Vignette Reports Third Quarter 2006 Financial Results.Increased Earnings Buoyed by New Customers and Release of Next-Generation Web Solution AUSTIN, Texas -- Vignette Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :VIGN VIGN Vignette Corporation (stock abbreviation, AMEX) ) today announced that total revenue for the third quarter of 2006 was $49.3 million, up 5% from the third quarter of 2005. Vignette also added $6.7 million in cash, cash equivalents and short term investments during the quarter, bringing the total cash, cash equivalents and short-term investments balance to $215 million. For the third quarter 2006, GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). net income increased 148% year to year and non-GAAP net income increased 93% year to year. On a GAAP basis, Vignette's net income for the quarter was $3.3 million and earnings per share (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. ) was $0.11, versus $1.3 million and $0.04 in the same quarter of last year. On a non-GAAP basis, Vignette's net income for the quarter was $5.7 million and EPS was $0.19, versus $3.0 million of net income and EPS of $0.10 in the same quarter of last year. Non-GAAP results generally exclude purchased in-process research and development, acquisition-related charges, stock option expense, amortization expense for certain intangible assets, and one-time charges and gains. One-time charges and gains generally relate to business restructuring, investment and fixed asset impairment. A reconciliation of net income calculated in accordance with GAAP and non-GAAP net income is provided in the tables immediately following the condensed con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. consolidated balance sheets consolidated balance sheet A balance sheet in which assets and liabilities of a parent company and its controlled subsidiaries are combined, thereby presenting balance sheet items for the parent and its subsidiaries as if they were a single firm. and a further description of non-GAAP adjustments can be found under the caption 'Non-GAAP Financial Information' below. "We showed good progress and results during the quarter," said Mike Aviles, president and chief executive officer at Vignette. "We are excited about our new customers, our new product releases and the recent additions to the team. We welcome the recognition we are getting in the marketplace." New Business Vignette recognized orders from new and existing customers during the quarter including AstraZeneca, Australia Post, Autobytel, Behr Process Corporation, British Airports Authority, Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. , Educational Testing Service The Educational Testing Service (or ETS) is the world's largest private educational testing and measurement organization, operating on an annual budget of approximately $1.1 billion on a proforma basis in 2007. , Hachette Filipacchi Media, Middle East Broadcasting, National Instruments, News Interactive, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. State Employees Credit Union, Playboy Enterprises Inc., Quality Care Solutions Inc., Skipton Building Society The Skipton Building Society is the seventh largest mutual lending and savings organisation (known as a building society) in the United Kingdom.[1] The Society was established in 1853 in Skipton, North Yorkshire. The headquarters are still in Skipton. and Synovus. Vignette Releases Next-Generation Web Solution During the quarter, Vignette released its highly acclaimed Next-Generation Web solution. The latest version of Vignette Content Management features significant publishing enhancements, robust search functionality, world-class performance and scalability. Vignette's unique content contribution application also enables faster input and alteration of content. These software enhancements are helping organizations improve their online customer interactions and build stronger brand loyalty through dynamic delivery of personalized, persuasive content to multiple channels and devices. Alex Shootman to Lead Global Sales and Services Vignette announced Alex Shootman will join the company as senior vice president of Worldwide Sales and Services, effective October 20, 2006. Prior to joining Vignette, Shootman served as executive vice president of Worldwide Sales and Marketing at TeleTech and was responsible for all revenue-generating and market-facing activities at the global business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in company. Prior to TeleTech, Shootman held the position of vice president of Sales and Services for the Americas region at BMC (BMC Software, Inc., Houston, TX, www.bmc.com) A leading supplier of software that supports and improves the availability, performance, and recovery of applications in complex computing environments. . At BMC, Shootman was responsible for sales, pre-sales, professional services and customer support. Vignette Village Vignette Village, our annual user group conference, is being held October 23, 2006 in Austin, Texas. Village sponsors represent some of the world's most influential and important technology companies, including Hewlett-Packard, Sun Microsystems and Microsoft. Keynote speakers at this year's event include representatives of NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. and Wells Fargo. More than half of the nearly 100 Village sessions will be led by customers and partners, including Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , CNA (Certified NetWare Administrator) See Novell certification. Insurance, Internal Revenue Service, Kaiser Foundation Hospitals, and Mercedes-Benz USA. This event follows a successful Vignette Village in Sydney, Australia. Vignette Village EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. is scheduled for late November in Barcelona, Spain. Industry Recognition Vignette received recognition by a number of industry analysts for showing momentum in company direction, growth and product innovation. Vignette was also recognized for its strategy and vision in enterprise content management and was very pleased with its positioning in the recently published Gartner Magic Quadrant for Enterprise Content Management 2006. Additionally Vignette Content Management was recognized for its significant product enhancements and unique integration with Vignette Portal. Also of note was a very positive report by Ovum on the capabilities of the new Vignette Content Management release. 4Q 2006 Financial Outlook Vignette currently anticipates fourth quarter 2006 revenue to be between $48 million and $53 million. Fourth quarter 2006 GAAP net income is currently expected to be between $0.09 and $0.17 per share on a fully diluted basis. On a non-GAAP basis, excluding the charges detailed below in the 'Non-GAAP Financial Information' section, the company expects fourth quarter 2006 net income to be between $0.18 and $0.25 per share on a fully diluted basis. For a discussion of factors that could cause actual results to differ materially from these targets, see 'Forward-Looking Statements' below. Conference Call Details Vignette will host a conference call and live webcast regarding its third quarter financial results at 8:00 a.m. EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT on Thursday, October 19, 2006. To access the webcast, visit the Investor Relations Investor relations The process by which the corporation communicates with its investors. section of Vignette's website. If you are not able to access the live webcast, dial-in information is as follows: Dial-in number: 888-275-3515 Call title: Vignette Financial Results The webcast and conference call will be archived and available for replay from Thursday, October 19, 2006, at 9:00 a.m. EDT to Sunday, November 19, at 11:59 p.m. EST. The replay information is as follows: Toll-free number: 800-642-1687 International number: 706-645-9291 Access code: 3831567 Non-GAAP Financial Information Vignette believes non-GAAP financial information provides a more accurate representation of the company's financial performance and uses non-GAAP information internally to evaluate and manage the company's operations. The presentation of this additional information is not a substitute for results prepared in accordance with accounting principles generally accepted in the United States. About Vignette Corp. For more than 10 years, Vignette has helped organizations worldwide transform their content from a liability to an asset. Vignette's family of Enterprise Content Management solutions lets these organizations leverage their records, documents, Web pages, images, multimedia and other unstructured content to create new opportunities, expand profits, manage their risk and realize greater savings and efficiencies. Vignette is headquartered in Austin, Texas with local operations worldwide. Visit www.vignette.com. FORWARD-LOOKING STATEMENTS This release may contain forward-looking statements, which are made pursuant to the 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. provisions of 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. All forward-looking statements included in this document are based upon information available to Vignette as of the date hereof, and Vignette assumes no obligation to update any such forward-looking statement. Vignette and the V Logo are trademarks or registered trademarks of Vignette Corp. in the United States and other countries. All other names are the trademarks or registered trademarks of their respective companies. The Magic Quadrant for Enterprise Content Management, 2006 is copyrighted October 11, 2006 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability mer·chant·a·ble adj. Suitable for buying and selling; marketable. mer  chant·a·bil or fitness
for a particular purpose.
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