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To: 2MAR$ who wrote (380)	10/21/2000 5:54:50 AM
From: 2MAR$	Read Replies (1) \| Respond to of 762

DCTM (+13 @ $97) shows Q3 profit, says yes to stock split PLEASANTON, Calif., Oct 18 (Reuters) - Information management systems provider Documentum Inc (NasdaqNM:DCTM - news) flipped into a profit for the third quarter against a loss last year, beating estimates, with a 61 percent increase in license revenue. The company also approved a two-for-one stock split with a record date of November 1 and payable date of November 13. The company currently has approximately 18.2 million shares outstanding. The Pleasanton, California-based company reported a profit of $2.6 million, or 13 cents a share, compared with a loss of $1.4 million, or eight cents a share in the year earlier period. The Wall Street consensus estimate was for 11 cents a share. It posted $51.7 million in revenue, a 53 percent increase from $33.8 million from the third quarter of 1999. Its license revenue increased 61 percent to $31.4 million. Documentum Shares closed at $79-7/8 in Wednesday's Nasdaq trading, up $4-5/8 from the previous close. They reached as high as $106 in March and as low as $9-3/8 in April. Email this story - View most popular stories emailed