Mercator Books Over $18 Million in Revenue for October and November 2000
WILTON, Conn., Dec 15, 2000 (BUSINESS WIRE) -- In keeping with the company's
desire to update investors on its fourth quarter progress, Mercator(TM)
Software, Inc. (Nasdaq: MCTR), the e-business transformation company(TM), today
announced that for the quarter to date through November the company had booked
over $18 million in revenue. This organic growth is up by approximately 50% as
compared with the same two-month period in 1999.
For the quarter to date, transactions include new and existing customers such as
Basin Electric Power Cooperative, BEA Systems, General Motors, Lawson Software,
the US Defense Logistics Agency, and others.
"We are very pleased with our progress so far for the quarter, especially as
compared with the same period last year," stated Jim Schadt, chairman and chief
executive officer of Mercator. "It has been difficult to predict revenue this
year; however, we remain cautiously optimistic about the fourth quarter. Given
our historical sales patterns, the majority of our revenue is typically booked
in the last month of the quarter. As we've said before, however, historical
sales patterns cannot be relied upon as a predictor for the outcome of this
quarter."
About Mercator
Mercator software integrates electronic information throughout a business
enterprise and with the applications of its customers and partners -- while
leveraging current technology investments at every step.
More than 5,000 customers, across every industry, use our software to help
accelerate their transformation to e-business. Over 100 partners, including
application software providers, systems integrators and Net markets, embed or
resell our technology to enhance their product or service offerings. Additional
information about Mercator can be found at www.mercator.com
Mercator is a registered trademark of Mercator Software, Inc. "the e-business
transformation company" is a trademark of Mercator Software, Inc.
Legal Notice Regarding Forward-Looking Statements
Statements in this press release that are not purely historical are
forward-looking statements, including statements regarding Mercator Software's
beliefs, expectations, hopes or intentions regarding the future. It is important
to note that actual outcomes and the company's actual results could differ
materially from those in such forward-looking statements. Factors that could
cause actual results to differ materially include risks and uncertainties such
as changes in demand for application integration or e-business integration
software and the company's Mercator e-business integration broker suite of
products in particular, difficulty or delays in developing new or enhanced
products, the ability of the company to expand its international operations, the
ability of the company to manage expanded global operations, the ability of the
company to continue to add resellers and other distribution channels, and the
success of third parties in utilizing and marketing the company's products, or
seasonality in operating results. Readers should also refer to the risk
disclosures outlined in the company's reports filed with the Securities and
Exchange Commission. All forward-looking statements and reasons why results
might differ included in this release are made as of the date hereof, based on
information available to the company as of the date hereof, and the company
assumes no obligation to update any such forward-looking statement or reasons
why results might differ.
CONTACT: Mercator, Wilton
Jonathan Cohen, 203/563-1214
VP, Corporate Communications
jcohen@mercator.com
Cynthia Brockhoff, 203/563-1258
Director, Investor Relations
cbrockhoff@mercator.com |
