Hyperion Reports Fiscal First-Quarter Results

Thursday 23 October 2003 07:54 CET | News

Hyperion has reported financial results for its fiscal first quarter ended September 30, 2003. Total revenues for the quarter increased three percent to $123.6 million, compared to $119.9 million for the same period a year ago.

Software license revenue was $43.0 million, compared to $44.6 million for the same period a year ago, while maintenance and services revenue totaled $80.5 million, compared to $75.3 million in the year-ago period. The company reported net income for the quarter of $9.7 million, or $0.26 per diluted share, compared to net income of $9.1 million, or $0.27 per diluted share, for the first quarter of fiscal 2003. Hyperions balance sheet reflects cash and short-term investments totaling $408.5 million at September 30, 2003. This compares to $416.6 million in cash and short-term investments at June 30, 2003. Cash flow from operations for the quarter was $14.7 million. Stock repurchases totaled $26.0 million. Other Recent Developments - Won major customer contracts at District of Columbia, Ecolab, Hyatt Corporation, Invensys (UK), La Poste (France), LaSer (France), Mutuelles du Mans Assurances (France), QinetiQ (UK), Sealy Corporation, Southwest Bank of Texas, Tomkins plc (UK), and VNU N.V. (Netherlands); - Tripled the number of live references for Hyperion Financial Management over one year ago; - Advanced our leading position in the Visionary quadrant for Corporate Performance Management (which Hyperion calls Business Performance Management), according to a just-released report by industry analyst firm Gartner, Inc. Vendors were evaluated on completeness of vision and ability to execute; - Introduced Hyperion Strategic Finance 3.0, which now enables finance executives to more effectively model and predict financing costs under alternative strategic scenarios. The company continues to see strong market acceptance of this product, as evidenced by its sequential revenue growth in what is traditionally a down quarter; and - Launched major awareness-building marketing initiatives, including a Wall Street Journal print advertising campaign, which will feature 12 full-page ads and will reach more than four million readers around the world. Hyperion is also hosting joint seminars on corporate compliance in six U.S. cities with former SEC Chairman Arthur Levitt, drawing hundreds of attendees; and, along with Business Finance Magazine, co-sponsored the industry?s first BPM conference.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce