Chelmsford, MA April 26, 2001 Defying gravity in an uncertain market, MatrixOne, a platform provider for collaborative commerce, this week announced a profit to go along with a near doubling of revenues for the quarter ending March 31.
For its third fiscal quarter, MatrixOne reported total revenues increased 92 percent to a record $38.1 million, compared to $19.8 million in the same period last year. Software license revenues increased 109 percent to a record $22.4 million, up from $10.7 million in the same period last year.
Net income for the just-ended quarter was $2.6 million, or $0.05 per share, compared to a net loss of $2.9 million, or $0.08 per share on a pro forma basis, in the same period last year. Excluding stock-based compensation, net income for MatrixOne's third quarter was $3.6 million, or $0.07 per share, compared to a net loss of $1.9 million, or $0.05 per share on a pro forma basis, in the same period last year.
For the nine months ended March 31, 2001, total revenues increased 102 percent to a record $100.9 million, compared to $49.9 million in the same period last year. Nine-month software license revenues increased 135 percent to a record $62.4 million, up from $26.6 million in the same period last year. Software license revenues represented 62 percent of total revenues, compared to 53 percent in the same period last year.
Net income for the past three quarters was $5.3 million, or $0.11 per share, compared to a net loss of $6.4 million, or $0.19 per share on a pro forma basis, in the same period last year. Net income excluding stock-based compensation was $8.4 million, or $0.17 per share, compared to a net loss of $3.9 million, or $0.12 per share on a pro forma basis, in the same period last year.
Mark O'Connell, president and CEO of Chelmsford, Mass.-based MatrixOne, said his company's financial results reflect growing awareness of the value of collaborative commerce. "Leading companies around the world are recognizing that Internet collaboration can accelerate products to market which, in turn, drives new revenue opportunities," O'Connell said.
MatrixOne competitor Agile Software ends its current fiscal quarter on April 30, but it has forecast revenues between $26 million to $27 million and a loss, excluding acquisition related costs and before amortization and other intangibles, in the range of $0.06 to $0.03 per share.
Competitor PTC (formerly Parametric Technology) reported revenue totaling $245.1 million for its second quarter ended March 31, up 8 percent from $227.1 million for the same period last year. Pro forma net income for the quarter, excluding non-recurring charges, was $17.6 million, or $0.07 per diluted share.
During the third quarter of fiscal 2001, MatrixOne reported that it continued to expand adoption of its eMatrix platform and Value Chain Portfolio applications. The company said it received significant revenue from the following customers: Agilent Technologies, Applied Materials, General Electric, Schlumberger and Draxelmaier Group.
Also during the past quarter, MatrixOne and Cap Gemini Ernst & Young, a management and information technology consulting services firm, formalized an alliance to deliver product collaboration and Net market solutions for the automotive, aviation, manufacturing, pharmaceutical, energy, utilities and high-tech industries.
MatrixOne expanded its Asian-Pacific presence during its third quarter, opening its regional headquarters in Singapore and laying plans to open an Asia-Pacific customer success center in Korea. The new office will act as the center for MatrixOne¹s North Asia operations.