Aspect Development Reports 72% Revenue Growth and
Record Net Income for Fourth Quarter, 1996
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 30, 1997-- Aspect Development
announced today that net revenues for the fourth quarter ended Dec. 31, 1996 were $7,425,000,
an increase of 72% over revenues of $4,320,000 for the fourth quarter ended Dec. 31, 1995, and
an increase of 16% from revenues of $6,423,000 for the third quarter in 1996.
Net income for the fourth quarter of 1996 was $1,437,000 or $0.10 per share, representing an
increase of 345% over net income of $323,000 or $0.03 per share for the fourth quarter of 1995
and an increase of 41% from net income of $1,020,000 or $0.07 per share for the third quarter of
1996.
Revenues for the year ended Dec. 31, 1996 were $24,235,000 compared to revenues of
$13,693,000 recorded for the year ended Dec. 31, 1995, representing a 77% increase. Operating
profit for the 1996 fiscal year was $1,982,000, an increase of 137% over operating profit of
$836,000 in the 1995 fiscal year. Net income for the fiscal year ended Dec. 31, 1996 was
$3,009,000 or $0.24 per share, compared with net income of $681,000, or $0.06 per share for
the same period in the previous year, representing an increase of 342%.
"Our year end results further validate Aspect's position as the dominant leader in Component and
Supplier Management systems," said Romesh Wadhwani, chairman and chief executive officer of
Aspect Development.
"During 1996 we achieved record levels of license revenues, total revenues, operating income, and
earnings per share. We won a record number of both new and repeat customers, including several
that placed orders in excess of $1 million. We also significantly enhanced and expanded our
product portfolio, strengthened the management team, improved the balance sheet, and expanded
our global sales channels."
Aspect Development Inc. develops, markets and supports enterprise client/server software and
reference data products that enable manufacturers to improve product development and business
processes through component and supplier management. Aspect's Component and Supplier
Management (CSM) solution can reduce product costs and development expense and accelerate
time-to-market by enabling users to manage and integrate information regarding components,
suppliers and designs.
Aspect's products enable rapid search, comparison and selection of optimal components and
suppliers, promote the reuse of design and manufacturing knowledge, support the consolidation of
suppliers and facilitate automation of the related design and procurement processes. Aspect's
CSM solution provides the information bridge between design and procurement, complementing
the role of Enterprise Resource Planning (ERP) systems in planning, manufacturing and order entry
and the role of Product Data Management (PDM) systems in design release management.
Aspect's CSM solution includes the Explore family of software products and the VIP family of
component reference databases. Aspect's principal executive offices are located in Mountain
View. Aspect's World Wide Web address is aspectdv.com . |
