Boy is this a dead thread! Guess I will post BOBJ's earnings:
Business Objects Reports Record Third Quarter Results; Revenues Up 44 Percent, Net Income Up 72 Percent Over Prior Year
October 19, 2000 04:02:00 AM ET
SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 19, 2000-- North American Revenue Growth of 63 Percent Drives Market Share Gains
Business Objects BOBJ(PARIS BOURSE: code SICOVAM 12074) today announced its results for the quarter and nine months ended September 30, 2000.
Third quarter revenues were a record $86.0 million, an increase of 44 percent compared to revenues of $59.8 million for the quarter ended September 30, 1999. Net income for the third quarter was $10.2 million, compared to $5.9 million for the same period last year. Diluted net income per share and per ADS for the quarter ended September 30, 2000 was $0.23, compared to $0.15 in the third quarter of last year. Diluted net income per share and per ADS has been adjusted to reflect the two-for-one split of ordinary shares and ADS in January, 2000.
Revenues for the nine months ended September 30, 2000 were $243.1 million, an increase of 46 percent compared to revenues of $166.8 million during the same period last year. Net income for the nine months ended September 30, 2000 was $26.4 million, an increase of 85 percent compared to $14.2 million for the same period last year. Diluted income per share and per ADS for the nine months ended September 30, 2000 was $0.60 compared to $0.37 in the prior year nine month period.
"We are pleased to once again announce record quarterly results, especially in the North American market, which reflect the ongoing strong demand for our e-business intelligence solutions, and the increasing importance of business intelligence in the intranet and extranet markets," said Bernard Liautaud, president and chief executive officer of Business Objects.
Business Objects expanded its customer base in the third quarter, adding 643 new customers. Global organizations continue to pick Business Objects as their worldwide business intelligence partner. Key customers in the third quarter included: 3M, Goldman Sachs, Banque de France, Electronic Data Systems, Global One, Blue Cross/Blue Shield, Astra Pharmaceuticals, Citibank NA, and Vodaphone.
During the third quarter, the company introduced BusinessObjects(TM) 2000, an integrated suite of business intelligence (BI) tools which provides query, reporting, and online analytical processing (OLAP) in a variety of environments -- web, Windows, and wireless -- as well as a business intelligence portal (BIP), and advanced set-based analysis. The company also announced general availability of BusinessObjects Set Analyzer(TM)2.0, the newest version of its ground-breaking set-based analysis tool.
Business Objects also received two top industry awards in the third quarter. The company ranked in the top 100 in Software Magazine's 18th Annual Software 500 issue for the third consecutive year, and won a DM Review 2000 Readership Award as the number-one ranked company in the "Business Intelligence Products" category.
The company's balance sheet continued to be strong with $196.3 million in cash and cash equivalents. Total assets at September 30, 2000 were $319.1 million, compared to $272.5 million at December 31, 1999.
Business Objects will hold a conference call today, hosted by management, at 7:00 a.m. (PDT). Investors can call 415/904-7366. A replay will be available for 48 hours after the call at 800/633-8284, or for international 858/812-6440, both with access code 16525516. Also, a live Webcast and replay can be accessed for five days after the call at the investor relations section of the Business Objects web site, www.businessobjects.com.
About Business Objects
Business Objects is the world's leading provider of e-business intelligence (e-BI) solutions. The company coined the term e-business intelligence in 1998 to describe the intersection of business intelligence and the Internet. Using e-business intelligence, organizations can access, analyze, and share information in intranet, extranet, and e-business environments. In intranets, the company's products provide employees with information to make better business decisions, and are used in environments ranging from workgroups of 20 users to enterprise deployments exceeding 20,000. In the extranet environment, the company is pioneering the use of e-BI in applications that allow organizations to build stronger relationships by linking customers, partners, and suppliers via the Internet. In addition, the company's products can improve the performance of an e-business by providing reporting and analysis against the ever-expanding amount of transaction and profile data that is collected each day throughout the world wide web.
Founded in 1990, Business Objects pioneered the modern business intelligence industry by inventing and patenting a "semantic layer" that insulates users from the technical complexity of database systems. Today, the company has over 11,500 customers in more than 80 countries. The company's stock is publicly traded under the ticker symbols Nasdaq:BOBJ and PARIS BOURSE: code SICOVAM 12074, and included in the SBF 120 and IT CAC 50 French stock market indexes. Business Objects can be reached at 408/953-6000 and www.businessobjects.com.
This press release contains forward looking statements with respect to demand for the company's e-business intelligence solutions, and the importance of business intelligence in the intranet and extranet markets. Such forward looking statements are subject to risks and uncertainties including, without limitation, historical variability in the performance of the company, changes in the company's market, and the ability of the company to gain acceptance of its products, and increased competition, which could cause actual results to differ materially from those anticipated. For a more complete discussion of risk factors that could affect the company's current and future operating results, and the demand for business intelligence solutions in the intranet and extranet markets, see the discussions in the company's reports filed with the SEC from time to time, including but not limited to the company's Form 10-K for the fiscal year ended December 31, 1999, and the Form 10-Q for the quarterly period ended June 30, 2000.
Note to Editors: BusinessObjects and Set Analyzer are trademarks of Business Objects S.A.
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