Press release:
Tuesday January 27, 4:07 pm Eastern Time
Company Press Release
Viasoft Announces Record Revenues and Earnings in Fiscal 1998
Second-Quarter Results
PHOENIX--(BUSINESS WIRE)--Jan. 27, 1998--Viasoft Inc. (Nasdaq/NM:VIAS - news) Tuesday announced record second-quarter
revenues and earnings per share.
The company posted second-quarter and year-to-date revenues of $28.2 million and $54.2 million, representing increases from the
previous year of 42 percent and 61 percent, respectively.
Net income increased 82 percent to $5 million, or 25 cents per share (diluted), in the second quarter of fiscal 1998, from $2.8 million,
or 15 cents per share (excluding acquisition-related charges), for the comparable quarter a year ago.
The weighted average number of common and common equivalent shares outstanding was 20,005,000 and 17,961,000 (including
dilutive common stock equivalents as if the acquisition-related charges were not incurred), for the quarters ended Dec. 31, 1997 and
1996, respectively.
Net income increased 103 percent to $8.8 million, or 45 cents per share (diluted), for the six months ended Dec. 31, 1997, from $4.3
million, or 24 cents per share (excluding acquisition-related charges), for the same period last year.
The weighted average number of common and common equivalent shares outstanding was 19,370,000 and 17,831,000 (including
dilutive common stock equivalents as if the acquisition-related charges were not incurred) for the six months ended Dec. 31, 1997
and 1996, respectively.
Including the acquisition-related charge of $27 million from the Roettger & Osterberg Software-Technik GmbH (R&O) acquisition, the
net loss per share for the quarter and six months ended Dec. 31, 1996, was $1.42 and $1.34, respectively.
Commenting on the company's results, Viasoft's chairman, president and chief executive officer, Steven D. Whiteman, said: ''The
company just completed its strongest quarter ever with respect to generating license revenues. During the quarter, license revenues
totaled $16.7 million, up 99 percent from the prior year's quarter. Specifically, we saw strong performance from Viasoft's Estimate
2000(tm), Bridge 2000(tm), VIA/AutoChange(tm) and Rochade products.
''From a distribution standpoint, we saw year-over-year and sequential growth from both our domestic and international operations,''
Whiteman continued. ''Included in the results were services revenues of $4.3 million, a decrease of 33 percent over the comparable
period a year ago.
''We are striving to improve margins in our services business as consulting work on a large, fixed-price contract is completed and
several new enablement services, such as FastPath 2000(sm) and ChangeWorks(tm), become fully operational.
''We are very excited with the recent announcement of our desktop strategy with the acquisition of EraSoft Technologies Inc. and
several distribution arrangements with other vendors in the desktop market. Going forward, the company will continue to expand its
product line to offer end-to-end solutions for the mainframe and desktop markets.''
Viasoft is a leading provider of business solutions, consisting of integrated technology and specialized professional services,
designed to enable customers worldwide to cost-effectively manage and evolve their information technology assets.
With headquarters in Phoenix, Viasoft provides sales and services to regional offices in the United States, Europe, the Asia/Pacific
region, and a growing network of international subsidiaries and distributors. For more information on Viasoft's products and services,
visit the company's World Wide Web site at www.viasoft.com.
The statements made in this news release that are not historical facts contain forward-looking information that involve risks and
uncertainties. Important factors that may cause actual results to differ include, but are not limited to, the impact of competitive
products and services; risks associated with results and timing of technology development and commercialization; the company's
ability to manage growth and acquisitions of technology or businesses; the effect of economic and business conditions, including
risks inherent in international operations and the ability to attract and retain technical personnel; risks associated with, as well as
the company's ability to manage, a consulting services business; and other risks detailed from time to time in the company's
Securities and Exchange Commission filings.
I deleted the rather extensive detailed financial statements - If anyone needs them the full release is available at:
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