E.PIPHANY ANNOUNCES FOURTH QUARTER RESULTS
Customer wins include Caterpillar, Cigna, Harley-Davidson, Nestle, Unilever and Vivendi
SAN MATEO, Calif. - January 24, 2002 - E.piphany, Inc. (Nasdaq:EPNY) today announced results for the quarter ended December 31, 2001.
For the quarter ended December 31, 2001, the company reported revenues of $28.0 million, compared to revenues of $49.2 million in the fourth quarter of 2000. Fourth quarter license revenues were $16.2 million and service revenues were $11.8 million, representing 58% and 42% of total revenues, respectively. Excluding the amortization of goodwill, stock-based compensation and restructuring charges, net loss for the quarter was $8.9 million, or $(0.13) per share, compared to a net loss of $5.2 million, or $(0.08) per share during the fourth quarter of 2000. Including the amortization of goodwill, stock-based compensation and restructuring charges, net loss for the quarter was $36.8 million, or $(0.53) per share.
For the full year, E.piphany reported total revenues of $125.7 million, roughly flat with revenues of $127.3 million in 2000. The net loss excluding the amortization and write-down of goodwill, stock-based compensation and restructuring charges for 2001 was $67.7 million, or $(0.99) per share, compared to a net loss excluding the amortization of goodwill and stock-based compensation for 2000 of $20.9 million, or $(0.37) per share. The net loss including the amortization and write-down of goodwill, stock-based compensation and restructuring charges for 2001 was $2.6 billion, or $(38.25) per share.
"E.piphany closed 2001 with excellent momentum across our entire application suite," said Roger Siboni, president and chief executive officer. "We were particularly pleased with the number and quality of our new customers, including Banco Bital, Caterpillar, Cigna, Cingular Wireless, Harley Davidson, Japan Airlines, Nestle, Tektronix, Unilever and Vivendi. We also had good success with existing customers, such as Cisco, Halifax Bank and MGM Mirage. Moreover, even though we once again signed the largest transaction in our history during the quarter, no single customer comprised more than 10% of our revenue."
Kevin Yeaman, chief financial officer, added, "Our balance sheet remains solid with more than $320 million in cash and DSO of 45 days. In the fourth quarter, we again sequentially raised service margins and lowered our total operating costs."
This press release contains forward-looking statements relating to momentum across E.piphany`s product suite and the strength of its balance sheet. 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 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 forward-looking statements
###
About E.piphany
E.piphany is a leading provider of next-generation customer relationship management software for the Customer Economy. By providing an integrated suite of software solutions, the E.piphany E.5™ solution blends web-based analytic and operational CRM to unify all inbound and outbound marketing, sales and service customer interactions. E.piphany E.5 enables a single, enterprise-wide view of each customer to help global businesses better understand and proactively serve customers in real time. With worldwide headquarters in San Mateo, California, E.piphany has regional operations and offices throughout North America, Europe and Asia Pacific.
###
E.piphany, E.5 and the E.piphany logo are trademarks of E.piphany, Inc. All other trademarks are the property of their respective owners.
Investor Relations Contact:
Todd Friedman, E.piphany, 650.356.3934, tfriedman@epiphany.com
Public Relations Contacts:
Heather McLellan, E.piphany, 650.356.3863, hmclellan@epiphany.com
Back...
