WEBMETHODS ANNOUNCES PRELIMINARY FOURTH QUARTER RESULTS
Quarterly Revenues Increase 165% Year Over Year and 3% Sequentially; Earnings Per Share Expected to be Break Even to a Loss of $0.03 per share
FAIRFAX, Va. -- April 04, 2001 -- webMethods, Inc. (Nasdaq: WEBM), the leading provider of integration software solutions, today announced preliminary results for the fourth fiscal quarter ended March 31, 2001. webMethods expects to report quarterly revenues in the range of $60 million to $62 million, and annual revenues of $200 million to $202 million. These quarterly figures represent a year over year increase of approximately 165% and a sequential increase of approximately 3%. Based on these revenues, the company expects to report earnings of break even to a loss of $0.03 per share, excluding acquisition and non-cash charges related to amortization of deferred stock compensation, goodwill and acquired intangibles, and write-off of in-process research and development.
"Despite recent challenges facing the U.S. economy, webMethods continued to win market share and increased revenues quarter to quarter," said Phillip Merrick, chairman and CEO of webMethods. "We continue to see healthy demand from Global 2000 companies that consider both internal integration and B2B integration critical to maintaining a competitive advantage in these challenging economic times. However, we will need to reassess our revenue guidance and further monitor our cost structure given that our customers, in a number of cases, are deferring IT spending decisions."
Conference Call Information webMethods will host a conference call to further discuss these preliminary results at 8:30 a.m. on Thursday April 5, 2001. The conference call will be available via webcast at http://ir.webmethods.com or via dial-in at 800-967-7135 for U.S. participants and at 719-457-2626 for international callers. A replay of the call will be available until midnight on April 6, 2001 at 888-203-1112 or via the web through April 13, 2001 at http://ir.webmethods.com. Confirmation code for the replay is 443682. Final quarterly and year-end results will be released on April 25, 2001.
About webMethods, Inc. webMethods, Inc. (Nasdaq:WEBM) is the leading provider of integration software solutions for Global 2000 corporations, major B2B exchanges and leading software application vendors. The webMethods integration platform allows customers to achieve quantifiable R.O.I. by linking business processes, enterprise and legacy applications, databases and workflows both within and across enterprises. By deploying the webMethods integration platform, customers reduce costs, create new revenue opportunities, strengthen relationships with customers, substantially increase supply chain efficiencies and streamline internal business processes.
Founded in 1996, webMethods is headquartered in Fairfax, Va., with offices throughout the U.S., Europe and Asia Pacific. webMethods has more than 550 customers worldwide-from Global 2000 leaders such as Citibank, Dell, Eastman Chemical, The Ford Motor Company, Grainger, Motorola and Starbucks to major industry-backed exchanges like ForestExpress, eHITEX/Converge and PetroCosm. webMethods` strategic partners include Ariba, BroadVision, Commerce One, Deloitte Consulting, EDS, i2 Technologies, J.D. Edwards, KPMG Consulting, Microsoft, Oracle Corp., SAP AG and Siebel Systems. More information about the company can be found at www.webMethods.com.
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webMethods and webMethods B2B are trademarks of webMethods, Inc. All other company and product names are property of their respective owners.
This press release contains various remarks about the future expectations, plans and prospects of webMethods that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. The actual results of webMethods may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Risk Factors section of webMethods` recent Form 10-Q for the quarter ended September 30, 2000, as amended, which is on file with the Securities and Exchange Commission.
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