webMethods Reports Preliminary Second Quarter Financial Results
October 05 2006 - 5:01PM
PR Newswire (US)
FAIRFAX, Va., Oct. 5 /PRNewswire-FirstCall/ -- webMethods, Inc.
(NASDAQ:WEBM), a leading provider of business integration and
optimization software, today announced preliminary financial
results for its fiscal second quarter ended September 30, 2006.
webMethods expects to report total revenue for the second quarter
in the range of $48.5 million to $50.0 million. License revenue is
expected in the range of $15.5 million to $16.5 million. Under U.S.
generally accepted accounting principles (GAAP), the company
expects to report a loss of $0.08 to $0.06 per share. The company
is evaluating the purchase price accounting for its acquisitions of
Cerebra and Infravio which occurred during the second quarter. No
potential accounting adjustments relating to these acquisitions are
reflected in these preliminary results. GAAP net loss for the
second quarter is expected to include expenses of approximately
$700,000 for amortization of acquired intangibles, $3.0 million
related to stock-based compensation and $400,000 of income tax
expense. Total revenue guidance for the September 2006 quarter,
which was given on July 27, 2006, was for a range of $53.5 million
to $56.5 million, and included anticipated license revenue in the
range of $19.5 million to $22.5 million. GAAP net income per
diluted share for the second quarter was expected to be in the
range of $0.02 to $0.07. "Our performance for the quarter is a
clear disappointment. While total revenue was comparable to last
year, license revenue declined year-over-year," said David
Mitchell, president and CEO, webMethods, Inc. "These results are at
odds with the great potential that we continue to see in our
business. We are completely focused on improving our execution and
building upon the demonstrated value that we've long delivered to
our customers." webMethods will host a conference call at 5:00 p.m.
Eastern Time today to discuss the preliminary financial results for
its fiscal second quarter. The conference call will be available
via telephone by dialing 1 (877) 468-1591 in North America or 1
(706) 679-0585 outside North America, or via webcast at
http://www.webmethods.com/investors. A replay of this call will be
available through October 12, 2006. Please dial 1 (800) 642-1687 in
North America and 1 (706) 645-9291 outside North America,
confirmation number 8143195. The Company will release final results
for its fiscal second quarter on Thursday, October 26, 2006 and
host a conference call after the market close. About webMethods,
Inc. webMethods (NASDAQ:WEBM) provides business integration
software to integrate, assemble and optimize available IT assets to
drive business process productivity. webMethods delivers an
innovative, enterprise-class business integration platform that
incorporates proven integration technology with next generation
capabilities into one interoperable set of tools that delivers a
unique combination of efficiency, agility and control. webMethods
combines industry leadership with a zealous commitment to customers
to deliver tangible business value to over 1,400 global customers.
webMethods is headquartered in Fairfax, Va., with offices
throughout the U.S., Europe, Asia Pacific and Japan. The webMethods
name and logo are registered trademarks of, and webMethods Fabric
is a trademark of, webMethods, Inc. All other marks mentioned are
trademarks or service marks of their respective companies. This
press release and the conference call announced in it may contain
various remarks about the future expectations, plans and prospects
of webMethods that constitute forward-looking statements for
purposes of the safe harbor provisions of the U.S. securities laws.
Specific forward-looking statements in this press release include
statements regarding webMethods' expected revenues and earnings per
share for its fiscal second quarter ended September 30, 2006,
future market opportunities for its products, the growth prospects
for its business, and the size and quality of its pipeline. Actual
results of webMethods may differ materially from those indicated by
these forward-looking statements as a result of various risks and
uncertainties, including the risk that management of webMethods has
not completed its review of the preliminary results presented in
this press release and, accordingly, the preliminary results may be
adjusted. In addition, actual results of webMethods may differ
materially from those indicated by these forward-looking statements
as a result of the factors discussed in the "Risk Factors" section
of webMethods' Form 10-K for the year ended March 31, 2006 which is
on file with the U.S. Securities and Exchange Commission and may be
accessed at http://www.sec.gov/ or on webMethods' investor
relations web page at http://www.webmethods.com/investors.
webMethods disclaims any obligation to update or correct any
forward-looking statements made herein due to the occurrence of
events after the issuance of this press release. DATASOURCE:
webMethods, Inc. CONTACT: Christopher Martin, Investor Relations,
+1-703-460-6609, , or John Conley, Public Relations,
+1-703-460-5996, , both of webMethods, Inc. Web site:
http://www.webmethods.com/
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