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Technology Stocks : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?

To: Patsy Collins who wrote (415)	10/19/1999 4:15:00 PM
From: Patsy Collins	Read Replies (1) \| Respond to of 2110

Great earnings!!! loss of only .12, better than even whisper of .14. Let's go, ARBA. Let's go, Mets!

To: Patsy Collins who wrote (415)	10/19/1999 4:38:00 PM
From: William F. Wager, Jr.	Respond to of 2110

Ariba Announces Record Quarterly Revenues of $17 Million, Up 266% Net Loss Per Share $0.12, Beats First Call Estimates SUNNYVALE, Calif. ? October 19, 1999 ? Ariba, Inc. (NASDAQ: ARBA), the leading independent business-to-business electronic commerce network, today announced record results for the fourth quarter ended September 30, 1999. Revenues for the fourth quarter of fiscal 1999 marked the largest quarter in Ariba?s history at $17.1 million, up 266 percent from the same period last year. Net loss for the quarter excluding the amortization of stock-based compensation was $4.6 million or a loss of $0.12 per share, beating First Call consensus estimate of a loss of $0.17 per share. During the corresponding quarter in fiscal 1998, the net loss was $2.2 million or a loss of $0.28 per share, excluding the amortization of stock-based compensation. Including the amortization of stock-based compensation, net loss for the fourth quarter of fiscal 1999 was $9.9 million or a loss of $0.26 per share. [To view Ariba financial statements in PDF format, click here.] Revenues for the fiscal year 1999 marked Ariba?s continued leadership as the largest independent business-to-business e-commerce network of buyers and suppliers. Fiscal year 1999 revenues were $45.4 million, up 443 percent versus $8.4 million in the same period last year. Net loss for the fiscal year excluding stock-based compensation was $14.7 million or a loss of $0.84 per share. Including the amortization of stock-based compensation, net loss for the fiscal year was $29.3 million or a loss of $1.67 per share. "Upside in the quarter came from higher than expected revenues from transaction-based licenses and faster than expected migration onto the Ariba Network, as e-commerce is becoming a strategic imperative for leading corporations," said Keith Krach, chairman and chief executive officer of Ariba. "By capitalizing on our early mover advantage in providing the first business-to-business eCommerce buying infrastructures to some of the world?s largest, most respected corporations, and attracting over 20,000 corporate suppliers, Ariba has created a global eCommerce network. With another record-breaking quarter, we?ve extended that leadership going into the next fiscal year." The following highlights were announced during Ariba?s fourth fiscal quarter: Ariba announced the new Ariba Internet Business ExchangeTM (Ariba IBXTM) service, a hosted Internet service that will enable Ariba partners to quickly build their own commerce platform powered by the Ariba Network without installing or maintaining their own eCommerce infrastructures. Hewlett-Packard and SAirGroup are among the first companies who will help form commerce communities on the Ariba Network platform. Targeted at small and mid-size businesses and vertical industry consortia, these commerce communities will be able to deliver volume discounted pricing, streamlined internal purchasing processes, and a single point of access to an organized world of business products and services. Ariba also announced that more than fourteen percent of the Fortune 100 are now Ariba corporate buyers. Several new large customers joined the Ariba Network platform as buyers including American Honda Co., Inc., Andersen Consulting, Charles Schwab & Co., CNA Insurance, Deloitte Consulting, Morgan Stanley Dean Witter, Motorola and National Semiconductor, among several others. In aggregate, the Ariba customer base spends more than US$140 billion annually on operating resources. Continued momentum in new suppliers to the Ariba Network platform, brought the total supplier network reach to over 20,000 suppliers. Today, Ariba?s buyer base can access any major category of spend because of Ariba?s supplier network reach. U.S. Bancorp, (NYSE: USB), the largest provider of purchasing cards in the world, and Ariba, Inc., announced an alliance to develop an integrated electronic buying and payment infrastructure for business-to-business eCommerce. The joint solution delivers fully electronic orders and invoices, automatically reconciles purchase orders with purchasing card charges, and integrates purchase data with the buyer?s financial systems, enabling businesses and their suppliers to streamline commerce, reduce operating costs and increase internal efficiencies by replacing paper-based payment processes with integrated electronic payment systems. Ariba announced the new Ariba ORMXTM application, a version of the industry-leading Ariba ORMSTM Release 6 application tailored for use in an application service provider (ASP) environment and ideally suited for mid-size companies and other organizations who prefer to minimize their up-front IT investments. ariba.com