*DJ Tibco Software 4Q Losses 10c/Share Vs 4c
TIBCO Software Announces Fourth Quarter and Fiscal Year 2000 Financial Results
Customer Demand for Infrastructure Software Drives Revenue Growth
Customers Include: Concert, Continental Airlines, Samsung, The Limited,
Hitachi Semiconductor, Knight Securities, El Paso Energy and TNT Logistics
PALO ALTO, Calif., Dec. 19 /PRNewswire/ --
TIBCO Software Inc. (Nasdaq: TIBX), a leading provider of real-time
infrastructure software for e-business, announced today results for its fourth
fiscal quarter and year ended November 30, 2000. Growth during the quarter and
the year was driven by increasing demand for TIBCO's infrastructure software,
which powers many of the world's leading e-businesses.
Total revenues for the fourth quarter were $89 million, an increase of
166 percent over $33 million in the same period a year earlier and a
32 percent increase over the prior quarter. Fiscal year 2000 revenues were
$252 million, up from $96 million, a 161 percent increase over the same period
last year.
Excluding charges relating to stock compensation, goodwill, equity
investments and acquired in-process research and development, TIBCO's net
income for the fourth fiscal quarter was $22 million, or 10 cents per share,
compared to a net income of $1 million, or 0 cents per share, for the
fourth quarter of 1999.
License revenues were $68 million for the fourth quarter, an increase of
214 percent from $22 million in the same period last year.
"In fiscal 2000, we significantly increased our lead over competitors,
doubled our customer base and achieved financial results ahead of schedule,"
said Vivek Ranadive, chairman and CEO of TIBCO Software. "Infrastructure
software has become fundamental to how companies do business. Our customer
list of leading companies reflects the increasing demand for reliable,
flexible and scalable e-business infrastructure."
Highlights for TIBCO's Fourth Quarter and Fiscal Year 2000
Customers
TIBCO added 100 new direct customers during the quarter and strengthened
its leadership position in key vertical markets such as telecommunications and
wireless, energy, manufacturing and Internet portals. Customers include
Concert, Continental Airlines, Samsung, The Limited, Hitachi Semiconductor,
Knight Securities, El Paso Energy and TNT Logistics.
During the year, TIBCO added 343 new customers, bringing the total number
of direct TIBCO customers to nearly 700. Fiscal 2000 customers include Enron,
Telstra, KPN Telecom, Seagate, Saturn, Delta Air Lines, Coral Energy, Pirelli,
Southern Company, Shell Energy, Corning, T-Online and NBCi.
Strategic Partners
During the quarter, TIBCO announced new or expanded partnerships with
Ariba, Quintessent, KPMG, Verity, Deloitte Consulting, Nokia and Broadvision,
and 30 new companies joined the TIBCO Alliance Program. For the year, TIBCO
announced relationships with Cisco, Yahoo!, Andersen Consulting, Aether and
Phone.com. During the year, TIBCO trained more than 6,000 individuals on
TIBCO products.
Products
During the quarter, TIBCO released 22 new products or product
enhancements, including two new releases from the TIBCO Extensibility(TM)
product family, XML Authority(R) and the beta version of XML Canon(TM. For the
year, TIBCO released 54 new products or product enhancements and expanded
offerings to include four product families: TIBCO ActiveEnterprise(R), TIBCO
ActivePortal(TM), TIBCO ActiveExchange(TM) and TIBCO Extensibility(TM).
The TIBCO ActiveEnterprise product family, used for integration, is a
broad and flexible suite that ties together business processes, applications
and data in real-time to create the total e-business infrastructure. The
TIBCO ActivePortal product family, used for enterprise portal creation,
enables companies to extend the enterprise to customers, business partners and
employees, providing them with a unified yet personalized view of the
information they need. The TIBCO ActiveExchange product family, used for
business-to-business (B2B) connectivity, offers a B2B e-business integration
platform that allows organizations to smoothly integrate their business
processes with those of other players in the e-marketplace. The TIBCO
Extensibility product family, used for XML applications, provides an
enterprise class platform for the development and deployment of XML-enabled
e-business applications. |
