HNC Software Inc.a leader in Intelligent Decision Management solutions incorporating Intelligent Response, decision management and customer analytics for better customer insight, announced today its financial results for the fourth quarter ended Dec. 31, 2000 and fiscal 2000.
On Sept. 29, 2000, HNC distributed to its stockholders all of its shares of its former subsidiary, Retek Inc. Accordingly, HNC’s fourth quarter of fiscal 2000 is its first full quarter that does not include Retek’s operations in HNC’s financial results.
Revenues for the fourth quarter 2000 were $55.1 million, representing an increase of 32 percent over revenues of $41.6 million for the fourth quarter of 1999. Revenues for fiscal 2000 were $195.0 million, an increase of 32 percent over revenues of $147.7 million for fiscal 1999.
Revenues for fiscal 2000 were $254.9 million, an increase of 18 percent over revenues of $216.9 million for 1999. Diluted net loss for the fourth quarter of 2000 was $5.5 million, or $0.17 per share, and for fiscal 2000 was $116.4 million, or $4.08 per share.
Results for the quarter and year have been solid, showing steady growth and successful execution to plan, said John Mutch, president and chief executive officer of HNC Software. These results are even more impressive considering we also completed the spin-off of Retek to which the market has responded favorably, and invested in corporate-wide initiatives that we expect to serve as a foundation for growth and increased profit margins in 2001.
Moving forward, we plan to focus on executing our growth strategy by developing and enhancing our Intelligent Decision Management platform, expanding new customer and partner relationships on a global basis, and cross-selling these solutions within our existing customer base.
