PeopleSoft announces preliminary Q2 results,; Agilysis completes first year, announces Q4 results
Pleasanton, CA, and Atlanta — July 2, 2003 — Quarterly results are trickling in from vendors, and today PeopleSoft Inc. announced preliminary results for the quarter ended June 30, 2003. In addition, enterprise business solution provider Agilysis today announced its fourth quarter and end-of-year results for fiscal year 2003.
PeopleSoft said that, based on preliminary information, license revenue is expected to be $105 million to $115 million, and total revenue is expected to be in the range of $490 million to $500 million. Earnings per share from recurring operations is expected to be $0.13 to $0.14, a slight rise compared to the company's original guidance of $0.11 to $0.12 per share. Earnings per share, including previously announced non-recurring items, is also expected to rise to $0.10 to $0.11, in comparison with the company's original guidance of $0.08 to $0.09 per share.
"This morning we announced that against all odds and odds makers, under the most challenging conditions a company can face, PeopleSoft not only met but significantly exceeded our original financial guidance," asserted PeopleSoft President and CEO Craig Conway.
Final results and additional information regarding the PeopleSoft's second quarter results will be released later this month.
In related news, Agilysis total revenues for the quarter and the year, which ended on May 31, were $28.2 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the fourth quarter was 19.1 percent or $5.4 million, and free cash flow from operations was $ 5.0 million. Additionally, the provider said all vertical solution business units delivered improved profitability levels from those achieved in Q3.
According to Agilysis, the company hit several milestones, including the acquisition of BRAIN Industries and Future Three Software Inc.
Kevin Mixer, research director with AMR Research, said Agilisys ended its first year of operation with a strong balance sheet and a scalable organizational structure to support its aggressive growth strategy. He added that Agilisys firmly established itself as a global supply chain software provider with 50 percent of revenues coming from outside North America.