Inktomi beats, VRTS beats by 3 cents, ONSL record quarter (in line)
MMCN beats 1 cent, ACT NETWORKS earned 5 cents in Q3, beat first call by 3 cents a share.CREE RESEARCH EARNED 23 CENTS IN Q3, BEAT FIRST CALL BY 1 CENT.
MMCN
________________
MMC Networks Reports Record Revenues and Earnings for First Quarter 1999
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 15, 1999--MMC Networks (Nasdaq:MMCN - news) today reported financial results for the first quarter ended March 31, 1999.
Revenues for the first quarter of 1999 were $16.1 million, up 67 percent from the $9.6 million reported in the first quarter of 1998, and up 18 percent from the $13.6 million reported in the fourth quarter of 1998. Net income for the first quarter of 1999 was $3.3 million, or $0.10 per share, versus net income of $1.3 million, or $0.04 per share, for the first quarter of 1998, and net income of $2.9 million, or $0.09 per share, for the fourth quarter of 1998.
''We are pleased to report a record quarter, with revenues up 67 percent and net income up 161 percent year-over-year,'' said Amos Wilnai, chairman of the Board. ''We are very proud of the progress we have made so far. We are excited to have Doug Spreng join the team as president and CEO to help us capitalize on our early leadership in the Network Processor market and lead us to continued success.''
INKT
Revenues Up 323% Year over Year and 36% Quarter over Quarter
____________________
ONSL
:Onsale Reports Record First Quarter Results (but its in line)
VERITAS Software Reports Record First Quarter Results
Fully Taxed Earnings Per Share Grow 86%
Revenue Expands 84%
VRTS
___________________
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 15, 1999--VERITAS Software Corporation (NASDAQ:VRTS - news), the leading provider of end-to-end storage management solutions, today announced record financial results for its first quarter ended March 31, 1999. The company achieved record revenue of $71.9 million, an increase of 84% over last year's first quarter revenue of $39.1 million. License revenue increased 82%, while net income rose to $13.6 million from $9.1 million for the same period in fiscal year 1998. Most importantly, diluted earnings per share for the quarter, on a fully taxed basis, increased to $0.26 from $0.14 for the same period last year, an 86% increase.
ONSL
___________________
MENLO PARK, Calif.--(BUSINESS WIRE)--April 15, 1999--Onsale®, Inc. (Nasdaq: ONSL - news), a leading Internet real-time retailer, today announced financial results for the first quarter ended March 31, 1999.
Revenue for the quarter was $67.8 million, a 15 percent increase over revenue of $59.0 million for the fourth quarter ended December 31, 1998, and a 69 percent increase over revenue of $40.2 million in the comparable period a year ago. Gross merchandise sales for the quarter were $73.3 million, an 18 percent increase compared to $62.3 million in the fourth quarter of 1998, and a 46 percent increase compared to $50.3 million in the first quarter of 1998.
Net loss for the quarter was $5.5 million, or $0.28 per share on 19.4 million weighted average shares outstanding (both basic and diluted). This compares to a net loss of $3.1 million, or $0.16 per share on 19.2 million weighted average shares outstanding (both basic and diluted) in the previous quarter, and a net loss of $4.2 million or $0.22 per share on 18.7 million weighted average shares outstanding (both basic and diluted) in the comparable period a year ago.
SAN MATEO, Calif.--(BUSINESS WIRE)--April 15, 1999--Inktomi Corp. (NASDAQ:INKT - news) today announced financial results for the second quarter of fiscal year 1999 ended March 31, 1999. Revenues for the quarter were $14.6 million, a 323 percent increase over revenues of $3.5 million for the comparable quarter in the prior year, and a 36 percent sequential increase over the previous quarter. Net loss for the quarter was $4.6 million or a loss of $0.9 cents per share compared to a net loss of $4.8 million or a loss of $0.13 cents a share for the year earlier period.
''We executed on all fronts solidifying our leadership position as the Internet infrastructure company,'' said David Peterschmidt, president and chief executive officer of Inktomi. ''The quarter was marked by strong revenue growth, major customer wins worldwide, a strategic European alliance for our search business and continued momentum for our new Shopping Engine. During the quarter, we also demonstrated the mission-critical capabilities of the Traffic Server cache product which now handles billions of requests daily for America Online's web traffic.''
|
