i2 Announces Preliminary First Quarter 2002 Results
DALLAS--April 2, 2002--i2 Technologies, Inc. (Nasdaq:ITWO - news) today announced preliminary results for its fiscal first quarter ended March 31, 2002.
Based on preliminary estimates, i2 expects to report a pro forma net operating loss of approximately ($.07-.08) per share and a net loss on a GAAP basis of approximately ($.08-.09) per share. Total reported revenues are expected to be approximately $165-170 million, including license revenues of approximately $57-60 million and service revenues of approximately $59-61 million.
``Market conditions continued to be weak during the first quarter. However, we maintained our focus on tightly managing expenses, which allowed us to meet consensus pro forma earnings estimates,'' said Greg Brady, i2 CEO. ``While we are not satisfied with our own execution, we are confident that we are investing our resources in the right areas to grow future revenues as the market improves.''
The company will provide additional information when final results are announced as scheduled on April 16, 2002. Information regarding the scheduled release and conference call for April 16 can be found on the company's web site, www.i2.com/investors.
About i2
For more than a decade, i2 has been a leader in supply chain management. i2 has extended its technology and expertise to Dynamic Value Chain Management--solutions to help companies collaborate on decision-making processes not only across functions within a single company, but across multiple companies. i2 solutions span the value chain interactions, including customer relationship management, supply chain management and supplier relationship management. Established in 1988, i2 is the only software solutions provider that measures, audits, and reports total value provided to its customers, with a mission to deliver $75 billion in value by 2005. Learn more at www.i2.com. i2 is a registered trademark of i2 Technologies, Inc. and its subsidiaries.
i2 Cautionary Language
This press release contains forward-looking statements including statements regarding revenues and earnings the Company expects to report for the first quarter of 2002 and our ability to capitalize on improvements in market conditions. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from these expectations. Factors that could cause actual results to differ include, but are not necessarily limited to, accounting entries and adjustments made during the close of the Company's quarter, continued weakness in market conditions, and continued deficiencies in sales execution. In addition, please refer to the ``Forward-Looking Statements'' and ``Factors That May Affect Future Results'' in i2's filings with the Securities and Exchange Commission, including Management's Discussion and Analysis of Financial Condition and Results of Operations, Item 7 of the Form 10-K filed March 31, 2002. i2 assumes no obligation to update the forward-looking information contained in this news release.
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Contact:
i2 Technologies, Dallas
Brent Anderson, 469/357-6012
brent_Anderson@i2.com |
