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PLEASANTON, Calif., July 20 (Reuters) -
(In thousands, except per share data)
(Unaudited)
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
1999(i) 2000 1999(ii) 2000(iii)
Revenues:
License fees $ 79,979 $ 109,833 $ 178,706 $ 200,068
Services 275,053 280,963 525,883 543,015
Development
and other services 5,649 29,358 6,201 52,490
Total revenues 360,681 420,154 710,790 795,573
Costs and expenses:
Cost of license fees 9,637 7,828 22,144 18,261
Cost of services 147,312 149,435 286,162 292,722
Cost of development
services 5,236 26,644 5,647 47,741
Sales and marketing 100,548 112,059 204,317 198,589
Product development 76,140 84,237 143,101 164,136
General and
administrative 23,751 23,802 46,058 49,436
Restructuring charge 3,089 -- 7,444 --
Contribution to
Momentum Business
Applications -- -- 176,409 --
Total costs
and expenses 365,713 404,005 891,282 770,885
Operating income
(loss) (5,032) 16,149 (180,492) 24,688
Other income, interest
expense and other 4,525 8,187 11,973 25,864
Income (loss)
before income
taxes (507) 24,336 (168,519) 50,552
Provision for
income taxes 35 8,388 3,239 17,819
Net income (loss) (542) 15,948 (171,758) 32,733
Basic income (loss)
per share (0.00) 0.06 (0.66) 0.12
Shares used in basic
per share
computation 262,481 277,053 260,137 275,814
Diluted income (loss)
per share (0.00) 0.06 (0.66) 0.12
Shares used in
diluted per share
computation 262,481 280,609 260,137 281,574
NOTES: (i) Recurring operations for the three months
ended June 30, 1999 exclude pre-tax restructuring costs of $3.1
million.
(ii) Recurring operations for the first six months of 1999
exclude pre-tax charges of $176.4 million in connection with
the spin-off of Momentum Business Applications Inc. and $7.4
million for restructuring costs.
(iii) Recurring operations for the first six months of 2000
exclude pre-tax gains of $9.5 million from the sale of equity
investments. |
