Customer wins include Chase, GMAC, Lorillard, Mass Mutual, Morgan Stanley and Sanwa Bank.
SAN MATEO, Calif. - July 19, 2001 - E.piphany, Inc. (Nasdaq:EPNY) today announced revenues for the quarter ended June 30, 2001, consistent with its preliminary report on July 2, 2001.
For the quarter ended June 30, 2001, the company reported revenues of $31.1 million, representing an increase of 27% over revenues of $24.5 million in the second quarter of 2000. Second quarter license revenues were $16.3 million and service revenues were $14.8 million, representing 52% and 48% of total revenues, respectively. Excluding the amortization of goodwill and stock-based compensation, net loss for the quarter was $19.1 million, or $(0.28) per share, compared to a net loss of $4.1 million, or $(0.08) per share during the second quarter of 2000. Including the amortization of goodwill and stock-based compensation, net loss for the second quarter of 2001 was $294.0 million, or $(4.30) per share.
"While customers continue to actively evaluate CRM purchases, creating a strong pipeline, the buying process remains deliberate, resulting in longer sales cycles," said Roger Siboni, president and chief executive officer. "During the quarter, we added more blue chip customers both domestically and internationally, including Banco Bradesco, Chase Home Financial, Coach, GMAC, Lorillard, Mass Mutual, Morgan Stanley, Sanwa Bank and TrendWest Resorts."
Kevin Yeaman, chief financial officer, added, "Our balance sheet remains solid with approximately $350 million in cash and DSO`s of 65 days. In the second quarter, we brought service margins to profitability and reduced total costs and expenses by approximately 15%. In the third quarter, our focus is on sales productivity and cost management."
About E.piphany
E.piphany is a leading provider of enterprise 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.
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E.piphany 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 Contact:
Heather McLellan, E.piphany, 650.356.3863,
hmclellan@epiphany.com
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