WEBT..WebTrends Corporation Reports Record First Quarter Results Expanding leadership
position generates 245% increase in revenues and 749% increase in net income.
PORTLAND, Ore., Apr 17, 2000 /PRNewswire via COMTEX/ -- WebTrends Corporation
(Nasdaq: WEBT), the leading provider of enterprise solutions for Visitor
Relationship Management(TM), eBusiness Intelligence and eBusiness System
Management, today reported revenues of $10.4 million for the first quarter of
2000 compared to $3.0 million for the same period last year, a 245% increase.
Net income increased 749% to $1.5 million, or $0.05 per share for the quarter
compared to $178 thousand and $0.01 per share in the first quarter of 1999. On a
sequential basis, compared to the fourth quarter of 1999, revenues increased
40%. For more investor information see webtrends.
"We are extremely pleased with this quarter's strong performance, it is our
seventeenth straight quarter of increasing revenues and profits and a great
start for the year 2000. Our revenue growth is a strong indicator of our
position as a market leader and our ability to deliver solutions that are
critical to our customers' eBusiness success," said Eli Shapira, CEO of
WebTrends Corporation. "We continue to see increasing momentum throughout all
our product offerings and a rapid adoption of our new generation solutions in
all sectors of the economy."
"In order to take full advantage of the global sales momentum and implement our
product/service development strategies we are also placing an emphasis on the
growth and development of our eBusiness infrastructure, management team and
breadth of corporate intelligence. WebForce 100, an aggressive recruiting
campaign launched on March 14, has produced immediate results. Additionally, we
have introduced a number of international programs to leverage our overseas
channels," said Shapira.
"Operating results are continuing a strong upward trend as well. Our operating
margin increased to 11.4% from 9.2% last quarter and 3.9% in the same quarter in
1999," said Jim Richardson, Senior Vice President and Chief Financial Officer.
"A key business strategy and a distinction we are proud of is our ability to
balance growth and profitability."
Nearly 5,000 new customers adopted WebTrends Enterprise class solutions in the
first quarter. These included Adaptec, EDS, Network Solutions, Organic, UUNet,
Kurion, Nationwide Insurance, Newsalert, Intelligent Solutions, Schlumberger,
and Sony Music Europe. Existing customers Concentric Network, Arthur Andersen,
Sprint, Target, Digex, PSINet, MCI Worldcom, GTE, and Hewlett Packard, among
others, added significantly to their investment in additional WebTrends products
and services. WebTrends Corporation now has more than 40,000 technology,
telecommunications, media, and financial services customers including more than
half of the organizations on the Fortune 500.
Product and Service Developments
The key product launch in the first quarter was WebTrends Live, the first
eService platform for comprehensive, real-time visitor analysis and real-time
eCommerce revenue tracking. WebTrends Live delivers secure, on-demand traffic
reports online without requiring any hardware or software investment or log file
access. See webtrendslive.com for more information on WebTrends Live.
In addition, significantly enhanced versions of WebTrends Firewall Suite and
WebTrends Security analyzer were released and immediately gained traction in the
US and overseas markets.
Technology and Business Developments
A strategic partnership with Hyperion was announced during the first quarter.
Hyperion's online analytical processing and data mining technology will be
integrated with the next version of CommerceTrends to create a business analysis
platform for Visitor Relationship Management(TM). The two companies will
collaborate on marketing, sales and development.
"eBusiness is a very dynamic, exciting, evolving market but continuing to expand
our market share and grow revenues at these sequential rates demands an
excellent understanding of this market plus the ability to combine technology
with knowledge management," said Glen Boyd, co-founder and Chief Technology
Officer. "We have a leadership position because of our ability to translate that
understanding into a continuous evolution of solutions and services. Scaling our
internal development platform and maintaining our knowledge base will grow in
importance as our distinct competitive advantage."
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