent compared to revenues of $51.5 million for the quarter ended December 31, 1998. Net income for the fourth quarter was $9.5 million, an increase of 106 percent compared to $4.6 million for the same period last year. Diluted net income per share and per ADS for the quarter ended December 31, 1999 was $0.23, compared to $0.13 in the fourth quarter of last year. Diluted net income per share and per ADS have been adjusted to reflect the two-for-one split of ordinary shares and ADS in January of 2000.
Revenues for the year ended December 31, 1999 were $241.6 million, an increase of 45 percent compared to revenues of $166.9 million during 1998. Net income for the year ended December 31, 1999 was $23.8 million, an increase of 131 percent compared to $10.3 million for 1998. Diluted net income per share and per ADS for the year ended December 31, 1999 was $0.60, compared to $0.29 for 1998.
''With these fourth quarter results, we have now had ten consecutive quarters of year-over-year 40%+ revenue growth'' said Bernard Liautaud, president and chief executive officer of Business Objects. ''We are especially pleased with our strong quarterly and year-end results, reflecting the growing demand from leading e-businesses and global corporations for our e-business intelligence solutions.
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