Agile Announces Preliminary First Quarter Fiscal Year 2002 Financial Results
SAN JOSE, Calif, Aug. 3 /PRNewswire/ -- Agile Software Corporation (Nasdaq: AGIL) today announced preliminary results for the first quarter ended July 31, 2001. Agile expects to report total revenues of $22-23 million, including license revenues of $15-16 million. Based on these estimated revenues, the Company expects to report a pro forma net loss of approximately ($0.09 - 0.11) per share when final results are reported August 16, 2001.
Pro forma net loss excludes charges associated with amortization of stock compensation, amortization of goodwill and purchased intangible assets, and payroll taxes on stock option exercises.
"Market conditions remain difficult, but companies are still choosing Agile's quickly deployed, mission-critical solutions to realize hard-dollar benefits," Agile CEO Bryan Stolle said. "Agile has over seven hundred customers successfully collaborating both within their enterprises and across their extended supply chains, and is in a very strong financial position."
The company will host a conference call on preliminary first-quarter results at 10 a.m., Pacific Time on Friday, August 3, 2001, available via web cast at www.agilesoft.com/investors, or via dial in on 888-311-9053 or for international callers on 908-228-5002. The call will be recorded for replay and accessible through www.agilesoft.com/investors.
Final results are scheduled to be announced August 16, 2001 and will also be accompanied by a conference call and web cast available on www.agilesoft.com/investors.
About Agile
Agile Software Corporation enables supply chain partners to communicate and collaborate over the Internet about new or changing product content and then source and procure necessary components. Agile has more than 700 customers, including Compaq, Dell Computer, Flextronics International, GE Medical, International Paper, Juniper Networks, Lucent, NVIDIA, Philips, Sycamore Networks, Texas Instruments, and Zhone Technologies. Call 408-975-3900, or visit Agile at agilesoft.com.
This "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements regarding revenues and earnings the Company expects to report for the first quarter of fiscal 2002 and continued demand for the Company's products. The preliminary estimates of revenues, license revenues and pro forma net loss per share are subject to change. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from these expectations, and are based upon information available to Agile on as of the date of the release. We assume no obligation to update any such forward-looking statement. Factors that could cause or contribute to such differences include, but are not limited to, accounting entries and adjustments made during the close of the Company's quarter; declining economic conditions including a possible recession that could continue to affect the overall demand for software and services which could result in decreased revenues or lower revenue growth rates; reductions or delays by our customers in their purchases of software such as ours; the lengthening sales cycle for our products and increased number of transactions closing at the end of our fiscal quarters; unforeseen expenses that the Company may experience in future quarters; delays and difficulties in introducing new products and upgrades of existing versions of our products; inability to timely deliver and lack of market acceptance of new products or services; introduction of new products or services by major competitors; inability to recruit or retain necessary personnel and significant fluctuations in our stock price. These and other risk factors and risks associated with our business are discussed in the Company's Form 10-K filed July 25, 2001.
NOTE: Agile Software is a registered trademark and Agile and the Agile Software logo are trademarks of Agile Software Corporation in the U.S. and/or other countries. All other brand or product names are trademarks and registered trademarks of their respective holders
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SOURCE Agile Software Corporation
CO: Agile Software Corporation
ST: California
IN: CPR STW
SU: ERP CCA
08/03/2001 09:00 EDT prnewswire.com |
