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Technology Stocks : Earnings: Small Cap Tech/ Software -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (134)	3/3/2002 5:35:50 PM
From: SusieQ1065	Respond to of 238

AGIL ($13-$9)...P/E zero...misses by 1 cent.. Archive Headline 14-Feb-02 16:35 ET Agile Software misses estimates (AGIL) 13.01 -0.04: Reports Q3 (Jan) loss of $0.14 per share, $0.01 worse than the Multex consensus of ($0.13); revenues fell 28% year/year to $18.0 mln vs the $19.3 mln consensus. Thursday February 14, 8:04 pm Eastern Time Agile posts Q3 loss vs. yr-ago profit as revs fall (UPDATE: adds byline, analyst, CEO comments, financial guidance, details) By Siobhan Kennedy NEW YORK, Feb 14 (Reuters) - Business-to-business software maker Agile Software Corp (NasdaqNM:AGIL - news) on Thursday posted an operating loss compared with a profit a year ago as revenues fell 28 percent amid the U.S economic slump. ADVERTISEMENT But Bryan Stolle, Agile's chief executive, said the worst was over and signaled that Agile had seen a bottom in its business. ``Fiscal Q3 was our worst performance ever relative to our plan and expectation,'' Stolle said on a conference call with analysts. ``But we believe this was the last really tough quarter for Agile and that we are headed up from here.'' Agile's shares, which closed the regular Nasdaq trading session down 4 cents at $13.01, were pushed down 50 cents in after hours trade to $12.50, according to Instinet. ``It was one of those avert-your-eyes quarters,'' Tim Klein, an analyst with US Bancorp Piper Jaffray, said. ``But management's calling a bottom so I guess we'll just have to wait and see.'' Looking ahead, Agile said it was sticking by previously lowered estimates for its fourth quarter and full year 2002 earnings. Those forecasts call for Agile to post a fourth quarter loss in the range of 10 cents to 15 cents a share and full year 2002 revenues in an upper range of $80 million to $85 million. Agile also said it was comfortable with analysts' current 2003 estimates for revenues in the range of $105 million to $115 million. ``I think the outlook was fairly positive,'' John Ederer, an analyst with Pacific Growth Equities said, noting that Agile had not, at least, lowered its outlook. REVENUES FELL But all the key pointers for the third quarter were disappointing, Ederer added. Revenues fell 28 percent to $18 million from $25 million last year. And license revenues -- a barometer for a software company's core growth -- plummeted 48 percent to $9.9 million from $19 million a year ago and down from $13.1 million in the prior quarter. Agile's software enables manufacturers to collaborate with their suppliers over the Internet on new or changing product designs and then find and purchase the necessary components. Its customers include such high-tech names as Compaq Computer Corp. (NYSE:CPQ - news), Dell Computer Corp. (NasdaqNM:DELL - news), Juniper Networks Inc. (NasdaqNM:JNPR - news) and Lucent Technologies Inc. (NYSE:LU - news). But like its competitors in the manufacturing software sector -- including i2 Technologies Inc. (NasdaqNM:ITWO - news) and Manugistics Group Inc. (NasdaqNM:MANU - news) -- Agile has been hit hard by a tough economy and a sharp slowdown in customer spending, particularly in the battered high-tech sector where Agile is traditionally strong. ``It's still very uncertain when a recovery will occur and at what rate,'' Stolle said, although he noted that Agile was already working on a number of large, seven-figure deals in the current fourth quarter. LOSS VS. PROFIT For the third quarter ended Jan. 31 Agile posted a pro forma loss of $6.8 million, or 14 cents a share, compared with a pro forma profit of $353,000, or 1 cent a share, in the 2001 third quarter. Agile said the loss excluded charges and credits associated with stock compensation, amortization of goodwill and purchased intangible assets, and payroll taxes on stock option exercises. The results were broadly in line with analysts' lowered average expectations for a loss of 13 cents a share, according to Thomson Financial/First Call. Agile had told analysts it expected to post a loss in the range of 10 cents to 15 cents a share in both the third quarter and the fourth quarter of fiscal 2002. On a net basis, including all charges, Agile posted a loss for the quarter ended Jan. 31 of $6.3 million, or 13 cents a share, compared with a net loss of $12.6 million, or 27 cents a share, the year before. The company's shares have lost half their value in the last year, but have outperformed the S&P Software Index by more than 22 percent. Email this story - Most-emailed articles - Most-viewed articles