Business Objects Announces Preliminary Q2 2006 Results.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. & PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Business Objects (Nasdaq:BOBJ BOBJ Business Objects SA ) (Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. code FR0004026250 - BOB), the world's leading provider of business intelligence (BI) solutions, today announced preliminary results for the second quarter ended June 30, 2006. Total revenue for the second quarter of 2006 is expected to be approximately $287 to $291 million, with license revenue of approximately $116 to $118 million and services revenue of approximately $171 to $173 million. The company's previous guidance issued on April 26, 2006 estimated total revenue for the second quarter of 2006 between $295 to $300 million. U.S. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of for the second quarter of 2006 are expected to be $0.05 to $0.08 and non-GAAP diluted earnings per share are expected to be $0.25 to $0.28. The company's previous guidance for the second quarter of 2006 (issued on April 26, 2006) estimated U.S. GAAP diluted earnings per share of $0.10 to $0.13 and non-GAAP diluted earnings per share of $0.30 to $0.33. "We are disappointed with our performance this quarter," said John Schwarz —John F. Schwarz is the name of:
"Looking ahead, we continue to see a substantial opportunity for the business intelligence market and for our company, our products and our services, and we will use the lessons learned from this quarter to improve our future execution." The company currently anticipates releasing its financial results for the second quarter of 2006 and updating its forward business outlook on July 26, 2006. Conference Call Information To accommodate its global investors, Business Objects will hold two conference calls to discuss the preliminary Q2 2006 results for the second quarter of 2006. The first call will begin on July 6, 2006 at 2:00 p.m. pacific time (5:00 p.m. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , 10:00 p.m. London, 11:00 p.m. Paris). The call-in numbers are (800) 399-7988 for North America and (706) 634-5428 for Europe and Asia with ID #2729206. A replay will be available two hours following the call on Business Objects' Investor Relations Investor relations The process by which the corporation communicates with its investors. web site or for two weeks at the following numbers: (800) 642-1687 (domestic) or (706) 645-9291 (international) with ID#2729206. The second call will begin on July 6, 2006 at 11:00 p.m. pacific time (July 7, 2006 at 2:00 a.m. New York, 7:00 a.m. London, 8:00 a.m. Paris). The call-in numbers are (800) 399-7988 for North America and (706) 634-5428 for Europe and Asia with ID #2729368. A replay will be available two hours following the call on Business Objects' Investor Relations web site or for two weeks at the following numbers: (800) 642-1687 (domestic) or (706) 645-9291 (international) with ID#2729368. The conference calls will also be webcast live, and can be accessed on the company's IR website at www.businessobjects.com. Accounting Principles Business Objects prepares its financial statements in accordance with U.S. GAAP. Because the company is listed on both the Eurolist by Euronext(TM) in France and the Nasdaq National Market in the United States, it is required to separately report consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge prepared in accordance with both US GAAP and International Financial Reporting Standards International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). ("IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System "). The most significant identified differences between the two reporting standards for Business Objects relate to the treatment of stock-based compensation expense, the accounting for deferred tax assets on certain intercompany transactions and the accounting for business combinations. In accordance with French regulations and IFRS, Business Objects filed with the Autorite des Marches Financiers in France its Document de Reference 2005 on April 24, 2006 under the registration number R.06-038, which included its consolidated financial statements for the year ended on December 31, 2005. The Document de Reference 2005 includes the consolidated information that Business Objects published on April 26, 2006 to the Bulletin des Annonces Legales Obligatoires ("BALO BALO Bulletin des Annonces Légales et Obligatoires (French) BALO Bdellovibrio and Like Organisms BALO Brigade Air Liaison Officer ") in France. In addition, the Company expects to publish the revenues for its first half of 2006 in accordance with IFRS in the BALO in France in August 2006. Use of Non-GAAP Financial Measures The non-GAAP financial earnings per share information for the second quarter included in this preliminary results press release are different from those otherwise presented under U.S. GAAP as these non-GAAP measures exclude certain charges. These charges include a write-off of in-process research and development, amortization of intangible assets, stock-based compensation expense, and restructuring charges. Business Objects has provided this measures in addition to U.S. GAAP financial results because management believes this non-GAAP measures provide a consistent basis for comparison between quarters and of growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. year-over-year that are not influenced by certain non-cash charges or impacts of prior period acquisitions, and therefore are helpful in understanding Business Objects' underlying operating results. This non-GAAP measure is one of the primary measures Business Objects' management uses for planning and forecasting. This measure is not in accordance with, or an alternative to U.S. GAAP and this non-GAAP measure may not be comparable to information provided by other companies. About Business Objects Business Objects is the world's leading business intelligence (BI) software company, with more than 35,000 customers worldwide, including over 80 percent of the Fortune 500. Business Objects helps organizations of all sizes create a trusted foundation for decision making, gain better insight into their business, and optimize performance. The company's innovative business intelligence suite, BusinessObjects(TM) XI, offers the BI industry's most advanced and complete solution for performance management, planning, reporting, query and analysis, and enterprise information management. BusinessObjects XI includes the award-winning Crystal line of reporting and data visualization software. Business Objects has also built the industry's strongest and most diverse partner community, and offers consulting and education services to help customers effectively deploy their business intelligence projects. Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company's stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com. Forward-Looking Statements This document contains forward-looking statements that involve risks and uncertainties concerning the company's expected revenue and profitability for the quarter ended June 30, 2006. Actual events or results may differ materially from those described in this document due to a number of risks and uncertainties. These potential risks and uncertainties include, among others the completion of the Company's quarterly close and its independent auditors quarterly review. More information about potential factors that could affect Business Objects' business and financial results is included in Business Objects' Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2005 and Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2006 which are on file with the SEC and available at the SEC's website at www.sec.gov. Business Objects is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to undertake any obligation to update these forward-looking statements to reflect events or circumstances after the date of this document. Business Objects and the Business Objects logo, BusinessObjects, WebIntelligence, Crystal Reports, Intelligent Question, and Desktop Intelligence are trademarks or registered trademarks of Business Objects S.A. or its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. in the United States and/or other countries. All other names mentioned herein may be trademarks of their respective owners. |
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