SAN MATEO, Calif. - April 1, 2002 - E.piphany, Inc. (Nasdaq:EPNY) today announced preliminary results for the quarter ended March 31, 2002. Revenue for the quarter will be below current expectations, primarily due to not recognizing revenue from a previously announced transaction that was forecasted to be recognized during the first quarter. Based on preliminary information, revenues for the quarter are expected to be approximately $22.0 million, and net loss for the quarter excluding the amortization of goodwill, stock-based compensation and restructuring charges is not expected to exceed $(0.20) per share.
Roger Siboni, CEO of E.piphany, said, "Last quarter, we announced that we signed the largest transaction in our history. During the quarter, this customer informed us that it is reevaluating its CRM requirements. While we have several options available to us, in light of the fact that this customer is a strategic partner and continues to be a large and referenceable user of our products, at the present time we will continue to work with them in their evaluation. As a result, we did not recognize any of the revenue from that transaction in the first quarter as previously anticipated."
E.piphany will host a conference call today to discuss the preliminary results. The call will begin at 5:30 p.m. eastern time, and can be accessed by dialing domestically 800-611-1148 or internationally 612-332-0107. There will be a live webcast of the call available at the company`s website at http://ir.epiphany.com. A replay will be available via webcast on the investor relations section of the company`s website, or by calling domestically 800-475-6701 or internationally 320-365-3844 and referencing call #634168. E.piphany`s regularly scheduled earnings call will take place on Thursday, April 18 after the market closes.
About E.piphany
E.piphany provides Smart CRM™ solutions for the largest global enterprises. The company`s integrated CRM suite, E.piphany E.6, is driven by real-time intelligence to enable global businesses to better understand their customers and take the optimal action to improve customer satisfaction, increase revenue and reduce costs. E.piphany`s Smart CRM system is built on the industry`s most advanced, Web-based, CRM platform, resulting in fast and easy deployment and adoption. Leading companies, including more than 35% of the Fortune 100, use E.piphany products to enhance their customers` experience, enable organizational effectiveness and drive value. With worldwide headquarters in San Mateo, California, E.piphany has regional operations and offices throughout North America, Asia Pacific, Europe, Japan and Latin America.
This press release contains forward-looking statements relating to future revenue, net loss, customer relationships and recognition of revenue. Actual results could differ materially from such forward-looking statements. Factors that could cause actual results to differ materially from the forward-looking statements include customers` individual purchasing decisions, delays in the development and release of new US and international versions of E.piphany`s products, increases in E.piphany`s sales cycles, intense competition including the introduction of new products and services by competitors, our ability to hire and retain qualified personnel, and worsening general economic conditions. These factors and others are described in more detail in the Company`s public reports filed with the Securities and Exchange Commission, such as those discussed in the "Risk Factors" section included in the Company`s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and in the Company`s prior press releases. E.piphany assumes no duty to update any statements made in this press release.
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E.piphany, E.6, Smart CRM and the E.piphany logo are trademarks of E.piphany, Inc.
Investor Relations Contact:
Todd Friedman, E.piphany, 650.356.3934, tfriedman@epiphany.com
Press Contact:
Heather McLellan, E.piphany, 650.356.3863, hmclellan@epiphany.com
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