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Technology Stocks : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?

To: sschahal who wrote (1720)	2/15/2001 10:44:03 PM
From: Rob C.	Respond to of 2110

UPDATE 1-Agile posts 3rd-qtr earnings just above expectations (Adds background, details, analyst comments, paragraphs 5 through end.) By Siobhan Kennedy SAN JOSE, Calif., Feb 15 (Reuters) - Agile Software Corp.<AGIL.O>, whose software helps companies share product information with their suppliers and partners, on Thursday posted operating earnings that came in just ahead of Wall Street expectations and cited strong demand for its software. The San Jose, Calif.-based company reported fiscal third quarter pro forma earnings of $353,000, or 1 cent a share, excluding charges, amortization and other items, compared with a year ago pro forma loss of $1.7 million, or 4 cents a share. The company noted this would probably be its last earnings report, citing a merger deal that is in the works. Wall Street analysts had expected Agile to break even on a per share basis for the quarter ended Jan. 31, with estimates ranging from a loss of 1 cent to a profit of 2 cents, according to First Call/Thomson Financial. Revenues tripled to $25 million from $8.6 million. Including charges and other items, the company posted a net loss of $12.6 million, or 27 cents a share, vs. a loss of $12.9 million or 31 cents a share a year earlier. "It was a very, very good quarter," said Credit Suisse First Boston's analyst Brent Thill. "They exceeded our license revenues by two and half million and earnings per share was above what we were looking for." He added, "Despite some of the turbulence most of the other companies have gone through, Agile is still not seeing any weakness." Last month, Agile agreed to be acquired by Internet commerce giant Ariba Inc.<ARBA.O>, in a stock deal worth about $2.55 billion when it was announced, but now worth about $1.58 billion due to a steep drop in Ariba stock. Speaking on a conference call Thursday, Tom Shenahan, Agile's chief financial officer, said this would be Agile's last earnings report as a public company, since theAriba deal was expected to close at the end of April. For that reason, Shenahan said Agile wouldn't be giving any financial guidance for the next quarter either. Agile's software lets manufacturers and suppliers collaborate over the Web during the design and sourcing stages of product development. The lucrative market constitutes about 75 percent of supply chain costs, and Agile is widely recognized as the leading vendor in the field. Agile said it added 64 new customers this quarter, compared to 49 a year ago, including big names such as semiconductor firm Applied Materials<AMAT.O>, Hitachi Ltd<6501.T>, Microsoft<MSFT.O> and wireless technology provider Qualcomm<QCOM.O>. In addition, more than 175 of Agile's existing customers bought more of its software during the quarter, it said. Agile this week also signed a strategic alliance with Manugistics Inc.<MANU.O>, whose software helps companies manage their inventory and buying systems. The two companies plan to integrate their software applications and target the joint offering to the apparel, footwear and textiles and electronics and high tech industries (New York newsdesk 1 212 859 1674)) REUTERS Rtr 21:53 02-15-01 //Begin Meta Data// Selector Code: reutr Copyright 2001, Reuters News Service Copyright © 1997 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. or such other notice as may be agreed by the parties in writing.