IWOV (2-1split)..Announces Record Third Quarter Revenue -- Up 816%
Market's Recognized Need for Enterprise-Class Content Management Drives Pro Forma Net Income of $0.01
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 17, 2000--Interwoven, Inc. (Nasdaq:IWOV - news), the leading provider of enterprise-class content management software, today reported record third quarter results, with revenues for the quarter ended September 30, 2000 of $39.4 million, an increase of 816% over revenues of $4.3 million for the quarter ended September 30, 1999 and a 62% sequential increase over revenues of $24.3 million for the quarter ended June 30, 2000. License revenues represented 67%, and service revenues 33%, of the total revenues for the quarter ended September 30, 2000. With the addition of 140 new license customers in the quarter ended September 30, 2000, Interwoven now has over 500 customers.
Net income before the effect of non-cash charges related to stock-based compensation and acquisition-related expenses was $548,000, or $0.01 per share on a pro forma basic and diluted basis, for the quarter ended September 30, 2000, compared with a net loss of $3.5 million, or $0.10 per share on a pro forma basic and diluted basis, for the quarter ended September 30, 1999.
For the nine-month period ended September 30, 2000, revenues were $77.5 million, a 733% increase over revenues of $9.3 million for the comparable period in 1999. The net loss before the effect of non-cash charges related to stock-based compensation and acquisition expenses was $2.4 million, or $0.05 per share on a pro forma basic and diluted basis, for the nine months ended September 30, 2000, compared with $8.1 million, or $0.27 per share on a pro forma basic and diluted basis, for the nine month period ended September 30, 1999.
``Interwoven continues to serve the needs of enterprise customers with multiple Web initiatives through enterprise-class content management,'' said Martin Brauns, president and CEO of Interwoven. ``This quarter I am especially proud of the new initiatives we have launched to extend the scope of enterprise-class content management through our new B2B and wireless frameworks, our OEM and reseller program and our deepened relationship with our leading eBusiness application partners.''
Q3 Highlights
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