Earnings: Small Cap Tech/ Software Message Board

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Technology Stocks : Earnings: Small Cap Tech/ Software

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To: SusieQ1065 who wrote (154)	3/15/2002 1:51:54 AM
From: 2MAR$	Read Replies (1) of 238

VRTY ($15-$17) pe =78 Cap= $530mil Third Quarter Results and a Return to Profitability stockcharts.com[h,a]daclyiay[pc5!c20!f][vc60][iut!Lh5,5!La12,26,9]&pref=G Revenues Up Sequentially From Prior Quarter Financial Highlights - Revenue up 11% over prior quarter - EPS for the quarter was $0.06 - Net income of $2.3 million - Software license revenue up 20% over prior quarter - Cash and investments grew $17 million to $243 million - DSO's improved to 69 days from 105 days in prior quarter Strategic Highlights - Signed significant deals with Avaya Communications, Bank of America, Brass Ring Systems, Cap Gemini Ernst &Young, Hewlett Packard, KPMG, Linklaters and Southwestern Bell Telephone Co. - Continued leadership in OEM market with new or extended licensing agreements with FileNET, Kana Software, OTG Software and Plumtree - Gartner placed Verity as a "leader" in the Gartner 2002 Enterprise Search "Magic Quadrant" - META Group named Verity a Top Tier KM Solutions Provider more: earnings.com

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