Company performances in year 2000.Many companies in the Software Industry are currently trying to pursue a course of logical business development against a financial background beset be·set tr.v. be·set, be·set·ting, be·sets 1. To attack from all sides. 2. To trouble persistently; harass. See Synonyms at attack. 3. by the responses of the frustrated frus·trate tr.v. frus·trat·ed, frus·trat·ing, frus·trates 1. a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: speculators who cannot distinguish between losses and investments. The following examples illustrate the progress being made by selected companies in Yr 2000 despite this distraction Distraction Divination (See OMEN.) Porlock a “person from Porlock” interrupted Coleridge while he was recollecting the dream on which he based “Kubla Khan”. [Br. Lit.: Poems of Coleridge in Magill IV, 756] , and consequent con·se·quent adj. 1. a. Following as a natural effect, result, or conclusion: tried to prevent an oil spill and the consequent damage to wildlife. b. financial turbulence turbulence, state of violent or agitated behavior in a fluid. Turbulent behavior is characteristic of systems of large numbers of particles, and its unpredictability and randomness has long thwarted attempts to fully understand it, even with such powerful tools as Autodesk (Autodesk, Inc., San Rafael, CA, www.autodesk.com) A leading provider of computer-aided design (CAD) software, founded in 1982. It introduced AutoCAD in its first year, and three years later, became the first PC CAD company to go public. Autodesk announced financial results for its fourth quarter and fiscal year ended January January: see month. 31, 2001. The Company reported net revenues at the high end of fourth quarter and year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. guidance, and exceeded earnings per share expectations by five cents. In the fourth quarter, the Company adopted two new accounting pronouncements that deal with revenue classification. The result of the reclassifications increased net revenues and costs and expenses but had no effect to income from operations, net income, or 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 any reporting period. The new accounting pronouncements are more fully described below Prior to the accounting change, Autodesk would have reported net revenues of $238 million for the fourth quarter of fiscal year 2001 and net revenues of $910 million for the year ended January 31, 2001. These revenue numbers are at the high end of the Company's revenue guidance range of between $230 million and $240 million for the fourth quarter and between $900 million and $910 million for the year ended January 31, 2001. As a result of the new accounting pronouncements, Autodesk reported net revenues of $243 million for the fourth quarter of fiscal year 2001. This represents revenue growth of 7% compared to reclassified net revenues of $227 million for the fourth quarter of last year. Reclassified net revenues for the year ended January 31, 2001 were $936 million versus $848 million for the prior year. This represents growth of 10% for fiscal year 2001. on a pro form a basis, as defined below, fourth quarter net income was $32 million or $0.57 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share compared to $29 million or $0.48 per diluted share for the same quarter a year ago. www.autodesk.com Business Objects Results Business Objects has announced results for the fourth quarter and year ended 2000. Fourth quarter revenues were a record $105.8 million, an increase of 41 percent compared to revenues of $74.8 million for the quarter ended December 31, 1999. Net income for the fourth quarter was $16.1 million, compared to $9.5 million for the same period last year. Diluted net income per share and per ADS for the quarter ended December 31, 2000 was $0.37, compared to $0.23 in the fourth quarter of last year. Diluted net income per share and per ADS have been adjusted to reflect the two-for-one sprit of ordinary shares and ADS in January of 2000. Revenues for the year ended December 31, 2000 were $348.9 million, an increase of 44 percent compared to revenues of $241.6 million during 1999. Net income for the year ended December 31, 2000 was $42.4 million, an increase of 78 percent compared to $23.8 million for 1999. Diluted net income per share and per ADS for the year ended December 31, 2000 was $0.97, compared to $0.60 for 1999. www.businessobjects.com Catalyst Catalyst International Inc., global provider of supply chain, execution solutions (SCE SCE (in Scotland) Scottish Certificate of Education SCE n abbr (= Scottish Certificate of Education) → Schulabschlusszeugnis in Schottland ), announced revenues mad earnings for the fourth quarter and the year ending 2000. Revenues for the fourth quarter were $10.4 million, up 10.2% from revenues of $9.4 million for the same period in 1999. For the full year, 2000 revenues were $42.0 million, up 3.6% from revenues of $40.6 million in 1999. Catalyst generated net income of $586,000, or $0.07 per share, for the quarter ended December 31 2000. This compares to a net tax loss in the fourth quarter of 1999 of $1.7 million, or ($0.22) per share. For 2000, the net income was $1.8 million or $0.21 per share, compared to a net loss of $5.6 million in 1999, or ($0.77) per share. Catalyst ended 2000 with $21.2 million in cash and cash equivalents, up slightly from December 31,1999. www.catalyst.com |
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