SPSS Inc. Third Quarter Results Show Continued Pattern of Strong Earnings Growth.CHICAGO--(BUSINESS WIRE)--Nov. 3, 1998--SPSS Inc. (Nasdaq: SPSS A statistical package from SPSS, Inc., Chicago (www.spss.com) that runs on PCs, most mainframes and minis and is used extensively in marketing research. It provides over 50 statistical processes, including regression analysis, correlation and analysis of variance. ), a worldwide leader in analytical software Analytical software is software that is designed specifically for and development of a particular environment or object. , today announced results for the third quarter ended Sept. 30, 1998: net revenues of $29.6 million (up 11 percent from $26.6 million in the third quarter of 1997) and 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 (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 $0.36 (up 50 percent from an adjusted EPS of $0.24 in the third quarter of 1997). Analysts' consensus estimate for SPSS' third quarter of 1998 earnings was $0.35 per share. "Again this quarter, we saw the increasing trend toward larger sales transactions, especially for data mining applications. This trend is becoming the key factor driving our growth," said Jack Noonan, SPSS 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. . "This enterprise-wide deployment of our products and services is critical to our strategy of leading the large markets for analytical software."
Results summary (in millions,
except for per share and shares outstanding amounts)
Three months ended
Sept. 30,
1998 1997 Year/year %
change
Net revenues $29.6 $26.6 11
Operating (loss) income $5.0 $(4.9) (a)
Net income (loss) $3.5 $(4.0) (a)
Diluted EPS $0.36 $(0.46) (a)
Weighted shares outstanding 9,591,083 8,799,099 9
Nine months ended
Sept. 30,
1998 1997 Year/year %
change
Net revenues $87.3 $80.7 8
Operating (loss) income $14.4 $1.7 (a)
Net income (loss) $9.5 $0.2 (a)
Diluted EPS $1.00 $0.02 (a)
Weighted shares outstanding 9,565,561 9,643,429 (1)
(a) Not meaningful percentages
Adjusted, excluding acquisition-related and other nonrecurring charges
(in millions, except for per share and shares outstanding amounts)
Three months ended
Sept. 30,
1998 1997 Year/year %
change
Net revenues $29.6 $26.6 11
Operating income $5.0 $3.6 41
Net income $3.5 $2.3 52
Diluted EPS $0.36 $0.24 50
Weighted shares outstanding 9,591,083 9,696,777 (1)
Nine months ended
Sept. 30,
1998 1997 Year/year %
change
Net revenues $87.3 $80.7 8
Operating income $14.4 $11.2 28
Net income $9.5 $7.4 28
Diluted EPS $1.00 $0.77 30
Weighted shares outstanding 9,565,561 9,643,429 (1)
Adjusted results exclude charges of approximately $6 million related to the company's September 1997 acquisition of Quantime Ltd., a leading supplier of software and services to the market research industry. Also excluded are $2.4 million in one-time charges related to the revaluation Revaluation A calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government (i.e. of certain assets, particularly those associated with the company's Macintosh product line. Third quarter: GOLDMineR, new product for ordinal (mathematics) ordinal - An isomorphism class of well-ordered sets. regression regression, in psychology: see defense mechanism. regression In statistics, a process for determining a line or curve that best represents the general trend of a data set. , shipped GOLDMineR 2.0, released in the third quarter of 1998, is a groundbreaking product that gives users a more accurate approach to creating predictive models of ranked or ordered items, such as rating scales, grouped income or medical treatment. This enables commercial analysts and researchers to predict information such as credit risks or medical outcomes. GOLDMineR's patented charts also help make information more understandable to non-statisticians by presenting results in an easy-to-read format. More SPSS products released in the third quarter included updates to SPSS Science products and local-language translations of allCLEAR. SPSS earns accolades in the data mining market In its upcoming December issue, DM Review will name SPSS Inc. among the top 100 most influential data warehouse/business intelligence vendors. The issue ranks SPSS as No. 28 in the Data Warehouse Top 100, a comprehensive market study rating vendors of data warehouse/business intelligence products. This is SPSS' second recognition this year; in January, industry analysts the META Group named SPSS as a data mining market leader. Another recent highlight was DM Review's Datawarehouse.com naming www.spss.com as the first recipient of its Editor's Choice Award. This award is given to corporate and organizational Web sites that provide exceptional resources to the business intelligence and data warehouse industry. For more, visit www.spss.com. Fourth quarter of 1998: essential data mining products planned for release In the fourth quarter 1998, SPSS expects to ship five major products ideal for data mining: -- SPSS 9.0 for Windows. Improved data access (vital for data mining applications), enhanced graphs and more statistics for in-depth analysis and modeling are the key enhancements in this major release of the company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. ; -- SmartViewer Web Server. A key component in SPSS' Report OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. solution, this all-new Web-based reporting tool enables end users to cost-effectively share dynamic information in report cubes cubes See QQQ. . It also enables report cube cube, in geometry, regular solid bounded by six equal squares. All adjacent faces of a cube are perpendicular to each other; any one face of a cube may be its base. The dimensions of a cube are the lengths of the three edges which meet at any vertex. readers to immediately interact with that information by slicing, dicing dicing Trauma surgery Multiple 0.5-1.0 cm, cube-like lacerations of the skin seen in MVA victims who strike shattered tempered glass car windows and drilling down for more insight. -- AnswerTree 2.0. Delivering four powerful algorithms The following is a list of the algorithms described in Wikipedia. See also the list of data structures, list of algorithm general topics and list of terms relating to algorithms and data structures. that help users to easily identify key patterns and segments, this second release of the company's decision tree product also helps users work faster and with more data sources; -- SPSS Data Entry Network Server. This all-new product is ideal for survey design and centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. data access and collection; and -- Neural neural /neu·ral/ (noor´al) 1. pertaining to a nerve or to the nerves. 2. situated in the region of the spinal axis, as the neural arch. neu·ral adj. 1. Connection 2.1. This major release of SPSS' neural networking product enables users to build better models faster using prediction, classification, times-series analysis and data segmentation. Also in the fourth quarter, SPSS plans to release new products including Surveys With Confidence, a brand-new product for planning, creating, distributing and analyzing surveys; allCLEAR 4.5, an upgrade of SPSS' flowcharting product; and DeltaGraph 4.5, the Macintosh version of the company's product for easy, all-purpose charting. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Certain statements in this press release are 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. . Such statements can be identified by phrases such as "expects to ship" and "plans to release." Such statements also involve known and unknown risks which may cause the company's actual results, performance, achievements, or industry results, to be materially different than any future results, performance or achievements expressed or implied in or by such forward-looking statements. By way of example and not limitation, known risks and uncertainties include changes in: market conditions, especially in Asia; changes and/or product demand and acceptance; the competitive environment; product release schedules; and currency fluctuations. In light of these and other risks and uncertainties, the inclusion of a forward-looking statement in this release should not be regarded as a representation by the company that any future results, performance or achievements will be attained at·tain v. at·tained, at·tain·ing, at·tains v.tr. 1. To gain as an objective; achieve: attain a diploma by hard work. 2. . The company assumes no obligation to update the information contained in this press release Company Information SPSS Inc. is a multinational company that delivers "Statistical Product and Service Solutions" - analytical software that enables people to better analyze their data for more informed decisions. As a leader in large analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. markets, SPSS consists of three businesses: SPSS for business analysis including market research and data mining; SPSS Science for scientific research; and SPSS Quality for quality improvement. SPSS products are used at more than 250,000 sites around the world in business, academia and government settings. Celebrating its 30th Anniversary in 1998, SPSS is one of the most enduring software companies in the world. SPSS has won the following awards: named No. 28 in DM Review's Data Warehouse Top 100; earned the Chicago Software Association's Enterprise Award in 1998; ranked among Forbes 200 Best Small Companies in America; Business Week's Top 100 Growth Companies for 1997; placed No. 21 on the1998 Softoletter 100, a ranking of the top 100 personal computer software companies 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. ; and No. 87 in the 1998 Software 500, a ranking of the world's largest software vendors by Software Magazine. Headquartered in Chicago, SPSS has offices and distributors around the world. For more information, visit www.spss.com. |
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