i2 Technologies (Nasdaq: ITWO) exceeded the consensus forecast in the first quarter.
After market close Tuesday, the provider of e-commerce software reported net income of more than $12 million, or 7 cents per share, excluding acquisition-related charges. Analyst consensus predicted a profit of 5 cents per share, according to Zack's Investment Research.
First quarter revenue increased 58 percent year-over-year to $186 million. "Our results this quarter clearly demonstrate the strength of the B2B market and i2's position as a leading marketplace service provider," said Sanjiv Sidhu, CEO of i2.
Deferred revenue totaled $137 million at the end of March, a gain of $64 million during the quarter.
Shares of i2 traded as high as 104 15/16 in afterhours activity on the Island electronic communications network, following the quarterly report. The stock closed tuesday's regular trading at 97 1/8, up 18 3/16 for the session.
Executives said i2's planned acquisition of Aspect Development (Nasdaq: ASDV) remains on track.
Other companies reporting quarterly results Tuesday:
The provider of security and utility software reported first quarter net income of about $30 million, or 20 cents per share, excluding special charges and losses from the McAfee.com website. On a consolidated basis excluding one-time events, Network Associates earned 20 cents per share.
First Call's survey of a dozen analysts predicted a profit of 16 cents per share for the three month period ended Mar. 31.
Including McAfee.com, amortization costs, non-cash interest expenses, charges related to stock options and gains from stock sales, Network Associates earned $34.5 million, or 24 cents per share.
First quarter revenue was $204.2 million, excluding McAfee.com, or $214.5 million including it.
Cash and investments grew by more than $44 million in the first quarter to $830 million. Days sales outstanding were 68 days, a decrease of 4 days from the fourth quarter of 1999.
Network Associates spent $27.4 million to buy back 915,000 shares
"The company has over $830 million in cash, and a solid balance sheet," said Bill Larson, chairman and chief executive officer of Network Associates. "Our first quarter results show that the company continues to lay a firm financial foundation for future growth."
The database software vendor earned $19.5 million, or 22 cents per share, in the first quarter, excluding special charges. First Call's survey of four analysts predicted a profit 13 cents per share.
Including all items, Sybase earned $6.7 million, or 8 cents per share during the quarter.
First quarter revenue rose 9 percent year-over-year to $227 million. License revenue increased 13 percent. Service revenue increased 6 percent.
Quarterly net income for the Internet services firm totaled $1.3 million, or 7 cents per share, not counting a charge related to stock options. First Call's survey of six analysts predicted a profit of 5 cents per share.
First quarter revenue increased to $12.3 million, up 194 percent year-over-year and up 44 percent sequentially. The company picked up a dozen new customers in the quarter. Cysive's billable employees rose to 135, a 32 percent gain sequentially.
The provider of Internet access over DSL lines reported a first quarter net loss of $107.2 million, or 77 cents per share. First Call consensus predicted a loss of 81 cents per share for the three month period ended Mar. 31.
First quarter revenue increased 35 percent sequentially to $41.8 million from $30.9 million in the fourth quarter. Covad raised its subscriber line total to 93,000, up 63 percent from 57,000 at the end of December. The company's service now passes 35 million homes and businesses compared to 29 million in the fourth quarter.
The vendor of DSL network systems reported net income of $11.3 million, or 20 cents per share, excluding special charges. Analyst consensus predicted a profit of 11 cents per share, according to Zack's Investment Research.
Including one-time events and goodwill writedowns, Copper Mountain earned $13.7 million, or 24 cents per share.
First quarter revenue rose to $60.8 million, up 361 percent year-over-year and 36 percent sequentially.
The online retailer of healthcare products reported a first quarter net loss of 75 cents per share, excluding one-time charges. Analyst consensus predicted a loss of 78 cents per share, according to Zack's Investment Research.
Including amortization costs related to stock options and goodwill, PlanetRx lost $49.6 million, or $1.05 per share.
First quarter revenue of $8.8 million represented a 72 percent gain sequentially. E-commerce revenue rose 71 percent to $7.8 million from $4.6 million in the fourth quarter.
The e-business software vendor lost $4.8 million, or 11 cents per share. Analyst consensus predicted a loss of 7 cents per share in the first quarter, according to Zack's.
First quarter revenue increased 50 percent year-over-year to $24.8 million.
"We are well on track to achieve our goal of profitability during the year," said Ron Matros, president and CEO of Open Market. "Our business fundamentals are solid, and we're seeing our sales grow at a steady pace.">