Printer Friendly

Hyperion Software reports record year; corporate demand for better access to financial information drives results.

STAMFORD, Conn.--(BUSINESS WIRE)--July 20, 1995 Hyperion(R). Software (NASDAQ: HYSW) reported today consolidated revenues of $50,676,000 and net income of $6,860,000, or $.78 per share, for its fourth quarter ended June 30, 1995. Revenues rose 42% from $35,616,000 for the same period of fiscal 1994. Net income rose 36% from $5,034,000 ($.60 per share) for the fourth quarter of fiscal 1994.

Revenues for fiscal year 1995 were $137,141,000 and net income was $12,139,000, or $1.39 per share. Revenues and net income increased 45% and 41%, respectively, from $94,262,000 and $8,609,000 ($1.04 per share) for the prior year ended June 30, 1994.

Software license revenues increased 47% for the quarter and 51% for the year. Revenues recognized in the quarter for Hyperion Financials were $506,000. Continued strength in the financial reporting and planning business is evidenced by an increased number of multi-product, multi-site contracts worldwide. For the year, $38,471,000 of Hyperion s total revenues were generated from markets outside of the U.S., up 71% over the prior year. Hyperion currently has operations in 25 countries with software installed at more than 2,300 corporate headquarters.

"What we see happening in the market for client/server financials is the corporate need for management information driving buying decisions. Companies want better information they want it faster, and they want it easily accessed by end users. That's the business we pioneered over ten years ago; it continues to drive sales in our Enterprise and Pillar product lines, and it's giving us a competitive advantage as we introduce Hyperion Financials," explained James A. Perakis, President and CEO.

Hyperion continues to expand its R&D activities. Product development expenses of $20,980,000 were up 64% over development expenses of the prior year, primarily reflecting stepped-up investment in the company's suite of client/server accounting products, Hyperion Financials. In addition, the company has continued an aggressive schedule of enhancing and expanding its information management product set, including Hyperion Enterprise, Hyperion Pillar (version 2.0 released in June), Hyperion OnTrack and Micro Control (version 4.0 released in March).

Earlier this week, the company announced Hyperion Analyst. This new product will provide multi-dimensional, on-line analysis capabilities that are tailored to the specialized requirements of working with financial and accounting data. Hyperion Analyst, working with Hyperion Enterprise and Financials, marks another step in the company's product integration plans and delivers a powerful information management capability.

During the second quarter of this year, Hyperion completed its acquisition of California-based Pillar Corporation, a leading provider of corporate budgeting and planning software. The transaction was accounted for as a "pooling of interests"; consequently, all of the company's prior period results have been restated to include Pillar s financial results. Prior to the merger, Pillar had generated revenues of approximately $10 million for its year ended September 30, 1994. Post merger results for Pillar exceeded company expectations.

The addition of Pillar extends Hyperion Software's unique suite of Windows client/server capabilities for corporate financial software applications: Hyperion Enterprise for enterprise financial management, Hyperion Pillar for budgeting and financial planning, and Hyperion Financials for corporate accounting.

Effective July 1st, the company's sales force was reorganized, moving from product specialization to a total financial solution approach. Salespeople now offer multiple product lines consistent with market demand for an integrated financial solution.

Three additional successes during the year furthered the company's expansion strategy. They included: the opening of offices in The Netherlands, Singapore and Austria, the addition of KPMG Peat Marwick LLP to the company's Enterprise Partner Program, and winning the Inc./MCI Positive Performer's 1995 National Award for customer service.

Hyperion Software, with $137 million in sales for fiscal 1995, develops, markets and supports financial management software for large, multinational corporations. The company's client/server-based product suite includes a wide spectrum of accounting, management reporting, financial consolidation, budgeting and information access software. Hyperion is ranked third in the client/server accounting market by IDC, a leading market research firm in Framingham, Massachusetts. Hyperion Software is headquartered in Stamford, Connecticut.

Hyperion Software common stock trades on The Nasdaq Stock Market under the symbol HYSW. -0-
 Hyperion Software
 Consolidated Financial Data
 (In thousands, except per share data)


 Quarter Ended Year Ended
 June 30, June 30,
 1995 1994(a) 1995 1994(a)


Statement of Income Data:
Revenues $50,676 $35,616 $137,141 $94,262


Net Income $6,860 $5,034 $12,139(b) $8,609


Earnings Per Share $.78 $.60 $1.39(b) $1.04


R&D Spending $7,794 $5,290 $26,187 $16,776
-0-


 June 30,
 1995 1994(a)
Balance Sheet Data:


Cash and Cash Equivalents $45,494 $37,913


Working Capital $37,306 $34,829


Total Assets $146,158 $94,715


Mortgage Payable $8,910 -


Stockholders Equity $ 71,706 $53,661


(a) Restated (under pooling of interests reporting) to include
 Pillar Corporation's results for the quarter and year ended
 June 30, 1994 as derived from its full year ended September 30,
 1994 financial statements. Balance sheet data includes Pillar
 information as of September 30, 1994.


(b) Includes merger and integration charges relating to the
 acquisition of Pillar Corporation, which had the effect of
 reducing net income by approximately $1,000 or $ .11 per share.


Hyperion is a registered trademark and Hyperion Financials, Hyperion Enterprise, Hyperion Reporting, Hyperion Forms, Hyperion OnTrack, Hyperion Ledger, Hyperion Payables, Hyperion Admin, Hyperion Tools, Hyperion Purchasing, Hyperion Receivables, Hyperion Assets and LedgerLink are trademarks of Hyperion Software Corporation. FYPlan is a registered trademark and FYControl is a trademark of Pillar Corporation, a wholly-owned subsidiary of Hyperion Software Corporation. All other trademarks and company names mentioned are the property of their respective owners

CONTACT: Hyperion Software

Lucy R. Ricciardi or Michael A. Manto, 203/321-3889
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 20, 1995
Words:970
Previous Article:Firefox reports record results.
Next Article:Versa/Tek increases dividend.
Topics:


Related Articles
IMRS REPORTS STRONG SECOND QUARTER RESULTS Revenues For The Trailing 12 Months Total $113 Million.
HYPERION SOFTWARE POSTS RECORD NINE-MONTH RESULTS; Revenues and Earnings Exceed Expectations for Third Quarter.
HYPERION SOFTWARE PRODUCT SUCCESSES, TECHNOLOGY ADVANCES PRESIDE AT USER CONFERENCE; 1,500 ATTENDEES, 700 COMPANIES PARTICIPATE; Customers, Analysts...
HYPERION SOFTWARE "INTELLIGENCE" FEEDING DATA WAREHOUSE STRATEGIES; ADDS POWERFUL, NEW MULTI-DIMENSIONAL ANALYSIS CAPABILITIES Open Strategy Enables...
Hyperion Software reports continued strong revenue growth and profitability in its first quarter.
Hyperion Software Reports Record Fourth Quarter Revenues; Earnings Rose 59% Before Nonrecurring Charges.
Hyperion Software Posts Record First Quarter Revenues and Earnings.
Hyperion Software Reports Record Third Quarter Results.
Billabong Catches BPM Wave With Hyperion System 9 Financial Management.
Banking Institutions Around the World Trust Hyperion to Meet Business Performance and Financial Management Reporting Requirements.

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