Rational Software Reports Record Revenue and Pro Forma Net Income for Third Quarter of Fiscal Year 2001
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CUPERTINO, Calif., Jan. 10 /PRNewswire/ -- Rational Software Corporation® (Nasdaq: RATL - news), the e-development company, today announced results for the third fiscal quarter and nine months ended December 31, 2000.
Revenue for the third quarter and nine months ended December 31, 2000 was $215.5 million and $573.3 million, respectively, compared to $146.2 million and $391.8 million respectively, for the same periods last year. This reflects an increase in third quarter and year-to-date revenues of 47% and 46%, respectively, compared to the same periods last year.
The company reported pro forma net income and earnings per share on a diluted basis for the third quarter of fiscal 2001 of $40.2 million and $0.20, respectively, compared to pro forma net income and earnings per share of $25.6 million and $0.13, respectively, for the same period last year. This reflects an increase in third quarter pro forma net income of 57% compared to the same period last year.
``Rational's record third quarter results demonstrate the continued emergence of software as the world's most important industry,'' said Paul Levy, chairman and co-founder of Rational. ``Our strong growth across all geographies, led by Rational Suite®, shows how dependent leading global businesses are on creating great software to survive and thrive. We believe that companies who depend on software for their competitive advantage will continue to rely on Rational Software.''
The company reported pro forma net income and earnings per share on a diluted basis for the nine months ended December 31, 2000 of $101.7 million and $0.50, respectively, compared to pro forma net income and earnings per share of $59.7 million and $0.32, respectively, for the same periods last year. This reflects an increase in year-to-date pro forma net income of 71% compared to the same period last year.
Pro forma net income and earnings per share for the periods reported exclude amortization of goodwill and purchased intangible assets related to recent acquisitions, as well as the net activity (operating expenses and interest income less portion allocated to minority interest) incurred by Catapulse, Inc.
As reported net income and earnings per share on a diluted basis for the third quarter of fiscal 2001 was $26.5 million and $0.13, respectively, compared to as reported net income and earnings per share of $25.4 million and $0.13, respectively, for same period last year.
As reported net income and earnings per share on a diluted basis for the nine months ended December 31, 2000 was $65.6 million and $0.32, respectively, compared to as reported net income and earnings per share of $59.4 million and $0.31, respectively, for the same periods last year.
About Rational Software Corporation
Rational Software Corporation (Nasdaq: RATL - news), the e-development company, helps organizations develop and deploy software for e-business, e-infrastructure, and e-devices through a combination of tools, services and software engineering best practices. Rational's e-development solution helps organizations overcome the e-software paradox by accelerating time to market while improving quality. Rational's integrated solution simplifies the process of acquiring, deploying and supporting a comprehensive software development platform, reducing total cost of ownership. IDC has recognized Rational as the market revenue leader in multiple segments of the software development life-cycle management market for four years in a row. Founded in 1981, Rational, one of the world's largest Internet software companies, had revenues of $754 million in its twelve months ended December, 2000 and employs more than 3,400 people around the world. Rational is a component of the Nasdaq-100 Index®. Additional information is available on the Internet at rational.com
The word "Rational" and Rational's products are trademarks of Rational
Software Corporation. References to other companies and their products use
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For more information contact:
Rational Software Corporation, 18880 Homestead Road, Cupertino, CA 95014
Tel. (408) 863-9900 or (800) 728-1212; Fax (408) 863-4133
Fax-on-demand: 1-800-758-5804 Pin: 113375
E-mail: info@rational.com; Web: www.rational.com
SOURCE: Rational Software Corporation |
