ITRA Intraware just announced a blow out quarter.
Mark
Intraware Reports Fourth Quarter and Fiscal Year 2000 Financial Results
Fourth Quarter Revenue Growth of 160% Drives Fiscal Year 2000
Revenues to $96.9 Million
ORINDA, Calif., April 12 /PRNewswire/ -- Intraware, Inc. (Nasdaq: ITRA),
the leading IT e-marketplace for web-based software and services, today
announced revenues of $36.1 million for the fourth quarter ended
February 29, 2000, which represents an increase of 160% over revenues of
$13.9 million reported in the quarter ended February 28, 1999. Fourth quarter
revenues increased 44% over $25.0 million reported in the previous quarter
ended November 30, 1999. Net loss was $11.2 million or a loss of $(0.45) per
share in the quarter ended February 29, 2000, compared to a net loss of
$4.6 million or a loss of $(0.69) per share in the quarter ended
February 28, 1999. Net loss for the prior quarter ended November 30, 1999 was
$6.7 million or a loss of $(0.27) per share. Excluding the stock-based
compensation charge and expenses and amortization related to acquisitions, net
loss was $9.0 million or a loss of $(0.36) per share for the quarter ended
February 29, 2000, compared to a net loss of $3.7 million or a loss of
$(0.56) per share for the quarter ended February 28, 1999 and $4.9 million or
a loss of $(0.20) per share for the quarter ended November 30, 1999. Deferred
revenues at the end of the fourth quarter grew $12.5 million or 66% to
$31.3 million from $18.8 million at the end of the previous quarter.
Revenues were $96.9 million for the fiscal year ended February 29, 2000,
which represents an increase of 151% over revenues of $38.6 million reported
in the fiscal year ended February 28, 1999. Net loss was $28.0 million or a
loss of $(1.14) per share in the fiscal year ended February 29, 2000, compared
to a net loss of $15.0 million or a loss of $(3.00) per share in the fiscal
year ended February 28, 1999. Excluding the stock-based compensation charge
and expenses and amortization related to acquisitions, net loss was
$22.2 million or a loss of $(0.90) per share for the fiscal year ended
February 29, 2000, compared to a net loss of $13.1 million or a loss of
$(2.62) per share for the fiscal year ended February 28, 1999.
"Our record-breaking fourth quarter results reflect our determination to
provide value-added services to our customers and our continuing mission to
attain market dominance as the leading IT e-marketplace for web-based software
and services," said Peter Jackson, president and CEO of Intraware, Inc. "We
are particularly excited about the growth opportunity from the new services
that we are currently launching, including Intraware Deployment and Intraware
Volume Licensing which should help complete our integrated set of offerings
for IT professionals."
"Our recent financial results provide us with a strong foundation to
continue building our company," said Don Freed, Intraware's CFO. "During our
fourth quarter we saw exceptional revenue growth as customers utilized our
services, particularly on the software procurement front. In addition, our
strong growth in deferred revenues will provide us with significantly enhanced
visibility going forward."
Intraware Announces New Services
Intraware's comprehensive software life cycle solution for IT
professionals was strengthened by the addition of the following new services:
Intraware Deployment(SM)
Intraware Deployment is the only software deployment and inventory service
of its kind that allows system administrators to automatically deploy
software applications, updates, patches, files, and data from multiple
vendors to desktops and laptops throughout their enterprises. Intraware
Deployment benefits enterprises by providing a fast, cost-effective and
easy-to-use solution in heterogeneous environments where multiple
operating systems and remote users need to be accommodated.
Intraware Volume Licensing(SM)
Intraware Volume Licensing is an intuitive web-based configurator that
simplifies the administration of complex vendor licensing programs and
allows customers to obtain the most advantageous discounts for bulk
software license purchases. This new service offers IT professionals a
single source solution for major volume licensing programs, including
Microsoft and Symantec, providing a centralized location to procure and
manage licenses. |
