Marimba announces preliminary second-quarter financial results Tuesday 10 July 2001 PDF Print Expected quarterly revenue of $12.2 million up 11% over prior quarter Marimba, Inc., a leading provider of systems management solutions built for e-business, today announced preliminary expectations of financial results for its second quarter ended June 30, 2001. For the second quarter, revenues are expected to be approximately $12.2 million, up 11% from the prior quarter. Pro forma diluted net loss per share is expected to be in the range of 9 to 11 cents, excluding a non-cash charge of $527,000 for deferred stock compensation and a restructuring charge of $789,000 related to its workforce reduction and other cost cutting initiatives announced in April 2001. Including these charges, diluted net loss per share for the second quarter is expected to be in the range of 15 to 17 cents. Commenting on Marimba's second quarter performance, Rich Wyckoff, president and chief executive officer, said, "We are pleased with our preliminary revenue results, especially given the difficult global economic environment. I believe strongly in the growth prospects of the company, and feel we are well positioned for the future." The expected financial results for Marimba's second quarter contained in this announcement are preliminary, based on the information currently available to Marimba, and subject to the closing of its financial books and customary quarterly review procedures with its independent auditors. Marimba plans to announce its final financial results for the second quarter on July 23, 2001 at approximately 1:00pm PT (4:00pm ET). Marimba plans to conduct a teleconference on July 23, 2001 beginning at 1:45pm PT (4:45pm ET) to discuss its final financial results for the second quarter. Anyone wishing to participate may do so by calling +1 913-981-5582 approximately 10 minutes prior to the start of the call. This teleconference will be Webcast live and archived for one week at http://www.marimba.com/investor/conference_call.html. In addition, a telephone replay will be available for one week at +1 719 457 0820, pass code #704905. In a separate press release issued today, Marimba also announced, "Marimba Names Rich Wyckoff as President and Chief Executive Officer." See news release dated 9 July 2001. 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 http://www.marimba.com. This press release contains forward-looking information 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 expected financial results for the second quarter 2001, the general economic environment and Marimba's growth prospects and positioning. 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 growing the company, Marimba's need to retain key personnel, Marimba's dependence on the success of its desktop/mobile management and server management product families and its planned performance management product family, competition from other vendors, Marimba's need to increase third-party distribution and other reseller 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 financial results indicated in this announcement are preliminary estimates only. The final financial results that will be reported by Marimba for the second quarter 2001 are subject to further review of the revenue recognised and expenses incurred in the quarter for consistency with Marimba's accounting policies and GAAP. These final financial results may not fall within the ranges indicated above and could differ materially. 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 of Marimba, Inc. in the U.S. and/or certain other countries. All other product, trademark, company or service names mentioned herein are the property of their respective owners. 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