TO show the level of turnaround at VRTY....
From the last Q earnings report...
"Revenues for the second fiscal quarter were $15.2 million ...
Compared to the same period last year, second quarter revenues were up 66% from $9.2 million; software product revenues
were up 72% from $6.7 million. "
and
"Verity saw significant sales activity in its key markets, including Intranet information access solutions for leading consulting,
consumer product, pharmaceutical, healthcare, aerospace, high technology and telecommunications companies. Additionally,
the Company had significant sales activity with government agencies, online publishers and e-commerce sites, and developed
new strategic OEM resale agreements, including one with IBM for Verity's high performance K2 search system. "
and
"Net income grew by 92% between the first and second quarters of fiscal 1999. Net income for the second quarter was $2.4
million, or $0.18 per share, compared with net income of $1.2 million, or $0.10 per share for the previous quarter ended
August 31, 1998. One year ago, Verity reported a net loss of $7.2 million, or $0.64 per share, for its second quarter, which
included a restructuring charge of $3.0 million. "
and
"or the six months ended November 30, 1998, total revenues were $28.4 million, representing a 96% increase over the total
six-month revenues of $14.5 million in the prior fiscal year. Net income for the six months ended November 30, 1998 was $3.6
million, or $0.28 per share, compared with a six-month loss (prior to the restructuring write-off) of $13.9 million, or $1.25 per
share, in the prior fiscal year. "
Mark |
