Hyperion Solutions, represented locally by Intellient, has announced record financial results for its fourth quarter and fiscal year ended 30 June 2006.
Total revenue for the quarter increased 18% to a record $223.9 million; software licence revenue increased 22% to $95.8 million; and maintenance and services revenue grew 16% to $128.1 million.
"Hyperion delivered the best quarter and fiscal year in its history," says Marc Scheepbouwer, MD of Intellient. "Strong growth in all geographies and across all product areas is partly responsible for the record results.
"Also, Hyperion System 9 is a tremendous success, with widespread customer adoption generating more than 75% of the company`s Q4 licence revenue, driving 22% year-over-year licence revenue growth and accounting for the majority of the record 43 transactions greater than $500 000 closed during the quarter."
The company`s Q4 net income, as reported in accordance with US generally accepted accounting principles (GAAP), was $18.3 million, or $0.31 per diluted share.
Fourth quarter non-GAAP net income increased 27% year-over-year to a record $28.9 million, or $0.48 per diluted share.
Hyperion`s balance sheet reflects cash and short-term investments totalling $437.3 million at 30 June 2006. Cash flow from operations for the quarter was $60.1 million. The company used cash of $35.4 million to repurchase stock during the quarter as part of a $100 million stock repurchase programme announced in April 2006.
"Hyperion`s success for the period can also be attributed to the pleasing level of customer interest in Hyperion Financial Data Quality Management, the product acquired from Upstream Software," Scheepbouwer says. "Given the strength of the results, Hyperion plans to continue investing in sales, marketing and engineering capacity to take advantage of its momentum."
Total revenue for the fiscal year ended 30 June 2006 increased 9% to a record $765.2 million. Licence revenue increased 8% to $295.1 million for the fiscal year and GAAP net income was $63.1 million, or $1.04 per diluted share. Non-GAAP net income for the fiscal year increased 20% to $93.8 million, or $1.55 per diluted share.
Hyperion has also reported its outlook for the first quarter of fiscal year 2007. On a GAAP basis, the company expects total revenues in the range of $188 million to $193 million and diluted earnings per share in the range of $0.20 to $0.25. This outlook assumes an effective tax rate of 39.8%, and diluted shares outstanding of 58.9 million.
The company`s outlook for fiscal year 2007 includes, on a GAAP basis, expected total revenue of $825 million, operating margins of 12% and diluted earnings per share in the range of $1.09 to $1.17.
"Hyperion is the management system for the global organisation," Scheepbouwer continues. "The success that has been achieved demonstrates that it is building the strongest brand in the business performance management market."
Highlights of Q4 and fiscal year 2006 include:
* Winning major customer contracts at, among others, Amcor Limited (Australia), AT&T, Baker Hughes, Global Hyatt, Halliburton, Hallmark Cards and Mittal Steel (Netherlands).
* Completion of the acquisition of Upstream Software and the introduction of Hyperion System 9 Financial Data Quality Management.
* Together with Microsoft, the announcement of plans to integrate the companies` respective business intelligence (BI) solutions and improve interoperability between Hyperion System 9 BI+ and Microsoft SQL Server 2005 technologies.
* Leading industry magazine Treasury & Risk Management naming John Kopcke, Hyperion`s CTO, one of the 100 most influential people in finance in its annual list of finance luminaries.
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Intellient provides business intelligence (BI) and business performance management (BPM) solutions to mid-sized and large organisations that require support for their management cycle. Intellient strives to provide solutions that improve organisational growth and profitability for customers. This is achieved through Hyperion System 9, which includes: data analysis and integration services; querying and reporting, performance scorecarding, modelling, budgeting, planning, forecasting, financial consolidation and reporting. Hyperion software is used by more than 12 000 customers globally and by nearly 100 companies locally. As a member of the EOH Group of companies, Intellient distributes Hyperion solutions to the southern African market. Visit www.intellient.co.za for further details.
Hyperion
Hyperion Solutions Corporation is the global leader in business performance management software. More than 12 000 customers rely on Hyperion software to provide visibility into how their businesses are performing and to help them plan and model to improve that performance. Using Hyperion software, customers collect data, organise and analyse it, then communicate it across the enterprise. Hyperion offers the industry`s only business performance management solution that integrates financial management applications with a business intelligence platform into a single system.
Named one of the Fortune 100 Best Companies to Work For (2004), Hyperion serves global customers in more than 90 countries. A network of more than 600 partners provides the company`s innovative and specialised solutions and services. Hyperion generated revenue of $765 million for the fiscal year that ended 30 June 2006 and is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com.
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