Agile’s strong performance for the quarter exceeded analysts’ consensus estimates for revenues and pro forma net income.
Total revenues for the third quarter of fiscal 2001 increased to $25.0 million compared to total revenues of $8.6 million for the same period in fiscal 2000, representing an increase of 192%. License revenues for the third quarter of fiscal 2001 more than tripled to $19.1 million from license revenues of $5.8 million for the same period in fiscal 2000, representing an increase of 228%.
Pro forma net income, which excludes charges associated with the amortization of deferred stock compensation, the amortization of goodwill and purchased intangible assets, acquired in-process technology and payroll taxes on stock option exercises was $353,000 or $0.01 per share. This is compared to a pro forma net loss of $1.7 million or ($0.04) per share for the same period in fiscal 2000.
Net loss including all charges related to acquisitions, stock compensation and payroll taxes on stock option exercises for the quarter ended January 31, 2001, was $12.6 million or $0.27 per share in the third quarter of fiscal 2001, compared to a net loss of $12.9 million or $0.31 per share for the same period in fiscal 2000.
The net profit (loss) per share and number of shares used in the per-share calculation for all periods presented reflect the two-for-one stock split effective March 17, 2000.
Demand for Agile solutions continues to grow as companies transform from vertically integrated organizations to more horizontal enterprises, said Bryan D. Stolle, chairman and CEO of Agile. Our third quarter performance, along with our steady growth before that, confirms that more and more customers realize the significant benefits of Agile’s private collaborative manufacturing exchange as a key solution for driving efficiency and effectively managing global expansion and outsourcing.
Our intended merger with Ariba and our recently announced partnership with Manugistics further define our focus on delivering maximum value to customers, Stolle added. Complementary offerings, along with similar cultures, vision and motivation, make Agile and Ariba a perfect fit. The combination will create a new breed of B2B solutions and provide businesses a new generation of tools for managing interactive value chains. The Manugistics relationship provides seamless integration between collaborative manufacturing commerce and enterprise profit optimization management that enables direct control over one of the biggest cost and profit drivers in manufacturing – namely, changes to the product and the resulting impact on customer fulfillment, inventory, and component costs.
