Printer Friendly

Hyperion Software Reports Record Third Quarter Results.

STAMFORD, Conn.--(BUSINESS WIRE)--April 21, 1998--

Announces Strategic Alliances with J.D. Edwards, CODA and Oberon

Hyperion Software (NASDAQ: HYSW) today reported revenues of $67.4 million and net income of $3.6 million, or $.18 per share, for its third quarter ended March 31, 1998. Revenues rose 33 percent from $50.5 million for the same period of the prior year. Net income rose over 170 percent from $1.3 million, or $.07 per share, for the third quarter of fiscal 1997. License sales of Hyperions budgeting product line increased 104 percent.

Revenues for the first nine months of fiscal 1998 were $197.5 million and net income was $11.4 million, or $.58 per share. Revenues and net income increased 32 percent and 91 percent, respectively, from $149.2 million and $6 million, or $.33 per share, for the corresponding period ended March 31, 1997. Hyperion generated cash of $36.4 million from operating activities and its software sales grew 33 percent for the nine months. Led by strong licensing growth of the companys financial management, budgeting and business analysis products, year-to-date total revenues in the United States rose 33 percent, while international revenues grew 31 percent.

Hyperion has now reported 20 consecutive quarters of profitability. Each quarter has reflected year-over-year revenue growth.

Hyperions clients, which represent a significant percentage of the worlds largest corporations, often operate with a diverse and fragmented set of transaction systems, said Jim Perakis, chairman and CEO of Hyperion. New ERP implementations increase complexity as companies seek to drive business change. Hyperion provides the analytic and information access capabilities that are critical for planning, forecasting, and the development of business strategies.

Approximately 2,200 business, finance and IT professionals are participating in Interact '98, Hyperion's 14th Annual North American User Conference, learning how Hyperion solutions can improve their business performance. The three-day conference, themed Maximum Access, includes 300 technical and product breakout sessions, and the participation of 13 of Hyperions business partners.

As announced yesterday, Hyperion is extending its strategy of working together with leading transactional and enterprise resource planning (ERP) vendors. New alliances with J.D. Edwards, CODA and Oberon complement Hyperion's ongoing partnerships with such companies as Baan and Mincom to provide a broadening range of customers the ability to readily access and analyze the important, underlying details of their businesses.

Hyperion and J.D. Edwards signed a worldwide strategic alliance to integrate Hyperions analytic applications and J.D. Edwards ERP solutions. The alliance also leverages the sales, services and marketing activities of both companies. These activities will include joint sales efforts, Hyperion training for J.D. Edwards field staff, and promotion of the certified interfaces and synergy between the companies solutions. J.D. Edwards will also participate in the Hyperion Alliance Network Referral Program, introducing qualified prospects to the Hyperion sales force. Hyperion will market its products to the J.D. Edwards customer base.

Hyperion also announced a relationship with CODA, a provider of global enterprise accounting systems, which parallels the reseller agreement between Baan and Hyperion. CODA will offer Hyperions analytic applications, including Hyperion Enterprise, Hyperion Pillar and Hyperion MBA, with Hyperion providing training and support for the CODA sales force. In conjunction with the Hyperion-CODA alliance, the existing Hyperion-Baan joint development team will lead the development of a tight integration between the Hyperion and CODA solutions, as well as focus on continued integration between the Hyperion and Baan solutions.

An alliance with Oberon Software was also announced on Monday. Oberon is the leader in a new category of applications called Enterprise Application Integration (EAI) solutions. The relationship with Oberon will enable Hyperion to readily integrate its analytic applications with leading ERP solutions, including those offered by J.D. Edwards and SAP.

Hyperion is featured in a white paper recently published by International Data Corporation (IDC) entitled, Unlocking Better Business Understanding: Hyperion's Analytic Applications. In the paper, IDC lists Hyperion as "the world's leading provider of financially related analytic applications." IDC estimates that the analytic applications market will grow beyond $2.6 billion by 2001.

About Hyperion Software

Hyperion Software Corporation provides software solutions for better business understanding and improved financial performance. Hyperion's Internet-enabled applications support and enhance enterprise-wide processes including planning, budgeting, forecasting, consolidation and business analysis. With $254 million in revenues for the calendar year ended December 1997, the company's solutions are in use by more than 3,300 organizations worldwide. Hyperion's customer base includes more than 50 percent of the Fortune 500 and 40 percent of the Financial Times European Top 100. The company is ranked first worldwide in budgeting software revenue by International Data Corporation and first in financial OLAP applications by The OLAP Report. The company is headquartered in Stamford, Connecticut, and has more than 1,300 employees worldwide. Additional information is available online at http://www.hyperion.com, or at (800) 286-8000. -0-

This press release contains statements that are forward looking. These statements are based on current expectations that are subject to risks and uncertainties. Actual results will vary because of factors such as product ship schedules, life cycles, terms and conditions, product mix, competitive products and pricing, customer demand, technological shifts, difficulties in implementing alliances and other issues discussed in the company's filings with the Securities and Exchange Commission. -0-

 Hyperion Software Corporation
 Consolidated Financial Data
 (In thousands, except per share data)

 Third Quarter Nine Months
 Ended Ended
 March 31, March 31,
 1998 1997 1998 1997

Statement of Income Data:

Software license revenues $30,278 $24,038 $93,395 $70,316
License renewals &
 service revenues 37,109 26,485 104,126 78,890
Total revenues 67,387 50,523 197,521 149,206
Cost of revenues 23,798 19,217 68,966 53,419
Sales & marketing expenses 22,432 17,037 64,489 49,435
Product development expenses 9,379 7,702 26,909 23,605
General & administrative
 expenses 6,894 4,821 21,140 14,030
Net income 3,614 1,315 11,438 5,992
Diluted earnings per share .18 .07 .58 .33

R&D Spending $10,169 $8,817 $29,074 $26,887


 March 31, June 30,
 1998 1997
Balance Sheet Data:
Cash & cash equivalents $ 93,817 $ 67,05
Accounts receivable, net 71,263 64,831
Working capital 65,391 42,236
Total assets 255,184 218,639
Deferred revenue 51,250 44,619
Mortgage payable 7,454 7,823
Stockholders equity 137,866 113,037





(C) 1998 Hyperion Software Operations Inc. All rights reserved. Hyperion, Hyperion Software, the Hyperion Software Logo, Hyperion Admin, Hyperion Analyst, Hyperion Assets, Hyperion Financials, Hyperion Forms, Hyperion Ledger, Hyperion OLAP, Hyperion OnTrack, Hyperion Payables, Hyperion Pillar, Hyperion Receivables, Hyperion Reporting, Hyperion Retrieve, Hyperion Tools, Business Intelligence, Financial Intelligence, IMRS, LedgerLink, Micro Control and Pillar are registered trademarks and Hyperion Analytical Ledger, Hyperion Enterprise, Hyperion Purchasing, HyperionReady, Build&Link, Business Analytics and Listen to your business are trademarks of Hyperion Software Operations Inc., a wholly-owned subsidiary of Hyperion Software Corporation. MARVEL COMICS, SPIDER-MAN:TM & (C)1998 Marvel Characters, Inc. All rights reserved. All other trademarks and company names mentioned are the property of their respective owners.

For further information, refer to the Hyperion Software Corporation annual report on Form 10-K for the year ended June 30, 1997.

CONTACT: Hyperion Software Corporation

Lucy Ricciardi, 203/703-3705

Lisa Williams, 203/703-3415
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 21, 1998
Words:1217
Previous Article:Dendrite Reports Record First Quarter Results and Raises Full Year Profit Goal.
Next Article:Omtool, Ltd. Announces Record First Quarter Results.
Topics:


Related Articles
HYPERION SOFTWARE POSTS RECORD NINE-MONTH RESULTS; Revenues and Earnings Exceed Expectations for Third Quarter.
Hyperion Software reports record year; corporate demand for better access to financial information drives results.
HYPERION SOFTWARE INDICATES EXPECTATIONS FOR THIRD QUARTER.
Hyperion Software confirms third quarter expectations.
Hyperion Software reports strong revenue growth and profitability in its first quarter.
Hyperion Software Reports Second Quarter Results; Company Posts Strong Revenue and Earnings Growth for its Quarter and First Half.
Hyperion Software Posts Strong Third Quarter Performance.
Hyperion Software Reports Record Fourth Quarter Revenues; Earnings Rose 59% Before Nonrecurring Charges.
Hyperion Software Licenses Financial Management and Planning Solution to Alltel Corp.
Buyers guide.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters