BROADVISION Zahlen

Beitrag: 1
Zugriffe: 470 / Heute: 1
Auhof:

BROADVISION Zahlen

 
25.01.01 22:22
BroadVision, Inc. Reports Results for Fourth Quarter 2000  
       THURSDAY, JANUARY 25, 2001 4:17 PM
- BusinessWire

REDWOOD CITY, Calif., Jan 25, 2001 (BUSINESS WIRE) -- BroadVision, Inc. (Nasdaq: BVSN), a leading provider of personalized e-business applications, today reported financial results for the quarter ended December 31, 2000.

Key financial results for the quarter and comparisons versus prior quarters are as follows:

                          Quarter ended  Quarter ended  Quarter ended
                               Q4'00          Q4'99          Q3'00
                          -------------  -------------  -------------
Revenues                   $136.9 million $43.7 million $120.2 million
Operating Income             $4.6 million  $5.9 million  $17.8 million
(Pro Forma-Fiscal
 2000 only)
Net Income                   $4.5 million  $8.1 million  $13.6 million
(Pro Forma- Fiscal 2000
only)
Diluted EPS                         $0.02         $0.03          $0.05
(Pro Forma- Fiscal 2000
only)

          §   Key financial results for the year 2000 as compared to 1999 are as
follows:

                                  FY'00            FY'99
                                  -----            -----
Revenues                       $413.9 million   $115.5 million
Operating Income                $45.1 million    $15.3 million
(Pro Forma Fiscal 2000 only)
Net Income                      $38.7 million    $18.8 million
(Pro Forma-Fiscal 2000 only)
Diluted EPS                             $0.13            $0.07
(Pro Forma-Fiscal 2000 only)

"It was a great year in terms of both revenues and non-financial measures. Q4 2000 was BroadVision's eleventh consecutive quarter of profitability, on a pro-forma basis. Our aggressive growth and enhanced presence in global markets did result in higher than anticipated expense levels in Q4, but we feel good about the market and believe that we are well positioned for continued success," said Dr. Pehong Chen, president and CEO, BroadVision. "In 2001 we intend to build on our strong foundation to deliver the most innovative suite of e-business applications that help companies provide their customers, employees, suppliers and partners with personalized, self-service access to a variety of key business processes. We believe that BroadVision's enterprise-class solutions deliver the cost savings and revenue generating opportunities that CIOs are looking for in today's economic climate."

New Customers
During the quarter, BroadVision acquired 107 new customers (93 end-user customers and 14 partner organizations) - bringing the total number of BroadVision's installed base to 1,169 accounts across top vertical markets worldwide. During this same period, 95 sites went live using BroadVision applications. A sampling of new BroadVision customers includes:

   --  Digital Markets: Clicon, Colinx LLC, ICFox, iStark, New Health
       Exchange, PurchasePro, Universal Exchange, U-Steel

   --  Energy/Utility: Saudi Aramco Services, ENEL, WIND

   --  Financial Services: ABN-AMRO Bank, Banca Commercio, Bear
       Stearns, BGZ Bank Poland, China Trust Bank, CIBC, CommerzBank
       UK, Dogas E-Bank, Korfez Bank,

   --  Healthcare/Pharmaceuticals: Advance PCS, Hawaii Medical
       Service Association, Pharmacia

   --  High-Tech/Manufacturing: Circadence, Coors, Heineken, Mettler
       Toledo, NCR, Sony UK, Toppan Printing, Toshiba Australia,
       webMethods

   --  Media/Publishing: BigApple, Editorial Atlantida SA, Reuters

   --  Public Sector: British Department of Trade and Industry,
       California Department of Transportation (Caltrans), State of
       California

   --  Retail/Distribution: Cendant, LeShop Germany, Tweeter Home
       Entertainment, Viajes Marsana

   --  Telecom: BT Ignite, Cellkom Malaysia, France Telecom, Japan
       Telecom, Telmex, Westell

   --  Travel/Leisure: Easy Voyage, Online Travel Portal

Additionally, BroadVision received significant repeat business in new revenue during the quarter from a variety of existing customers including Air France, American Airlines, Bank of America, British Telecom, Citibank USA, CompuCom, Credit Suisse, GE Capital, Home Depot, Intel, MCI Worldcom, Nortel Networks, OfficeMax, Philips, Sears, TSMC, Xerox and more.

