Agile Announces Record Second Quarter Results, Revenues Up 192%
/FROM PR NEWSWIRE SAN FRANCISCO 415-543-7800/
TO TECHNOLOGY AND BUSINESS EDITORS:
Agile Announces Record Second Quarter Results, Revenues Up 192%
Beats First Call Estimates as License Revenues More Than Triple
SAN JOSE, Calif., Nov. 16 /PRNewswire/ --
Agile Software Corporation (Nasdaq: AGIL), a leading provider of collaborative
manufacturing commerce solutions for the electronic supply chain, announced
today financial results for the fiscal year 2001 second quarter ended
October 31, 2000. Total revenues for the second quarter of fiscal 2001
increased to $20.2 million compared to total revenues of $6.9 million for the
same period in fiscal 2000, representing an increase of 192%. License
revenues for the second quarter of fiscal 2001 increased to $15.2 million from
license revenues of $4.7 million for the same period in fiscal 2000,
representing an increase of 225%.
Pro forma net loss, which excludes charges associated with the
amortization of deferred stock compensation, the amortization of goodwill and
purchased intangible assets, and payroll taxes on stock option exercises, was
$642,000 or $0.01 per share, beating the First Call consensus estimate of a
loss of $0.02 per share. This is compared to a pro forma net loss of
$2.1 million or $0.07 per share for the same period in fiscal 2000.
Net loss, including all charges related to acquisition, stock
compensation, and stock option exercises for the quarter ended
October 31, 2000, was $14.1 million or $0.31 per share in the second quarter
of fiscal 2001, compared to a net loss of $4.3 million or $0.14 per share for
the same period in fiscal 2000.
The net loss per share and number of shares used in the per-share
calculation for all periods presented reflect the two-for-one stock split
effective March 17, 2000.
"Agile's upward momentum was driven by a record number of new customers,
as well as record add-on business," said Bryan D. Stolle, chairman and chief
executive officer of Agile. "New customer growth reflects our focus on
delivering measurable value, our deep domain knowledge in and around the
collaborative manufacturing process, and the dynamic network effect. The
add-on growth is a direct consequence of our high caliber implementation team,
and our strategic alliances with leading implementation firms like Andersen
Consulting and Technology Solutions Company."
Second Quarter Highlights
Agile made significant gains during the quarter in terms of signing new
customers. Agile's customer base grew by 66 new customers in the electronics,
medical device and semiconductor industries. New customers included
Adept Technology, Inc. (Nasdaq: ADTK), a leading manufacturer of flexible
automation for the telecommunications, fiber optic and semiconductor
industries; Avanex Corp. (Nasdaq: AVNX), a manufacturer of photonic processors
for the communications industry; Chomarat, the European leader in glass,
aramide and carbon reinforcements for the composites industry;
Kyocera Wireless Corp. (NYSE: KYO), one of the world's leading wireless phone
manufacturers; Marconi (Nasdaq: MONI), supplier of advanced communications
solutions and the key technologies and services for the Internet;
NVIDIA Corp. (Nasdaq: NVDA), a global leader of performance 3D graphics
processors; Polycom, Inc. (Nasdaq: PLCM), a worldwide leader in broadband
communication solutions; Quantum (NYSE: HDD), the world's leading storage
systems supplier; SMTC Corp. (Nasdaq: SMTX), a leader in advanced electronics
manufacturing services; Spirent Communications (London: SPT), a leader in
performance analysis solutions; and Transmeta (Nasdaq: TMTA), a developer of
platform solutions for the Mobile Internet Computing market.
Among Agile's existing client base, more than 100 companies added to their
existing systems during the second quarter ending October 31, 2000. Of note,
customers such as Agilent Technologies, B/E Aerospace, Chantelle, Chatham,
Compaq, Dell Computer, Depuy (a Johnson & Johnson Company), Echostar,
Flowserve, FujiFilm, Medtronic AVE, Metricom, National Instruments,
Palm Computing, SCI Systems, Scientific-Atlantic, Solectron, and
Zhone Technologies all added substantially to their existing systems.
Other significant achievements and events at Agile during the quarter
include:
-- Agile announced Agile Anywhere 7.0, Agile Buyer 6.0, Agile Integration
Server, and MyAgile.com eServices including Agile Unwired, Agile Dashboard,
Custom Parts Procurement, and Components Research.
-- Agile announced strategic alliances with Adexa, Alventive, Anderson
Consulting, Centric Software, Technology Solutions Company, and WebPlan.
-- Agility 2000 --"Making Connections"-- had record attendance. The
four-day event featured best-in-class collaborative manufacturing commerce
practices by Agile customers.
-- Agile awarded the "Agility in Collaborative Manufacturing Awards" to
the following customers for their accomplishments and vision in collaborative
manufacturing: B/E Aerospace, InFocus Corporation, Radisys, SONIC
innovations, and Spectral Response.
-- Agile added personnel and facilities, expanding to 398 employees, with
significant growth in Research and Development.
-- Agile will be discussing its second quarter results, along with its
outlook for the third quarter and the remainder of fiscal year 2001, on a
conference call today, beginning at 2:00 p.m. Pacific Time. A Webcast of the
conference call will be available to all interested parties on Agile's Website
at www.agilesoft.com under the "Investor Relations" section.
About Agile
Agile Software Corporation is a leading supplier of business-to-business
collaborative manufacturing commerce solutions. Agile products enable supply
chain partners to communicate and collaborate over the Internet about new or
changing product content, and then source and procure the required components.
At MyAgile.com, Agile also provides the dispersed supply chain with
mission-critical eServices such as online marketplaces, custom part
procurement, wireless access and components research. Agile customers include
Agilent Technologies, Compaq Computer, Dell Computer, Flextronics
International, GE Medical Systems, Hewlett-Packard, Kyocera Wireless,
Lucent Technologies, Philips, Texas Instruments, and others. For more
information, call 408-975-3900, or visit Agile at agilesoft.com. |
