SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : EARNINGS REPORTING - surprises, misses & more -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (40)4/23/2000 6:26:00 AM
From: 2MAR$  Read Replies (1) | Respond to of 762
 
Keynote Announces Record Second Quarter Financial Results
biz.yahoo.com

Quarterly Revenues Grew 452% Year over Year and Net Loss Narrowed to $0.02 Per Share; Growth is Fueled by Record Sequential Increase in New Customers and Add-On Revenues
SAN MATEO, Calif.--(BUSINESS WIRE)--April 19, 2000-- Keynote Systems (Nasdaq:KEYN - news), The Internet Performance Authority©, today announced record financial results for the quarter ended March 31, 2000.

Revenues for the second quarter of fiscal 2000 were $7.2 million, which represented an increase of 452% over the corresponding quarter in fiscal 1999 and a 50% increase over the December 1999 quarter. Net loss for the quarter was $441,000, or $0.02 per share, compared to a net loss of $1.1 million, or $0.24 per share, for the corresponding quarter a year ago and $2.0 million, or $0.09 per share, for the December 1999 quarter. Pro forma net loss per share, which assumes full conversion of preferred stock that was converted into common stock at the time of Keynote's initial public offering at the beginning of the period, for the quarters ended March 31, 2000, December 31, 1999, and March 31, 1999 was $0.02, $0.09 and $0.08 per share, respectively.

``I am extremely pleased with our ability to successfully execute an extremely aggressive financial plan. We continued to broaden our customer base and, in fact, welcomed our 1,000th customer, during the quarter,' said Umang Gupta, Chairman and CEO of Keynote. ``Our ability to sustain our recent high growth rates during the quarter has been a product of new customer revenue, continued significant increases in add-on revenue from existing customers, and business partnerships with companies such as UUNET and Micromuse, to even further extend our market reach.'

During the quarter Keynote continued to invest in the expansion of its global infrastructure to include nearly 500 measurement computers, connected to major Internet backbones from over 120 statistically selected locations across 50 metropolitan areas worldwide. As of March 31, 2000, the company measured almost 10,000 Web-site addresses, and captured over 24 million measurements per day.

Keynote added 285 new customers, during the quarter, another company record. New customers included companies such as 3Com Corporation (Nasdaq:COMS - news), Bell Atlantic (NYSE:BEL - news), Blockbuster, Inc. (NYSE:BBI - news), Caterpillar, Inc. (NYSE:CAT - news), Inktomi (Nasdaq:INKT - news), Proctor & Gamble (NYSE:PG - news), Siebel Systems (Nasdaq: SEBL - news), Sony Entertainment (NYSE:SNE - news), and United Parcel Service (NYSE:UPS - news). As of March 31, 2000, Keynote had a total of 1,003 customers, and over 3,000 subscribers. Subscribers include all Keynote customers in addition to those whom Keynote serves indirectly through Web-hosting companies and now include 78% of the current Media Metrix Top 50 Web Sites and 53% of the Media Metrix Top 500 Web Sites in the U.S.

Highlights for the quarter:

-- Keynote successfully completed a follow-on public offering,
raising $287 million, net of issuance costs.

-- Keynote expanded its infrastructure to nearly 500 computers
worldwide to capture over 24 million measurements per day.

-- Keynote alerted the world's media to the Denial of Service
attacks in February of 2000, and provided important Internet
performance data regarding the cyber-attacks through
appearances on leading broadcast media including NBC Nightly
News and CNN, and in stories in dozens of leading business and
technology publications throughout the world including cover
stories in The New York Times, USA Today, The San Francisco
Chronicle and in The Wall Street Journal.

-- Keynote passed the 1,000th customer milestone.

-- UUNET, an MCI WorldCom Company, will provide Keynote Web-site
performance data to UUNET's hosting customers.

-- Keynote announced that the 2000 Global Internet Performance
Conference(TM) is going to be held on September 6-8, 2000 in
San Francisco, California.

-- Keynote and ZDNet (NYSE:ZDZ - news) announced The Keynote/ZDNet
AnchorDesk Consumer Internet Performance Index, which can now
be seen on the ZDNet-AnchorDesk Web site (www.anchordesk.com)
led by award-winning Internet pundit Jesse Berst. The Index is
an independent metric of the overall experience of users at
home accessing popular Web sites over dial-up connections.