Partnerships and Strategic Alliances
This past quarter, 14 leading firms joined BroadVision's expanding network of systems integration, consulting and reseller partners to expand its distribution channels, broaden product integration, and develop and launch new technology and services to further penetrate markets in leading industries worldwide. Highlights this quarter include:

   --  A strategic alliance with BEA Systems to embed BEA WebLogic
       Server(TM) within BroadVision One-To-One(R) Enterprise,
       BroadVision's e-business application platform. The two
       companies have agreed to engage in collaborative engineering
       and marketing initiatives. Together, the companies will supply
       next-generation e-business solutions that combine leading
       Java-based application server technology with the leading
       e-business software applications.

       The announcement of this strategic alliance was included in
       BroadVision's introduction of the next generation of
       BroadVision's e-business application platform, BroadVision
       One-To-One Enterprise. The partnership with BEA Systems will
       add Java(TM) 2 Platform, Enterprise Edition (J2EE(TM)) support
       to BroadVision One-To-One Enterprise Version 6. These new Java
       technology-based features will enhance BroadVision's already
       robust support for open standards including JavaScript(TM)
       technology, C++, COM, CORBA, XML, XSL, LDAP, WML and WAP.
       BroadVision One-To-One Enterprise Version 6 will be one of the
       only J2EE technology-compatible e-business solution suites to
       also deliver comprehensive e-business applications, content
       management, personalization, analytics and wireless support
       from a single vendor.

   --  A partnership with i2 Technologies to deliver a comprehensive
       e- commerce solution. The combined offering is intended to
       integrate the i2 TradeMatrix Sell and i2 TradeMatrix Content
       Solutions with BroadVision's suite of e-business applications
       to create a best-of-breed solution for managing the entire
       e-commerce value chain.

   --  An e-business alliance with Intel to jointly develop and
       market solutions built on BroadVision's suite of e-business
       applications and Intel's servers. BroadVision and Intel plan
       to develop and market solutions built on BroadVision's suite
       of e-business applications and Intel-based servers.

   --  A continuing partnership with Hewlett-Packard Company that has
       resulted in delivering advanced, e-business solutions to more
       than 100 customers worldwide. HP Consulting has more than 400
       trained consultants engaged in the implementation of more than
       40 BroadVision customer sites worldwide.

   --  A $17 million worldwide agreement with NCR Corporation to
       enable the two companies to drive business growth with
       personalized communications to consumers and businesses. The
       $17 million commitment represents the two companies' joint
       investment in research and development, marketing and the
       development and operation of Centers of Expertise.

In addition, BroadVision worked closely with systems integration partners such as Accenture, Cambridge Technology Partners (CTP), Computer Science Corporation (CSC), Computer Technology Associates (CTA), Context Integration, Corio, Deloitte Consulting, Ernst & Young, Groundswell, HP, iXL, KPMG, LEAPNet, MediData, NexGenix, PricewaterhouseCoopers, Roundarch, Softek, USinternetworking, Xpedior, and others which together delivered or influenced more than 85% of new license revenues during the quarter.

Additional Milestones
BroadVision reached the following notable milestones during Q4 2000:

   --  On November 13, 2000, BroadVision was added to the Standard &
       Poor's 500 Index--one of the most widely used benchmarks of
       U.S. equity performance. The S&P 500 Index consists of 500
       stocks chosen for market size, liquidity and industry group
       representation.

   --  BroadVision reached a software engineering milestone,
       delivering its one-hundredth sequential, on-time software
       release with BroadVision(R) MarketMaker(TM) version 5.5.1 for
       the Sun Solaris(TM) Operating Environment and Hewlett-Packard
       HP-UX(TM) operating systems. This is noteworthy because it
       marks the 100th release of a BroadVision e-business product,
       with each release delivered on or before the planned release
       date.

   --  BroadVision was ranked Number 15 on the Deloitte & Touche
       Technology Fast 500, a ranking of the 500 fastest-growing
       technology companies in North America. Rankings were based on
       five-year percentage revenue growth from 1995 to 1999.

   --  BroadVision was listed for inclusion in The Standard 100,
       powered by Epoch Partners, the premier stock index tracking
       the Internet economy.

