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Tech Industry

Earnings Roundup: Business Objects, Banyan, DSL.Net

E-business software maker Business Objects (Nasdaq: BOBJ) easily beat Wall Street consensus estimates Wednesday with fourth quarter earnings of $9.5 million, or 23 cents a share, on sales of $74.8 million.

First Call Corp. consensus predicted a profit of 19 cents a share.

Sales were up 45 percent compared $51.5 million in the same quarter a year ago.

Business Objects has been riding the e-business wave and has seen its shares rocket in recent months. The company completed a 2-for-1 stock split last month.

The company makes extranet software and provides a software platform for customers such as KBKids.com, Stamps.com and WebMD.com. ADC Telecommunications and Unisys are also customers.

Business Objects said it added 241,000 new licenses in the fourth quarter and now has 1,680,000 worldwide.

For 1999, Business Objects reported earnings of $23.8 million, or 60 cents a share, on sales of $241.6 million.

Among other tech earnings Wednesday:

Banyan Worldwide (Nasdaq: BNYN), which operates Switchboard.com, said Wednesday fourth quarter revenue from continuing operations was $14.1 million, up 56 percent from a year ago. Switchboard.com accounted for $3 million of Banyan's revenue.

Banyan has restructured to become a Internet directory services company. Its domain used to be information technology software.

The transition provided for some messy results. Banyan reported net income from continuing operations of $30.4 million, or $1.17 per share, with one-time gains. Banyan pocketed $12.5 million, or 48 cents a share, from the sale of 130,000 shares of common stock of Software.com. The company also had a one-time tax benefit of $22.6 million, or 87 cents a share. Backing out those gains, Banyan would have lost 18 cents a share.

A First Call consensus survey of one analyst predicted a loss of 18 cents a share.

For the year, Banyan reported revenue of $45.8 million with Switchboard.com accounting for $8.3 million of that total.

DSL.net (Nasdaq: DSLN) reported a fourth quarter loss of $9.87 million, or 21 cents a share, on sales of $811,000. First Call consensus expected DSL.net to lose 27 cents a share.

DSL.net uses digital subscriber line technology to provide high-speed Internet services directly to small- and medium-sized businesses located in smaller cities.

The company said its DSL deployment grew from 52 cities in the third quarter to 116 cities in the fourth quarter.