Continuus Software Announces Preliminary First Quarter Results.Business Editors/High-Tech Writers IRVINE, Calif.--(BUSINESS WIRE)--April 11, 2000 Continuus Software Corp. (Nasdaq:CNSW), a leading provider of eAsset management solutions, announced preliminary financial results for its first fiscal quarter ended March 31, 2000. The company expects total revenues of approximately $9.9 million compared with $8.2 million in the year-earlier period. Continuus indicated that the loss for the quarter is expected to be $1.5 million to $1.8 million, exclusive of amortization charges for its acquisition of Pagoda Corp. in January 2000, or a loss of 15 to 18 cents 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 analysts estimates of net income of 3 cents per diluted share. "We had a handful of significant deals that we expected to close late in the first quarter that unfortunately slipped into the second quarter," said John Wark John Wark (born Glasgow, 4 August 1957) was a Scottish footballer who grew up in the Ipswich Town side of the 1970s and went on to become a player synonymous with the club. He was also part of the all conquering Liverpool side of the mid 1980s. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We are extremely confident that the market and our sales pipeline for our eAsset management solutions remains robust both in the near-term and long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. . Our business is strong and this quarter's unique circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or does not affect our total license revenue expectations for the year." About Continuus Continuus Software Corp. (Nasdaq:CNSW) is the leading provider of eAsset management solutions. eAsset management is an evolving technology solution that enables organizations to more effectively develop, enhance, deploy and manage their Internet and enterprise software systems, often developed by growing teams in multiple locations. Continuus products enable organizations to improve the quality of their eAssets and to reduce the time it takes to deliver Internet and software applications. Continuus offers integrated product lines designed to support the collaborative development, management, approval and deployment of the most complex and demanding software, Internet applications and Web content. The company also offers Continuus Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. that include consulting, training and maintenance services to facilitate the successful implementation of its solutions. Continuus has licensed its products to over 500 customers worldwide. For more information on Continuus: in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , call 949/453-2200; in Canada, call 613/751-4499; in the United Kingdom, call 441-344-788-100; in Germany, call 49-895904-7189; in France, call 33-1-69-59-1616; in Australia, call 61-2-9904-6033; or visit the company's Web site at www.continuus.com. This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are based largely on Continuus Software's current expectations and are subject to a number of risks and uncertainties. Actual results and events could differ significantly from those discussed in the forward-looking statements. These risks and uncertainties include those associated with the development of new products and technologies, including Continuus eAsset Management solutions, the emerging markets for our products, and intense competition in our markets, as well as other risks and uncertainties described from time to time in our filings with the Securities and Exchange Commission, including our registration statement (no. 333-76893) in connection with our initial public offering of common stock, and our most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . |
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