SAN MATEO, Calif., April 1 /PRNewswire-FirstCall/ --
E.piphany, Inc. (Nasdaq: EPNY) today announced preliminary results for the
quarter ended March 31, 2002. Revenue for the quarter will be below current
expectations, primarily due to not recognizing revenue from a previously
announced transaction that was forecasted to be recognized during the first
quarter. Based on preliminary information, revenues for the quarter are
expected to be approximately $22.0 million, and net loss for the quarter
excluding the amortization of goodwill, stock-based compensation and
restructuring charges is not expected to exceed $(0.20) per share.
Roger Siboni, CEO of E.piphany, said, "Last quarter, we announced that we
signed the largest transaction in our history. During the quarter, this
customer informed us that it is reevaluating its CRM requirements. While we
have several options available to us, in light of the fact that this customer
is a strategic partner and continues to be a large and referenceable user of
our products, at the present time we will continue to work with them in their
evaluation. As a result, we did not recognize any of the revenue from that
transaction in the first quarter as previously anticipated."
E.piphany will host a conference call today to discuss the preliminary
results. The call will begin at 5:30 p.m. eastern time, and can be accessed by
dialing domestically 800-611-1148 or internationally 612-332-0107. There will
be a live webcast of the call available at the company's website at
http://ir.epiphany.com . A replay will be available via webcast on the
investor relations section of the company's website, or by calling
domestically 800-475-6701 or internationally 320-365-3844 and referencing call
#634168. E.piphany's regularly scheduled earnings call will take place on
Thursday, April 18 after the market closes.
E.piphany provides Smart CRM(TM) solutions for the largest global
enterprises. The company's integrated CRM suite, E.piphany E.6, is driven by
real-time intelligence to enable global businesses to better understand their
customers and take the optimal action to improve customer satisfaction,
increase revenue and reduce costs. E.piphany's Smart CRM system is built on
the industry's most advanced, Web-based, CRM platform, resulting in fast and
easy deployment and adoption. Leading companies, including more than 35% of
the Fortune 100, use E.piphany products to enhance their customers'
experience, enable organizational effectiveness and drive value. With
worldwide headquarters in San Mateo, California, E.piphany has regional
operations and offices throughout North America, Asia Pacific, Europe, Japan
and Latin America.
This press release contains forward-looking statements relating to future
revenue, net loss, customer relationships and recognition of revenue. Actual
results could differ materially from such forward-looking statements. Factors
that could cause actual results to differ materially from the forward-looking
statements include customers' individual purchasing decisions, delays in the
development and release of new US and international versions of E.piphany's
products, increases in E.piphany's sales cycles, intense competition including
the introduction of new products and services by competitors, our ability to
hire and retain qualified personnel, and worsening general economic
conditions. These factors and others are described in more detail in the
Company's public reports filed with the Securities and Exchange Commission,
such as those discussed in the "Risk Factors" section included in the
Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and in
the Company's prior press releases. E.piphany assumes no duty to update any
statements made in this press release.
NOTE: E.piphany, E.6, Smart CRM and the E.piphany logo are trademarks of
E.piphany, Inc.
SOURCE E.piphany, Inc.
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Related links:
http://www.epiphany.com
CONTACT:
investors, Todd Friedman, +1-650-356-3934, or
tfriedman@epiphany.com, or media, Heather McLellan,
+1-650-356-3863, or hmclellan@epiphany.com, both of E.piphany,
Inc.
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