Accrue Software Issues Earnings Clarification; Fiscal Q2 2001 Pro Forma EPS Meet Analyst Expectations at $0.06.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--Oct. 18, 2000 Accrue(R) Software, Inc. (Nasdaq:ACRU ACRU American Civil Rights Union ACRU Active Confirmed Registered User (eBay) ), the leading provider of eBusiness analytic solutions for optimizing visitor response to Web-based campaign, content, commerce and affiliate initiatives today issued a clarification of reported earnings in response to requests from investors. Accrue reported its third consecutive quarter of profitability on a pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma basis. The Company reported record pro forma net income of $0.06 per share for the second fiscal quarter compared to a pro forma net loss of ($0.06) per share for the quarter ended September 30, 1999 and pro forma net income of $0.05 per share for the quarter ended June 30, 2000. The pro forma results exclude non-cash charges for stock based compensation, amortization of goodwill, intangibles and in process R&D resulting from acquisitions. Financial analyst earnings expectations for Accrue are based on the pro forma results. Accrue's pro forma EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. of $0.06 was in line with analyst expectations. SEC reported earnings include non-cash charges for stock based compensation, amortization of goodwill, intangibles and in process R&D resulting from acquisitions, which for the quarter resulted in a net loss of ($0.71) per share. For further clarification please contact Accrue Investor Relations Investor relations The process by which the corporation communicates with its investors. at investor@accrue.com or 1-888-422-2783. About Accrue Software Accrue Software is the leading provider of eBusiness analytic solutions for optimizing visitor response to Web-based campaign, content, commerce and affiliate initiatives. Accrue's complete line of analytic applications offers companies the ability to target their most profitable customers by understanding behavior and purchasing trends for different visitor segments: Converting Clicks to Customers(TM). Accrue Software was founded in 1996 and has its headquarters in Fremont, Calif., with regional sales offices throughout the U.S., and an international headquarters in London, England. Accrue has strategic partnerships with Annuncio, Art Technology Group, ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. Interactive, BroadVision, DoubleClick, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Informix, Intel/iPivot, JDA JDA Japan Defense Agency JDA Joint Development Agreement JDA Janne da Arc (band) JDA Joint Duty Assignment JDA Jerusalem Development Authority JDA Jovian Detention Authority (gaming) , MarketFirst, MicroStrategy, OgilvyOne Interactive, Open Market, Oracle Corporation, Siebel, Unica, Vignette, and Xchange. Accrue Software can be reached at 1-888-4ACCRUE or 510-580-4500 and at http://www.accrue.com. Accrue, Accrue Insight, Hit List, Vista, BuyPath, DataLink, Decision Series and NeoVista Assort as·sort v. as·sort·ed, as·sort·ing, as·sorts v.tr. 1. To separate into groups according to kind; classify. 2. To supply with (an appropriate variety or assortment, as of goods). and Profile are trademarks of Accrue Software, Inc. All other trademarks are the sole property of their respective owners. |
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