MARIMBA ANNOUNCES FIRST-QUARTER RESULTS Friday 20 April 2001 PDF Print Pro Forma Diluted Loss Per Share of $0.18 on $11.0 Million in Total Revenues Marimba, Inc., a leading provider of systems management solutions built for e-business, today announced financial results for the first quarter ended 31 March 2001. These results are consistent with the preliminary first-quarter results the company announced on 11 April 2001. First-quarter revenues were $11.0 million, up 4 percent from $10.6 million for the same period last year. Excluding $592,000 of amortisation expense for deferred stock compensation, diluted net loss for the first quarter of 2001 would have been $4.2 million, or a loss of 18 cents per share. Excluding $336,000 of amortisation expense, diluted net loss per share for the first quarter of 2000 would have been $323,000, or a loss of 1 cent per share. Including amortisation expense, net loss for the first quarter of 2001 was $4.8 million, or a diluted net loss of 20 cents per share, compared with a net loss of $659,000, or a diluted net loss of 3 cents per share, for the same period a year earlier. "We are maintaining our strategic investments in new product development to support our long-term commitment to the systems management market. We believe that this market will weather the current slowdown in IT purchasing to emerge even stronger, and we view our products as essential to its long-term growth," said John Olsen, president and chief executive officer of Marimba. "At the same time, as we indicated in our earlier announcement on April 11th, we are prudently managing costs and expenses in line with anticipated revenues in a difficult economic environment." About Marimba Headquartered in Mountain View, Calif., Marimba, Inc. (Nasdaq: MRBA) provides systems management solutions built for e-business. From change management to performance management software, Marimba's extensive Internet expertise allows Global 2000 companies to better manage their resources, increase efficiency and reduce costs. For more information, please call +44 118 949 7060 , or visit our web site at www.marimba.com. This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by these sections. These forward-looking statements include statements regarding Marimba's continued investments in new product development, the growth and strength of the systems management market, Marimba's role in the long-term growth of the systems management market, a slowdown in IT spending, and Marimba's management of its costs and expenses. The results expected by the forward-looking statements in this announcement are subject to a number of risks and uncertainties, including: the ability of Marimba to effectively manage its costs against uncertain revenue expectations, the potential for a decrease in net revenue which may be caused by delays in the timing of sales and the delivery of products or services, fluctuations in customer demand, challenges associated with expanding Marimba's sales reach and growing the company, Marimba's need to retain and hire key personnel, Marimba's dependence on the success of its existing products and the market acceptance of its planned new products, competition from other vendors, Marimba's need to increase third-party distribution and other reseller and channel relationships, the operational, technical and strategic challenges Marimba faces in developing new products (which may affect its ability to release new products on schedule and the degree to which the products are accepted by customers), and general economic, technological and market conditions, which could affect the level of demand for systems management solutions in general and Marimba's products in particular. Actual results may differ materially from the results anticipated by these forward-looking statements due to the factors listed above and other factors. The matters discussed in this announcement also involve risks and uncertainties described from time to time in Marimba's filings with the Securities and Exchange Commission (SEC). In particular, see the Risk Factors described in Marimba's most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each as submitted to the SEC and as may be updated or amended with future filings or submissions. Marimba undertakes no obligation to release publicly any updates or revisions to any forward-looking statements contained in this announcement that may reflect events or circumstances occurring after the date of this announcement. -ends- Marimba is a registered trademark, and Systems Management Built for e-business is a trademark, of Marimba, Inc. in the U.S. and/or certain other countries. Other product, trademark, company or service names mentioned herein are the property of their respective owners. Victoria Bartolome AxiCom UK Direct: +44 (0)20 8600 4659 Email: firstname.lastname@example.org Cambridge House, Cambridge Grove, London W6 0LE T: +44 (0)20 8600 4600 F: +44 (0)20 8600 4620 This press release was distributed by ResponseSource Press Release Wire on behalf of AxiCom in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.