Business Objects Sales Up, Income Down In 4Q - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Business Objects Sales Up, Income Down In 4Q

Net income of $14.1 million, or 23 cents per share, beat Wall Street's expectations, but was down from the net income of $16.1 million, or 25 cents per share, reported a year earlier.

Business Objects SA on Tuesday reported sales of $116.8 million for the fourth quarter ended Dec. 31, up 10% from $105.8 million in the same period one year ago. Net income of $14.1 million, or 23 cents per share, beat Wall Street's expectations, but was down from the net income of $16.1 million, or 25 cents per share, reported one year earlier.

"As the economy remains slow, [companies] really need to focus on their business performance," Business Objects CEO Bernard Liautaud said in an interview, explaining the continued demand for business-intelligence software. Companies that spent millions installing enterprise resource planning and customer-relationship management applications are now looking for ways to leverage the data generated by those systems, he says. "It's important to have good visibility right now."

Business Objects enjoyed revenue growth in services and software license fees, the latter including increased sales of analytic applications and extranet software, according to the company. But increased spending for sales, marketing, and research and development reduced the bottom line below the fourth quarter of 2000. The company's 10% growth rate was down from 30% in early 2001.

The Paris company gets 53% of its revenue from Europe and 39% from the Americas. But Liautaud says demand is getting stronger in the United States. "Europe is definitely slow now, while the U.S. is ahead in its recovery."

For fiscal 2001 ended Dec. 31, Business Objects reported net income of $44.9 million, or 70 cents per share, on sales of $415.8 million, compared with net income of $42.4 million, or 65 cents per share, on sales of $348.9 million in 2000.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
Slideshows
10 Top Cloud Computing Startups
Cynthia Harvey, Freelance Journalist, InformationWeek,  8/3/2020
Commentary
How Enterprises Can Adopt Video Game Cloud Strategy
Joao-Pierre S. Ruth, Senior Writer,  7/28/2020
Commentary
Conversational AI Comes of Age
Guest Commentary, Guest Commentary,  8/7/2020
Register for InformationWeek Newsletters
Video
Current Issue
Special Report: Why Performance Testing is Crucial Today
This special report will help enterprises determine what they should expect from performance testing solutions and how to put them to work most efficiently. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll