FileNet Corporation, the leading provider of Enterprise Content Management (ECM) solutions, announced its financial results for its second quarter ended June 30, 2003.
Total revenues for the second quarter of 2003 were $87.1 million compared to total revenues of $88.2 million for the same period in 2002 and $87.0 million for the first quarter of 2003. Software revenues for the second quarter of 2003 were $33.6 million compared to $34.4 million for the same period in 2002 and $35.5 million for the first quarter of 2003. Net income was $1.5 million in the second quarter of 2003, compared to net income of $1.7 million in the second quarter of 2002 and $1.3 million in the first quarter of 2003. Earnings per basic and diluted share were $0.04 for the second quarter of 2003 compared to earnings per basic and diluted share of $0.05 for the second quarter of 2002 and $.04 for the first quarter of 2003.
As of June 30, 2003, FileNet had cash and investments of $205.8 million, compared to $209.5 million at March 31, 2003. The company has no long-term debt. During the quarter, the company completed its acquisition of Shana Corporation for $8.5 million in cash.
"FileNet P8, our integrated ECM architecture, continues to be well received by customers, partners and industry analysts and offers an integrated framework that combines content, process and connectivity," said Lee Roberts, chairman and CEO of FileNet. "Along with continued customer acceptance of FileNet P8 during the second quarter, we were positioned by Gartner Inc., in the 'leader' portion of their Magic Quadrants (1) for both Integrated Document Management and Business Process Management."
--------
NOTES TO EDITORS
For a complete overview of the financial results please visit:
http://www.filenet.com/English/News/Global-English/Current_Press_Releases/032030050.asp#TopOfPage
About FileNet
FileNet Corporation (NASDAQ: FILE) helps organizations make better decisions by managing the content and processes that drive their business. FileNet’s Enterprise Content Management (ECM) solutions allow customers to build and sustain competitive advantage by managing content throughout their organizations, automating and streamlining their business processes, and providing the full spectrum of connectivity needed to simplify their critical and everyday decision-making.
FileNet ECM solutions deliver a comprehensive set of capabilities that integrate with existing information systems to provide cost-effective solutions that solve real-world business problems.
Since the Company’s founding in 1982, more than 3,900 organizations, including 80 of the Fortune 100, have taken advantage of FileNet solutions for help in managing their mission-critical content and processes.
Headquartered in Costa Mesa, Calif., the Company markets its innovative ECM solutions in more than 90 countries through its own global sales, professional services and support organizations, as well as via its ValueNet® Partner network of resellers, system integrators and application developers.
###
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
###
Important factors that may cause such a difference for FileNet include, but are not limited to, the volume of our sales and pricing concessions on volume sales; our ability to specify, develop or acquire, complete, introduce, market, distribute and gain market acceptance for new products and technologies in a timely manner; the mix of products and services sold by us; the timing, rescheduling or cancellation of significant customer orders; the loss of a key customer; our ability to control expenses; announcements of technological innovations, new products or product enhancements by the company or its competitors; the emerging nature of the Enterprise Content Management market; key management changes; changes in joint marketing and development programs; developments relating to patents or other intellectual property rights or disputes; changing relationships with customers, distributors, suppliers and strategic partners; potential contractual or employment issues; our ability to integrate acquired businesses; and general conditions in the worldwide economy and the software/technology sector and other factors. Our Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and other Securities and Exchange Commission filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Note to editors: FileNet and ValueNet are registered trademarks of FileNet Corporation. FileNet P8 is a trademark of FileNet Corporation. All other company or product names referenced in this release may be trademarks or registered trademarks of their respective owners.
(1) "Magic Quadrant for Pure-Play BPM, 2Q03," co authored by J. Sinur and J. Thompson; "Magic Quadrant for Integrated Document Management, 2003" co authored by K. Shegda, T. Bell, K. Chin, M. Gilbert and D. Logan.
The Magic Quadrant is copyrighted by Gartner, Inc., and is reused with permission. Gartner’s permission to print or reference its Magic Quadrant should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner’s opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner-defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Gartner does not advise enterprises to select only those firms in the Leaders segment. In some situations, firms in the Visionary, Challenger or Niche Player segments may be the right match for an enterprise’s requirements. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources including other published information and direct analyst interaction. Gartner expressly disclaims all warranties, express or implied of fitness of this research for a particular purpose.
# # #
Voor verdere persinformatie, fotomateriaal of een interview kunt u contact opnemen met: Kim van Bokhoven of Lilian van Tongerlo van LEWIS, het IT PR bureau:
Tel: +31 (0) 40 235 46 00 Fax: +31 (0) 40 235 46 01
E-mail: kimv/lilianv@lewispr.com www.lewispr.com
Voor meer informatie over FileNet kunt u contact opnemen met Melanie Bessem, FileNet:
Tel:+31 (0) 20 543 13 45
Email: mbessem@filenet.com www.filenet.com