HYPERION REPORTS FISCAL THIRD QUARTER RESULTS
For Immediate Release
Tel: (020) 8762 9292
HYPERION REPORTS FISCAL THIRD QUARTER RESULTS
… Sequential License Revenue Growth Drives Continued Profitability …
SUNNYVALE, Calif., April 19, 2002 – Hyperion (Nasdaq: HYSL), a global
leader in business performance management software, today announced
financial results for its fiscal third quarter ended March 31, 2002.
Total revenues for the quarter were 0.0 million, compared to 2.7
million for the same quarter a year ago. Software license revenue totalled
.0 million, compared to .1 million for the same period a year ago,
while maintenance and services revenue totaled .0 million, compared to
.6 million in the same period a year ago.
The company reported net income of .1 million or .09 per share for the
quarter, which includes the positive effect of recording a .4 million or
.01 per share credit related to the company's restructuring charge taken
in June 2001. These results compare to a loss of .3 million or .04 per
share for the third quarter of fiscal 2001.
"We are pleased to report our fourth consecutive quarter of solid results,
produced in a very difficult environment," said Jeff Rodek, Hyperion's
chairman and chief executive officer. "Although the downturn of the past
year had a direct negative impact on information technology investments,
we are pleased that we grew license revenue 8% sequentially in a quarter
that is generally down. Also we continue to see an increase in the number
of deals over a half million dollars as customers deploy enterprise-wide
business performance management solutions. Hyperion Planning, our
Web-based planning and budgeting application, showed solid revenue growth
and we now have an impressive list of referenceable customers. We
generated million in cash flow from operations and have a strong cash
balance of 3 million."
Other Recent Developments
Significant developments during the third quarter included:
- Major customer wins at Albertson's, Arizona Department of Administration
Services, Ascension Health, Atos Origin, Canada Life, Heidrick & Struggles
International, Inc., Mattel, SchlumbergerSema, and WellPoint Health
- The appointment of Nazhin Zarghamee as chief marketing officer. Ms.
Zarghamee brings more than 15 years of experience in enterprise software
marketing and development for leading information technology companies,
including Documentum and Oracle.
- Enhancements released to improve performance of several products
including Hyperion Financial Management, the company's Web-based
enterprise-scale financial management and reporting application; Hyperion
Planning; Hyperion Essbase, the key analytic technology in
the company's business intelligence platform; and Hyperion Performance
Scorecard, a Balanced Scorecard Collaborative-certified application that
assists organizations measure and monitor business performance.
Hyperion, a global leader in business performance management software,
creates solutions that help businesses measure performance and drive
profitability. Its flagship product, Hyperion Essbase, as well as its
financial and business performance management and eCRM analysis solutions
are used by more than 6,000 companies around the world. Hyperion has a
network of more than 400 strategic partners to provide innovative business
intelligence solutions, specialised applications and services.
Headquartered in Sunnyvale, California, Hyperion reported annual revenues
in fiscal 2001 of more than 0 million. The company has more than 2,300
employees in 20 countries and is also represented in 16 other countries
through distributor relationships. For more information, please visit
www.hyperion.com/UK, e-mail firstname.lastname@example.org or call 017834 228000.
Safe Harbor Statement
Statements in this press release other than statements of historical fact
are forward-looking statements, including, but not limited to, statements
concerning the company's expected increase in selling opportunities,
future financial performance and results of operations. Such statements
constitute anticipated outcomes and do not assure results. Actual results
materially from those anticipated by the forward-looking statements due to
a variety of factors including, but not limited to, changes in general
economic conditions, competition and uncertain market acceptance of new
products. For a more detailed discussion of factors that could affect the
company's performance and cause actual results to differ materially from
those anticipated in the forward-looking statements, interested parties
should review the company's filings with the Securities and Exchange
Commission, including the Reports on Form 10-K filed on September 14, 2001
and 10-Qs filed on November 13, 2001 and February 13, 2002. The company
does not undertake an obligation to update its forward-looking statements
to reflect future events or circumstances.
Hyperion, Hyperion Essbase and the Hyperion logo are registered trademarks
and Hyperion Solutions is a trademark of Hyperion Solutions Corporation.
All other trademarks and company names mentioned are the property of their
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