   Conference Call

BroadVision will hold a conference call to discuss the fourth quarter and its outlook for 2001 at 1:30 pm Pacific Time on Thursday, January 25th, 2000. The call, open to the public and hosted by Dr. Pehong Chen, President and CEO of BroadVision, can be accessed by going to the investor relations section of the company's website at www.broadvision.com. A replay of the call will also be available for 30 days on the website.

   "Safe Harbor" Statement Under the Private Securities Litigation
   Reform Act of 1995:

Information in this release that involves expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which forward-looking statements involve risk and uncertainties. All forward-looking statements included in this release are based upon information available to BroadVision as of the date of this release, and BroadVision assumes no obligation to update or correct any such forward-looking statement. These statements are not guarantees of future performance and actual results could differ materially from BroadVision's current expectations. Factors which could cause or contribute to such differences include, but are not limited to: lack of market acceptance of BroadVision's products or services; BroadVision's inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by competitors; and BroadVision's inability to attract and retain qualified employees. These and other factors and risks associated with BroadVision's business are discussed in its most recent annual report on Form 10-K as filed with the Securities and Exchange Commission ("SEC") and in BroadVision's quarterly reports on Form 10-Q filed subsequent to the filing of the Form 10-K.

About BroadVision
BroadVision (Nasdaq: BVSN, Neuer Markt: BDN) develops and delivers an integrated suite of packaged applications for conducting e-commerce interactions and transactions. Global enterprises and government entities use these applications to sell, buy and exchange information over the web and on wireless devices. The BroadVision e-commerce application suite enables a corporation to become more competitive and profitable by establishing and sustaining high-yield relationships with customers, suppliers and employees. BroadVision services professionals, supported by over 100 partner organizations worldwide, transform these applications into business value for our customers through consulting, education, and support services in more than 34 countries.

BroadVision--founded in 1993, public since 1996--has more than 1,100 customers and is a component stock of the Standard & Poor's 500 index. IDC ranks BroadVision as the world's leading provider of e-commerce software applications (International Data Corp., E-Commerce Software Applications Market Forecast and Analysis, 2000- 2004). BroadVision is headquartered in Redwood City, California and can be reached at 650.261.5100 or info@broadvision.com.

BroadVision, BroadVision One-To-One, BroadVision One-To-One Enterprise, and BroadVision MarketMaker are trademarks or registered trademarks of BroadVision, Inc. in the United States and other countries. Other names herein may be the property of their respective owners.

                 BROADVISION, INC. AND SUBSIDIARIES
                CONDENSED CONSOLIDATED BALANCE SHEETS
                           (In thousands)


                                      December 31,   December 31,
                                          2000           1999
                                      ------------   ------------

                               ASSETS

Current assets:
  Cash and cash equivalents          $   148,070    $   279,823
  Short-term investments                  74,465         68,758
  Accounts receivable, less
   doubtful accounts allowances
   of $4,015 and $1,446 for 2000
   and 1999, respectively                104,811         26,540
  Prepaids and other                      17,416          5,085
                                     -----------    -----------
      Total current assets               344,762        380,206

Property and equipment, net                76,685         16,751
Long-term investments                     102,555          4,414
Goodwill and other intangibles, net       607,501           --
Other assets                                5,942          4,757
                                     -----------    -----------
      Total assets                   $ 1,137,445    $   406,128
                                     ===========    ===========


                LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable                   $    15,711    $     5,754
  Accrued expenses                        47,597         13,156
  Unearned revenue                        16,330          3,896
  Deferred maintenance                    42,237         15,228
  Income taxes                              --           16,769
  Current portion of long-term
   debt and capital lease
   obligations                               977          1,247
                                     -----------    -----------
      Total current liabilities          122,852         56,050

Other noncurrent liabilities                  898           --
Long-term debt                              3,897          4,890
                                     -----------    -----------
      Total liabilities                  127,647         60,940

Stockholders' equity:
  Common stock                                27             24
  Additional paid-in capital           1,174,088        320,259
  Deferred compensation                     --             (226)
  Accumulated other comprehensive
   income, net of tax                     (4,348)        25,925
  Accumulated deficit                   (159,969)          (794)
                                     -----------    -----------
      Total stockholders' equity       1,009,798        345,188
                                     -----------    -----------
      Total liabilities and
       stockholders' equity          $ 1,137,445    $   406,128
                                     ===========    ===========


