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FileNet reports revenue rise in latest quarter

  • 21 October, 2004 16:54

<p>SYDNEY—October 21, 2004—FileNet Corporation, a leading provider of Enterprise Content Management (ECM) solutions, has announced financial results for its third quarter ended September 30, 2004.</p>
<p>Total revenues for the third quarter of 2004 were $US96.5 million compared to total revenues of $US89.4 million for the same period in 2003 and $94.1 million for the second quarter of 2004. Software revenues for the third quarter of 2004 were $35.4 million compared to $35.3 million for the same period in 2003 and $32.7 million for the second quarter of 2004.</p>
<p>Net income was $6.4 million in the third quarter of 2004, compared to net income of $2.5 million in the third quarter of 2003 and $2.2 million in the second quarter of 2004.</p>
<p>Earnings per basic and diluted share were $0.16 for the third quarter of 2004, compared to earnings per basic and diluted share of $0.07 and $0.06, respectively, for the third quarter of 2003. For the second quarter of 2004, earnings per basic and diluted share were $0.06 and $0.05, respectively.</p>
<p>“We are pleased with our financial results - exceeding last year’s third quarter revenue and earnings,” said Lee Roberts, chairman and CEO of FileNet. “During the quarter, we added to the strength and breadth of our integrated ECM offerings with the latest version of our FileNet P8 platform, 3.0, and delivered our Department of Defense certified Records Manager suite designed to help our customers address their most challenging regulatory compliance issues.”</p>
<p>The Managing Director of FileNet Australia and New Zealand, James Rae, said: “Locally we had an excellent quarter, acquiring a number of substantial new customers for our ECM and Business Process Management solutions.”</p>
<p>About FileNet
FileNet Corporation (NASDAQ: FILE) helps organisations to make better decisions by managing the content and processes that drive their business. FileNet’s Enterprise Content Management (ECM) solutions allow customers to build and sustain competitive advantage by managing content throughout their organisations, automating and streamlining their business processes, and providing the full spectrum of connectivity needed to simplify their critical and everyday decision-making.</p>
<p>FileNet ECM solutions deliver a comprehensive set of capabilities that integrate with existing information systems to provide cost-effective solutions that solve real-world business problems.</p>
<p>Since the Company’s founding in 1982, more than 4,000 organisations, including more than three-quarters of the Fortune 100, have taken advantage of FileNet solutions for help in managing their mission-critical content and processes.
Headquartered in Costa Mesa, Calif., with offices in Sydney, Melbourne and Canberra, the company markets its innovative ECM solutions in more than 90 countries through its own global sales, professional services and support organisations, as well as via its ValueNet® Partner network of resellers, system integrators and application developers. Visit FileNet's Web site at www.FileNet.com, or call (02) 8224 09900.</p>
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<p>Media Contacts:
James Rae David Frost
FileNet Corporation PR Deadlines
Phone: 02-8224 9900 Phone: 02-4341 5021</p>

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