-- Keynote and Micromuse, Inc. (Nasdaq: MUSE - news) announced a
business partnership to develop strategic e-commerce
infrastructure monitoring solutions. Micromuse will integrate
Keynote's Web site performance data, as a real-time feed into
Micromuse's Netcool EventList console.

-- Keynote announced two additional services, Perspective(TM)
Global 50 and Transaction 25, which expand to 50 the number of
statistically selected metropolitan locations around the world
from which Keynote measures e-commerce quality of service.



To: 2MAR$ who wrote (40)4/23/2000 10:33:00 AM
From: Mr. Big  Respond to of 762
 
Inforte Corp., (Nasdaq: INFT - news) a leading eBusiness integration provider, announced strong revenue and earnings growth for the March 31, 2000 quarter. Revenue for the March 2000 quarter was $12.3 million, up 153% from $4.9 million in the March 1999 quarter. Operating income grew 182% as the operating margin expanded to 12.0% in the March 2000 quarter, from 10.7% in the March 1999 quarter. Earnings per share was $0.08 per diluted share, up 167% compared to $0.03 per pro forma diluted share in the March 1999 quarter.

``The revenue growth was driven by existing customers continuing to transform their businesses to eBusiness and also by new clients developing eBusiness strategies and solutions', said Phil Bligh, CEO, chairman and president of Inforte. ``I remain pleased with the high quality of our projects and our people. We continue to focus only on advanced solutions and we remain selective in our hiring practices. This focus ensures better solutions for our clients and provides a stimulating environment for our employees who are shaping the future of the new economy.'

Inforte continued to expand its talent pool by adding 69 net employees during the first quarter of 2000, 54 of which are billable consultants. As of March 31, 2000, employees totaled 326, of which 250 were billable. Inforte expanded its board of directors, effective on the date of its Initial Public Offering, February 17, 2000, by adding leaders in their respective fields of finance, technology, strategy and marketing. The new board members are Edgar D. Jannotta, an influential financial leader who has served as chairman of the Securities Industry Association and as director of the New York Stock Exchange; Ray C. Kurzweil, a technology pioneer and futurist, and recent recipient of the National Medal of Technology; Michael E. Porter, the leading authority on competitive strategy and author of many books and articles including Competitive Strategy and Competitive Advantage; and Al Ries, an accomplished marketing and branding strategist and author of the popular books Positioning and Focus. Inforte also expanded its management team to include Nick Heyes, formerly of Andersen Consulting, as vice president of consulting.

Other highlights during the March 2000 quarter:
-- Inforte partnered with Vignette to enhance online customer experiences,
from log-on to fulfillment. Working with Inforte and Vignette, R.R.
Donnelley & Sons developed ePublish, a platform that enables magazine
companies to provide compelling content and online experiences.

-- Inforte implemented a business-to-business corporate exchange for
Cummins Engine, integrating Concur eWorkplace software with Cummins
Engine's existing Oracle financial systems. The solution was launched
to more than 2,500 Cummins employees and automates procurement and
expense management processes via the Internet.

-- Toshiba America Information Systems, Inc. selected Inforte to develop
and integrate its eBusiness customer-relationship management (eCRM)
initiative. One of the most comprehensive and integrated applications
in the industry, this initiative is designed to enhance overall
customer satisfaction and seamlessly integrate customers, employees,
suppliers and partners in an end-to-end eBusiness solution.

-- Inforte maintained excellent profitability and cash flow in the March
2000 quarter with a 56.0% gross margin, a 12.0% operating margin, days
sales outstanding of 16, and $1.2 million in cash flow from operations.

About Inforte Corporation

Inforte Corp. is a leading eBusiness integrator that focuses on velocity -- delivering better, faster eBusiness strategies and solutions to clients that empower them to compete successfully in the Internet economy. Inforte offers the unique combination of eStrategy, business-to-consumer and business-to-business eCommerce, supply-chain integration, and premier customer experience design and management capabilities required to build end-to-end eBusiness solutions that are integrated across clients' value chains. Inforte's client-advocacy approach and delivery methodology, ``Velocity to Value', has enabled the company to achieve 100 % client referenceability and industry-leading project efficiency metrics. Founded in 1993, Inforte has offices in Chicago, Dallas, Los Angeles and San Francisco, and 100% of its employees are owners. For more information, contact Inforte at 800-340-0200 or visit their web sites -- www.inforte.com and www.eStrategy.com .