The conference call is always good to listen to. The following comes from Marshall Senk's weekly email he sends out.
BroadVision reported Q1:99 results after the close on April 22, 1999,
delivering revenue of $18.5 million (versus our $16.6 million estimate)
and untaxed (diluted) EPS of $0.11. The First Call mean was $0.09.
Revenue of $18.5 million increased 83% year-over-year and was driven by
continued strong demand for BroadVision software. License revenue of
$12.8 million grew 76% and accounted for 69% of the total business.
Service revenue of $5.7 million increased 104% and accounted for the
remaining 31%. During the quarter, BroadVision signed up 43 new
customers, the most ever, raising the total from 274 at the end of
December to 317. Of the $18.5 million in revenue, 51% came from repeat
customers versus 44% last quarter. We view this as an indication that
the company continues to both build share in new accounts and drive new
deployments within its customer base. By extending its technology
leadership, the company, we believe, is competing effectively against
the larger players who are coming from behind in their understanding of
web-based systems. We look for the company to extend its message beyond
“Internet software” to focus more on electronic commerce solutions,
which connect business partners. This applications and business
solution focus, in our view, clearly crystallizes BroadVision's value
proposition to customers and should help establish and further position
BroadVision as an enterprise applications vendor, in the same vein as
SAP, Baan, PeopleSoft and Seibel. |
