Hyperion, the world leader in business performance management (BPM) software, has reported a 39% increase in year-on-year earnings per share (EPS) for its fourth quarter ended 30 June due to a strong focus on operating margins.
Total revenues for the quarter increased 2% to $138 million, compared to $135.8 million for the same quarter a year ago.
The company reported net income for the quarter of $9.2 million, or $0.25 per diluted share, compared to net income of $6.2 million, or $0.18 per diluted share, for the fourth quarter of fiscal 2002.
Total revenues for the fiscal year ended 30 June increased 4% to $510.5 million, compared to $492 million for fiscal 2002. Net income for fiscal 2003 more than doubled to $34.1 million, or $0.96 per diluted share, compared to net income of $15 million, or $0.45 per diluted share, for fiscal 2002.
"In a global business environment that remains challenging and unpredictable, fourth-quarter results met our expectations," says Jeff Rodek, Hyperion`s chairman and CEO. "We continued to increase our profitability and expanded our annual operating margin to 10%.
"The June quarter was our strongest ever for sales of Hyperion Planning and revenues of our suite-based applications grew 16% over last year," adds Rodek. "We are very encouraged by the initial customer interest in Hyperion Strategic Finance, which we recently acquired from The Alcar Group."
Hyperion continued to strengthen its balance sheet during the quarter, increasing cash and short-term investments to $416.6 million at 30 June, as compared to $330.3 million a year earlier.
Significant fourth-quarter developments included:
* Major customer wins at Allied Irish Bank, Chanel, Grupo SONAE, Honeywell, Intuit, McDermott, Michelin, Petrobras, Symantec, The Interpublic Group of Companies and Westcorp.
* Partner agreements with Teradata, a division of NCR Corporation, to integrate their technologies, allowing businesses using Teradata`s warehouse and analytical solutions to link to Hyperion`s Essbase XTD platform and applications to gain greater insight into financial performance; and American Management Systems to provide BPM solutions to the public sector, a relatively untapped area of growth for Hyperion.
* Helped launch the creation of the Business Performance Management Forum, the first industry-wide organisation to focus on improving the measurement and management of business performance. The forum has more than 175 members including Fujitsu, General Electric, Hewlett-Packard and JP Morgan Chase.
* Was recognised again by IDC as the market leader of the worldwide financial and BPM software market.
* Erik Thomsen, online analytical processing (OLAP) pioneer and noted industry expert, joined Hyperion as a distinguished scientist to help extend the company`s technical vision and capabilities in the emerging market for BPM solutions.
"BPM has grabbed the attention of the market as few other business/technology initiatives of recent times have," says Marc Scheepbouwer, CEO of local Hyperion distributor GBI (Global Technology Business Intelligence). "Our success in SA parallels that of Hyperion worldwide, with local customers quick to identify the value BPM can bring to their business. Accordingly, our market leads the rest of the world in the takeup of BPM, with proportionally the highest penetration worldwide."
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