Revenues for the first quarter of fiscal 2001, are the largest for any quarter in Ariba’s history at $170.2 million, up 625% from the same period last year. Net income for the quarter excluding certain non-cash charges was $14.0 million, or $0.05 per share, beating the First Call consensus estimate of $0.02 per share. During the corresponding quarter in fiscal 2000, the comparable net loss was $5.6 million, or a loss of $0.04 per share, excluding certain non-cash charges.
Demand for Ariba eCommerce products and services continues to be strong as customers — around the world — are closely watching the bottom line and looking to realize immediate benefits, said Keith Krach, Ariba’s chairman and CEO. Our revenue growth and profitability are the ultimate validation of a well-balanced strategy and Ariba’s best-of-breed eCommerce applications.
Ariba continued to build market share and extend its leadership position globally this quarter, added Larry Mueller, Ariba’s president and chief operating officer in a press release. Looking forward, Ariba is positioning itself to lead the next wave of eCommerce: extending and validating the strength of our eCommerce platform.
