Bijgaand ontvangt u het persbericht van Micromuse Inc. (Nasdaq: MUSE), leverancier van fault management- en service assurance-software, over de resultaten in het eerste kwartaal 2003 dat eindigt op 31 december 2002. De omzet voor het eerste kwartaal is uitgekomen op 27.1 miljoen dollar. Het nettoverlies was 7.3 miljoen dollar of 0.10 dollarcent per aandeel. Het pro forma nettoverlies voor het kwartaal, exclusief de reorganisatiekosten, de ingekochte lopende research- en developmentprojecten en aflossingen van immateriële activa, is uitgekomen op 2.3 miljoen dollar of 0.03 dollarcent per aandeel. Cash, cashequivalenten en investeringen zijn tussen 30 september en 31 december 2002 gestegen met 13.1 miljoen dollar van 187.6 miljoen tot een totaal van 200.7 miljoen dollar.
“Het eerste kwartaal was op verschillende gebieden een zeer sterk kwartaal voor Micromuse. We hebben kapitaal opgebouwd, onze zichtbaarheid in de markt verbeterd en de pipeline versterkt”, aldus Mike Luetkemeyer, interim CEO en Chief Financial Officer bij Micromuse. “De versteviging van onze marktpositie in de enterprise markt, verhoogde verkoopactiviteiten in de telecom sector en continue uitbreiding van de Netcool suite hebben ons de juiste uitgangspositie gegeven om nu onze terugkeer naar winst te versnellen.”
Voor aanvullende informatie kunt u contact opnemen met:
Marianne van Barneveld
035-582 27 30 / 06-5337 2153
Internationaal persbericht:
Micromuse Reports Fiscal Q1 Total Revenue of $27.1 million
Cash, Cash Equivalents & Investments Increase by $13.1 Million to $200.7 Million
SAN FRANCISCO - Micromuse Inc. (Nasdaq: MUSE), the leading provider of service and business assurance software, reported financial results today for the fiscal quarter ended December 31, 2002. Total revenue for fiscal Q1 was $27.1 million. Net loss for fiscal Q1 was $7.3 million or $0.10 per share. Pro forma net loss for the quarter - which specifically excludes restructuring costs, purchased in-process research and development, and amortization of intangible assets - was $2.3 million or $0.03 per share.
Cash, cash equivalents and investments increased by $13.1 million from $187.6 million to $200.7 million between September 30, 2002 and December 31, 2002.
"Fiscal Q1 was a strong quarter for Micromuse by virtually any measure. In addition to reporting Q1 results that exceed current First Call consensus revenue and pro forma earnings estimates, we also built cash, increased deferred revenues, improved visibility, and strengthened our pipeline," said Mike Luetkemeyer, Micromuse Interim CEO and Chief Financial Officer. "Our deepening traction in the enterprise market, increasing sales activity in the telco sector, targeted acquisitions, and continuing expansion of the Netcool suite are providing the momentum to accelerate our return to profitability."
Fiscal Q1 Highlights
- Cash, cash equivalents, and long-term investments increased by $13.1 million from $187.6 million to $200.7 million.
- Deferred revenue increased sequentially by $13 million to $49.5 million.
- DSOs were 43 days, down by 25 days sequentially.
- Gross margins were 84%.
- Maintenance renewals were 93%.
- Pro forma operating expenses decreased in every category, inclusive of a full quarter of operating expenses from the former RiverSoft entity, bringing total pro forma operating expenses to $25.9 million, down by $2.4 million from $28.3 million in fiscal Q4 of 2002.
- Enterprise customers comprised 60% of new customer wins.
- The Lumos acquisition was announced and completed in the month of December.
- Micromuse completed a previously announced restructuring within the quarter, reducing total headcount from approximately 660 to approximately 550.
- Effective January 1, 2003, Dave Schwab became Chairman of the Board, and Mike Luetkemeyer became Interim CEO while continuing in his role as Chief Financial Officer.
Q1 2003 Conference Call, Webcast, and Replay Information
Micromuse will host a conference call and simultaneous Webcast on Tuesday, January 21, 2003 at 5:00 AM PT, 8:00 AM ET to announce GAAP and pro forma results for the first quarter of fiscal year 2003. The live call will be available to the general public by dialing 888-428-4469 (domestic) or 612-288-0329 (international). A live Webcast of the conference call will be available at http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=MUSE&script=2100 or via a link from the Micromuse web site at http://www.micromuse.com.
A replay of this conference call will be available by dialing 800-475-6701 (domestic) or 320-365-3844 (international) and entering access code 669330. The replay will be available from Tuesday, January 21 at 1:15 PM ET until Tuesday, January 28 at 11:59 PM ET. The replay will also be available as an archived audio file at http://www.micromuse.com.
About Micromuse
Micromuse Inc. (Nasdaq: MUSE) is the leading provider of service and business assurance software solutions. The Netcool® software suite provides organization with the assurance that their IT systems are supporting and driving profits 24 hours a day. Unlike traditional infrastructure management systems, Netcool solutions provide realtime end-to-end visibility and accurate troubleshooting from a business perspective. Such business intelligence allows organizations to respond to problems quickly, streamline workflow processes and improve business uptime. Micromuse customers include AT&T, BT, Cable & Wireless, Charles Schwab, Deutsche Telekom, Digex, EarthLink, GE Appliances, ITC^DeltaCom, J.P. Morgan Chase, T-Mobile and Verizon. Headquarters are located at 139 Townsend Street, San Francisco, Calif. 94107; (415) 538-9090. The Web site is at www.micromuse.com.
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Micromuse and Netcool are registered trademarks of Micromuse Ltd. All other trademarks and registered trademarks in this document are the properties of their respective owners. Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties.
The factors that could cause actual future results to differ materially from the forward-looking statements include the following: fluctuations in customer demand, the Company's ability to manage its growth (including the ability to hire sufficient sales and technical personnel), the risks associated with the expansion of the Company's distribution channels, the risk of new product introductions and customer acceptance of new products; the rapid technological change which characterizes the Company's markets, the risks associated with competition, the risks associated with international sales as the Company expands its markets, and the ability of the Company to compete successfully in the future, as well as other risks identified in the Company's Securities and Exchange Commission Filings, including but not limited to those appearing under the caption "Risk Factors" in the Company's most recent Quarterly Reports on Form 10-Q and on Form 10-K on file with the Securities and Exchange Commission and available on the Company's Web site.