                 BROADVISION, INC. AND SUBSIDIARIES
           CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
              (In thousands, except per share amounts)

                            Three Months Ended    Twelve Months Ended
                               December 31,           December 31,
                             2000       1999        2000        1999

Revenues:
Software licenses         $  80,925  $  28,162   $ 250,838  $  75,383
Services                     55,952     15,581     163,078     40,131
                          ---------  ---------   ---------  ---------
  Total revenues            136,877     43,743     413,916    115,514

Cost of revenues:
Cost of license revenues      2,050      1,243       7,071      3,703
Cost of service revenues     37,787      9,994     117,758     25,108
                          ---------  ---------   ---------  ---------
  Total cost of revenues     39,837     11,237     124,829     28,811
                          ---------  ---------   ---------  ---------
Gross profit                  97,040     32,506     289,087     86,703

Operating expenses:
Research and development     21,126      4,582      51,579     14,568
Sales and marketing          62,397     19,012     164,966     48,903
General and administrative    8,927      2,969      27,469      7,970
Goodwill and intangible
 amortization, net           66,036         --     187,748         --
                          ---------  ---------   ---------  ---------
Charge for acquired
 in-process Technology           --         --      10,100         --
                          ---------  ---------   ---------  ---------
  Total operating
   expenses                 158,486     26,563     441,862     71,441
                          ---------  ---------   ---------  ---------
Operating income (loss)      (61,446)     5,943    (152,775)    15,262

Other income, net              2,712      2,542      18,217      4,543
                          ---------  ---------   ---------  ---------
  Income (loss) before
   provision for income
   taxes                    (58,734)     8,485    (134,558)    19,805

Provision for income taxes     2,848        423       24,617       996
                          ---------  ---------   ---------  ---------

  Net income (loss)       $ (61,582) $   8,062   $(159,175) $  18,809

Basic earnings (loss)
per share                  $  (0.23) $    0.03   $   (0.61) $    0.08
                          =========  =========   =========  =========
Diluted earnings (loss)
per share                 $   (0.23) $    0.03   $   (0.61) $    0.07
                          =========    =========   ======== =========

Shares used in computing:
 Basic earnings (loss)
  per share                 268,315    237,885     259,780    229,128
                          =========  =========   =========  =========
 Diluted earnings (loss)
  per share                 268,315    275,442     259,780    260,712
                          =========  =========   =========  =========

Pro forma net income(a)   $   4,454        N/A   $  38,673        N/A
                          =========  =========   =========  =========

Pro forma basic earnings
per share                $    0.02        N/A   $    0.15        N/A
                          =========  =========   =========  =========
Pro forma diluted earnings
per share                $    0.02        N/A   $    0.13        N/A
                          =========  =========   =========  =========


          §   Note (a): Pro Forma net income/EPS excludes amortization of
goodwill and acquired technology and the charge for acquired
in-process technology. Goodwill amortization was $63,627 and $180,922
and acquired technology amortization was $2,409 and $6,826 for the
three and twelve months ended December 31, 2000, respectively. The
charge for acquired in-process technology was $0 and $10,100 for the
three and twelve months ended December 31, 2000, respectively. Shares
used for the pro forma diluted earnings per share calculations are
296,834 and 295,581 for the three and twelve months ended December 31,
2000, respectively.

CONTACT:          BroadVision, Inc.
                 Investor Relations
                 Bob Okunski, 650.542.4659
                 bob.okunski@broadvision.com
                 Press and Media Relations
                 Amber Rowland, 650.542.5881
                 amber.rowland@broadvision.com

URL:              www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2001 Business Wire. All rights reserved.

KEYWORD:          CALIFORNIA
INDUSTRY KEYWORD: E-COMMERCE
                 INTERNET
                 SOFTWARE
                 COMPUTERS/ELECTRONICS
                 EARNINGS



BVSN fällt nachbörslich auf 13$
Grüsse Auhof
Es gibt keine neuen Beiträge.


Börsen-Forum - Gesamtforum - Antwort einfügen - zum ersten Beitrag springen
--button_text--