Stellent Reports Strong Revenues

By Brice Dunwoodie (@cmswire) Jan 21, 2005

Stellent, a global provider of Content Management Solutions, has announced its financial results for the third quarter of fiscal 2005 ended Dec. 31, 2004.

Year-over-year revenue growth was 44%, total revenues for the nine-month period were $78.3 million, net income for the period was $0.2 million (GAAP).

Third quarter fiscal 2005 revenues were $27.7 million, an increase of 44% from the $19.2 million reported for the same period last year.

The third quarter of fiscal 2005 is the second full quarter of operating results that reflects Stellent's acquisition of Optika Inc. in May of 2004.

Revenues for the nine-month period ended Dec. 31, 2004 were $78.3 million, a 42% increase over revenues of $55.1 million for the comparable period of fiscal 2004.

On a Generally Accepted Accounting Principles (GAAP) basis, net income for the quarter ended Dec. 31, 2004 was $0.2 million, or $0.01 per share on a basic and diluted share basis, compared with a net loss of $1.9 million, or $(0.09) per share on a basic and diluted share basis, for the quarter ended Dec. 31, 2003.

“Our company performed strongly on all fronts during the third quarter, resulting in balanced revenue contributions from our products, channels and geographies,” said Robert Olson, president and chief executive officer for Stellent. “This performance enabled us to exceed our guidance for revenue and earnings per share (EPS). We also increased our cash and marketable securities position by more than $5.0 million from the previous quarter.

Source: Stellent, Inc.