SOfTWARe
NetSuite makes first earnings announcement
Mkt cap
Price (4
% month
) P/E ratio
20.01.08 - 20.02.08
change 4m
However, things seem to be back on track, given that 2008 has started with a
Stonesoft 0.26 -10 15 -
2.5% growth. In Spain, on the other hand, margins have reduced by 21%, which,
according to the distributor was due to the loss of some back end rebates, as
Dassault 37.17 9 4340 22
well as an increase in warehouse costs. Nevertheless, predictions for Esprinet
SAP 32.93 -2 40125 Spanish activities in 2008 are quite rosy, given the encouraging results achieved
in Q4’07 and the recent agreement with Acer Iberica.
Software AG 5.63 0 32 12
Update 3.94 9 40 10
As the company points out, the restructuring phase related to the integration
Exact Software 28.09 8 685 18
of the two Spanish distributors UMD and Memory Set, can be considered
almost completed and they are now entering a more stable period, focusing
Unit 4 Agresso 17.77 18 457 19
their energies on cost optimisation. According to head of Communications
IFS 0.61 6 154
Michele Bertacco, Esprinet’s decision to reveal 2008 financial targets after
publishing Q1 ’08 results is due to the “macroeconomic situation” as well as the
Autonomy (£) 13.58 6 2894 54
“reduced market visibility”.
Sage (£) 2.84 -6 3704 16
US-based Software-as-a-Service (SaaS) vendor NetSuite has made its first
earnings announcement after listing on the New York Stock Exchange (NYSE).
Ariba 6.36 1 539 -
And the news is pretty good for any recent investors: at $108.5m (€73.3m),
Autodesk 26.21 -7 6052 26
annual revenue in 2007 grew year-on-year by 62%. Q4 saw more modest
growth, up 13% on the same period in 2006 to $31.7m (€21.4m), marking the
BEA Systems 12.86 2 5211 235
thirty-third consecutive quarter of growth for the vendor. On a GAAP basis,
BMC 22.38 4 4300 23 however, NetSuite registered a $23.9m (€16.1m) annual net loss, or $2.45 (€1.65)
per share. This compares favourably with the net loss of $35.7m (€24.1m), or
BroadVision 0.68 -42 74 5
$6.42 (€4.34) per share, in 2006 - but CEO Zach Nelson will be keen to get this
figure into the black as soon as possible.
CA 16.02 6 8227 31
“Our fourth quarter and fiscal year 2007 results capped off the best year in our
CDC Corp 2.83 -8 35 -
history by every measure,” says Nelson. “We head into 2008 with tremendous
CheckPoint Systems 16.28 3 647 19
market, customer and product momentum, not just in the U.S. but around
the world.” For its FY08, NetSuite predicts total revenue somewhere between
Chordiant 4.54 -21 151 13
$153m (€103.4m) and $156m (€105.4m). It also hopes to push Q1 ‘08 revenues up
Citrix 24.93 8 4729 32
to $34m (€23m).
Storage player NetApp has increased Q3 revenue by year-on-year 21%, with
Compuware 5.54 22 1520 18
Q3 ‘08 bringing a total of $884m (€597.1m). This also represents a decent
EMC 10.53 -9 22104 20
sequential increase - in the previous quarter the vendor achieved sales of
$792.2m (€535.1m). GAAP net income for the three month period stands at
Hyperion 1.86 5 12 21
$101.8m (€68.7m), or $0.29 (€0.19) per share, which is well up on the $66.5m
i2 Technologies 8.51 0 182 23 (€44.9m) net income in Q3 ‘07. Total revenue for the first nine months of FY08
is $2.4bn (€1.62bn), up 18% on the $2bn (€1.35bn) figure last year, and NetApp
Intuit 20.80 0 6919 24
has generated $219.9m (€148.5m) in net income so far this financial year.
Lawson 25.66 1 2684 21
McAfee 22.80 7 3645 33
NetApp now expects up to 7% sequential growth going into Q4 ‘08, with
$945m (€638.2m) its stated revenue target for the quarter. This would also
Microsoft 19.27 -15 179319 16
represent a year-on-year leap of 18%. “By providing customers with real value,
Novell 4.54 4 1593 -
NetApp again achieved record financial results this quarter. Through our efforts
to increase our field coverage, expand our product portfolio and diversify
Oracle 13.27 -10 68141 21
our revenue streams, NetApp continues to grow significantly faster than the
Pervasive 2.70 11 53 21
markets we serve,” says CEO Dan Warmenhoven.
Red Hat 12.34 0 2400 50
US distribution giant Arrow has signed a definitive agreement to acquire
Salesforce 36.27 2 4284 590
French business LOGIX from Groupe OPeN. 500-strong LOGIX is a value-
added distributor (VAD) of midrange servers, storage and software products in
Please note that for consistency, we are now showing all companies with
11 countries across Europe (mostly France, Benelux and the Nordics), and annual
their share prices converted to Euros unless indicated
revenues reach around €500m. In purchasing 100% of shares in the Courbevoie-
headquartered company, Arrow believes it can add up to $0.04 (€0.03) in share
earnings over the coming 12 months.
S
ource: Thomson Financial Datastream
28 29 feb 2008
It0804 - 26-31_financials.indd 28 27/02/2008 10:30:08
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