ots Ad hoc-Service: INTERSHOP Communications <DE0006227002> INTERSHOP Reports First Quarter Profits
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Intershop Communications (Neuer Markt: ISH), the worlds leading provider of sell-side e-commerce applications & software solutions, today announced record financial results for the first quarter of 2000 which ended March 31, 2000.
First quarter revenues were E25.0 million ($23.75 million), an increase of 258% from E7.0 million ($6.65 million) reported in the comparable 1999 period. Intershop reported a Q1 2000 profit of E1.6 million ($1.5 million), the first profitable quarter in the Company's history, compared to a loss of E3.5 million ($3.3 million) for Q1 1999. Intershop announced E0.08 ($0.08) first quarter earnings per fully diluted share, compared to a loss of E0.19 ($0.18) per fully diluted share a year ago.
"We are very pleased to report record revenues for the first quarter that lead to Intershop generating net income earlier than expected", said Wilfried Beeck, CFO. "The quarter represents a significant achievement for Intershop. In addition to reporting our ninth consecutive quarter of increased revenue, we have reached the important milestone of profitability."
With license revenues up 288% to E17.4 from the comparable first-quarter 1999 figure of E4.5 million, licensing activities represented the driving force behind this quarter's outstanding performance. As a result, license revenues also went from 64 % to 70 % of total revenues. The increase in U.S. revenues was especially encouraging. First-quarter revenues rose 488 % to E11.5 million. This improvement was primarily due to license revenues, which were up 792 % over the previous year.
"Our strong results are due to numerous factors from increasing revenues through both new customer acquisitions and repeat sales to existing customers including telcos, enterprise class businesses and internet service providers as well as marketplace operators," said Stephan Schambach, CEO. "In addition, we have continued to see a strong adoption and deployment of our Intershop Enfinity solutions by global enterprises, further demonstrating our position as the world technology leader in the Digital Economy. The market for electronic commerce software is growing at a fast pace and we are planning to significantly increase our investments in marketing in order to not only lead by technology but also in brand awareness."
Investor Relations Europe: Dr. John Lange Phone +49-40-23709-128
Fax +49-40-23709-111 E-mail: firstname.lastname@example.org
Investor Relations U.S.A.: Phil Oreste Phone +1-415-229-0100 Fax
+1-415-229-0555 E-mail: info@INTERSHOP.com http://www.INTERSHOP.com
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Original-Content von: INTERSHOP Communications AG, übermittelt durch news aktuell