Clarify Inc, which last week agreed to be acquired by Nortel Networks Corp for $2.1bn, yesterday reported record results for its third quarter. Net income was $5.9m, or $0.23 per share, beating analysts estimates by 4 cents, on revenues up 84% at $63.3m. Net income for the nine month period ended September 30 1999 was up 215% to $12m on revenues up 78% to $159m for the same period last year. Clarify CEO Tony Zingale said sales to existing customers of its core eFrontOffice customer relationship management suite fueled growth throughout the quarter as well as an influx of new dot.com companies such as @Link, edocs Inc and Responsys.com. In addition, the company extended its partnership with PricewaterhouseCoopers’ CRM practice, which also contributed to sales, the CEO said.
