Nice #s.....
"The second quarter was a watershed period for Ariba. We increased our customer
base by over 100 percent and grew our revenues by 322 percent,"
Ariba Announces Record Second Quarter Revenues of $40 Million, Up 322%
Net Loss Per Share $0.06, Beats First Call Estimates
MOUNTAIN VIEW, Calif., Apr 12, 2000 /PRNewswire via COMTEX/ -- Ariba, Inc.
(Nasdaq: ARBA), the leading business-to-business (B2B) eCommerce platform
provider, today announced record results for the second quarter ended March 31,
2000.
Revenues for the second quarter of fiscal 2000 marked the largest quarter in
Ariba's history at $40.0 million, up 322 percent from the same period last year.
Net loss for the quarter excluding non-operating charges was $11.5 million or a
loss of $0.06 per share, beating the First Call consensus estimate of a loss of
$0.08 per share. During the corresponding quarter in fiscal 1999, the net loss
was $2.8 million or a loss of $0.07 per share, excluding non-operating charges.
Including all charges, net loss for the second quarter of fiscal 2000 was $125.9
million or a loss of $0.70 per share, reflecting costs associated primarily for
acquisitions. All results are adjusted for a 2-for-1 stock split effective March
31, 2000.
During the quarter, Ariba signed significant deals across a broad range of
industries, demonstrating the increasing demand for the Ariba B2B Commerce
Platform and B2B Commerce Services. Ariba's customers include industry leaders
in financial services, healthcare, consumer packaged goods, automotive, oil and
gas, computer hardware, computer software and many more. Specifically Ariba
announced customers including, BMW, Bank of America, Arthur Andersen, Cargill,
Dell, American Express Company, EDS, IBM, E*TRADE, Unilever, Sabre, Kraft,
Lexmark, DuPont, Dana Corporation and Diageo (parent company of Pillsbury,
Haagen Dazs, Burger King, and Johnnie Walker brands) among many more.
"The second quarter was a watershed period for Ariba. We increased our customer
base by over 100 percent and grew our revenues by 322 percent," said Keith
Krach, chairman and chief executive officer of Ariba. "At the same time, we beat
analyst EPS expectations and showed another consecutive quarter of cash flow
positive from operations, demonstrating the Company's ability to grow rapidly
while continuing to show high quality financial performance."
"This quarter, we also positioned the company for future growth by broadening
our B2B eCommerce platform, adding critical value-added services, completing two
strategic acquisitions and forging partnerships with significant industry
leading players," Krach said. "Going forward, Ariba will continue to leverage
its leading position in B2B eCommerce to enable more marketplaces than any other
player with best of breed technology, commerce services and the fastest time to
market."
The following highlights were announced during Ariba's second fiscal quarter:
-- IBM, i2 Technologies, Inc. and Ariba announced a global, strategic alliance
to develop, market and sell the industry's first end-to-end solution for
business-to-business (B2B) e-commerce and collaboration.
-- Dell announced it will create a Dell B2B marketplace, powered by the Ariba
B2B Commerce Platform, to provide Dell's small- and medium-business customers
with increased economies of scale and streamlined purchasing processes. Dell
also will use the Ariba B2B procurement solution throughout its worldwide
operations and with its global supplier base.
-- American Express Company, the world's largest corporate card provider, and
Ariba announced a strategic agreement to accelerate and streamline B2B eCommerce
through the joint development of new B2B advanced electronic payment services.
The partnership will leverage the global reach of Ariba B2B network commerce
services and American Express' global payment network.
-- EDS and Ariba announced an alliance to create one of the largest groups of
B2B marketplaces based on strategically managed consortia-based purchasing. EDS
CoNext, a subsidiary of EDS, plans to target billions in managed spending under
contract annually, spread across 12 marketplaces.
-- Sabre Holdings Corporation (NYSE: TSG) and Ariba announced a definitive
agreement to create Sabre e-Marketplace, the first Internet-enabled B2B
marketplace designed for the travel and transportation industry. Powered by the
global Ariba B2B Commerce Platform, Sabre e-Marketplace will maximize the
purchasing power of companies with similar procurement needs, such as airlines,
airports, more than 45,000 Sabre connected travel agencies, railroads, 10 cruise
lines, 50 car rental companies and 45,000 hotel properties.
-- Cargill and Ariba announced the formation of Novopoint.com(TM), an open,
Internet business-to-business (B2B) exchange, powered by the Ariba B2B Commerce
Platform, for food and beverage manufacturers and their suppliers.
-- Ariba successfully completed the acquisitions of TRADEX Technologies, Inc.
and TradingDynamics, Inc. These acquisitions significantly expanded Ariba's
addressable market and enhanced the Ariba B2B Commerce Platform adding strategic
eCommerce products and solutions that enable marketplaces. The Ariba B2B
Commerce Platform now includes expanded marketplace functionality, including
dynamic trade capabilities such as auctions, reverse auctions, and negotiated
prices.
-- Ariba announced the company's board of directors authorized a two-for-one
stock split, which was effected in the form of a stock dividend. The stock split
was effected by distribution to each stockholder of record as of March 20, 2000,
one share of Ariba's common stock for each share of common stock held. Total
outstanding shares of common stock was approximately 234 million as of March 31,
2000.
About Ariba
Ariba, Inc. is the leading business-to-business (B2B) eCommerce platform
provider. Through the Ariba B2B Commerce platform -- an open, end-to-end
infrastructure of interoperable software solutions and hosted Web-based commerce
services -- the company enables efficient online trade, integration and
collaboration between B2B marketplaces, buyers, suppliers and commerce service
providers. The global reach and best-of-breed functionality of the Ariba B2B
Commerce platform creates Internet-driven economies of scale and process
efficiencies for leading companies around the world. Ariba can be contacted in
the U.S. at 650-930-6200 or at www.ariba.com. |
