Mercury Interactive Corporation, the global leader in business technology optimisation, today announced preliminary record revenue for the fourth quarter ended 31 December 2002.
Mercury Interactive anticipates total revenue for the fourth quarter to be between $116.0 million and $118 million. Licence and subscription revenue is expected to be between $73 million and $75 million, with licence revenue in a range of $58 million to $59.5 million and subscription revenue in a range of $15 million to $15.5 million.
Based on this estimated revenue, operating margin is expected to be between 22% and 23% and pro forma diluted earnings per share between $0.25 and $0.27. Results for the fourth quarter are expected to include a write-off of approximately $5 million in connection with investments in non-consolidated companies. Including the write-off, diluted earnings per share on a GAAP basis are expected to be between $0.20 and $0.22.
Deferred revenue is anticipated to increase in excess of $25 million. Mercury Interactive cautions that these results are preliminary, based on the information currently available, and are subject to the final closing of its books and customary accounting procedures and adjustments. Mercury Interactive will report final fourth quarter and year-end 2002 results on 22 January 2003.
"Mercury Interactive`s record fourth quarter revenue is the highest in the history of the company and marks the first time we have exceeded $100 million in quarterly revenue," said Amnon Landan, chairman, CEO and president of Mercury Interactive. "Our business was strong across all products and geographies."
Conference call information
Mercury Interactive hosted a brief conference call on 6 January to discuss the preliminary record fourth quarter revenue. The conference call is available via dial in at 800 479 9001 (domestic) or 719 457 2618 or via webcast at www.mercuryinteractive.com/company/ir. A replay of the call is available at 888 203 1112 or 719 457 0820 or via the Web site listed above. The confirmation code for the conference call and the replay is 572536.
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Mercury Interactive, the global leader in business technology optimisation (BTO), delivers Optane, a suite of integrated products for enterprise testing, production tuning and performance management, that enables customers to optimise business processes and maximise business results. Customers worldwide - including 75% of the Fortune 500 - use Mercury Interactive solutions across their application and technology infrastructures to continuously measure, maximise and manage performance at every level of the business process and each stage of the application lifecycle to improve quality, reduce costs, and align IT with business goals.
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