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Technology Stocks : BroadVision (BVSN) -- Ignore unavailable to you. Want to Upgrade?

To: peter xutra who wrote (1448)	4/23/1999 11:54:00 AM
From: David R. Doerr	Read Replies (1) \| Respond to of 3773

The conference call is always good to listen to. The following comes from Marshall Senk's weekly email he sends out. BroadVision reported Q1:99 results after the close on April 22, 1999, delivering revenue of $18.5 million (versus our $16.6 million estimate) and untaxed (diluted) EPS of $0.11. The First Call mean was $0.09. Revenue of $18.5 million increased 83% year-over-year and was driven by continued strong demand for BroadVision software. License revenue of $12.8 million grew 76% and accounted for 69% of the total business. Service revenue of $5.7 million increased 104% and accounted for the remaining 31%. During the quarter, BroadVision signed up 43 new customers, the most ever, raising the total from 274 at the end of December to 317. Of the $18.5 million in revenue, 51% came from repeat customers versus 44% last quarter. We view this as an indication that the company continues to both build share in new accounts and drive new deployments within its customer base. By extending its technology leadership, the company, we believe, is competing effectively against the larger players who are coming from behind in their understanding of web-based systems. We look for the company to extend its message beyond “Internet software” to focus more on electronic commerce solutions, which connect business partners. This applications and business solution focus, in our view, clearly crystallizes BroadVision's value proposition to customers and should help establish and further position BroadVision as an enterprise applications vendor, in the same vein as SAP, Baan, PeopleSoft and Seibel.