Earnings Roundup: April 22, 2005

SAP reported positive preliminary financial results for the first quarter, ending March 31, 2005. Total revenue was reported at $1.7 billion, an 11 percent increase over the first quarter last year. Software revenues were $563 million, representing an increase of 17 percent compared to the first quarter last year. Operating costs were $374 million, an increase of 12 percent over the same period last year. Operating cash flow increased 2 percent to $875 million. Oracle ended up its third quarter for the 2005 fiscal year. Net income was reported at $540 million, compared to a net income of $635 million in the third quarter last year. Third-quarter revenues were up 15 percent to $2.34 billion. Total revenue increased 18 percent to $2.95 billion. Finally, earnings per share was $0.10, compared to $0.12 last year. Avaya reported income from continuing operations of $36 million, or $0.07 per diluted share in the second fiscal quarter of 2005. Avaya's second quarter revenues increased 21 percent to $1.2 billion, compared to revenue of $1.006 billion in the second fiscal quarter of the previous year. Revenues for the first six months of fiscal 2005 were $2.37 billion, an increase of 20 percent compared to revenues of $1.977 billion for the same time period of the year prior. For the first quarter ending March 31, 2005, Epiphany reported revenues of $16.2 million compared to revenues of $20.2 million in the first quarter of 2004. First quarter license revenues were $4.3 million, service revenues were $4.2 million and maintenance revenues were $7.7 million, representing 26 percent, 26 percent, and 48 percent of total revenues, respectively. Net loss for the quarter was $6.4 million, or $0.08 per share, compared to a net loss of $4.2 million, or $0.06 per share for the first quarter of 2004. DoubleClick, a provider of data and technology solutions for marketers, advertising agencies, and Web publishers, reported $76.3 million in revenue for the first quarter, compared to $68 million in the same period last. Net loss for the quarter was $0.9 million, or $0.01 per share, compared to a net income of $7.7 million, or $0.05 per share, in the first quarter of 2004. DoubleClick achieved a gross margin of 69.4 percent during the first quarter, while total operating expenses topped off at $56.7 million for the quarter. Related articles: SAP Targets BPO Oracle's Oyster The PeopleSoft acquisition alters the software giant's competitive landscape.