WESTBOROUGH, Mass., May 2 /PRNewswire/ -- Peritus Software Services, Inc.
(OTC: PTUS.OB), a provider of solutions for software maintenance technology
and services, today announced its financial results for the quarter ended
March 31, 2000.
Total revenue in the three months ended March 31, 2000 decreased 66.5% to
$1,565,000 from $4,667,000 in the three months ended March 31, 1999. Revenue
for the first quarter of 2000 included $644,000 of paid-up license revenue for
two customers. The Company's net income was $190,000 or $0.01 per share,
excluding a non-cash charge of $4,000,000 related to the strategic investment
by Rocket Software, versus the net loss of $1,959,000 or $0.12 per share in
the three months ended March 31, 1999. Including the non-cash investment-
related charge, the net loss increased 94.5% to $3,810,000 or $0.19 per share
from the net loss of $1,959,000 or $0.12 per share in the three months ended
March 31, 1999. Detailed results and commentary will be contained in the
Company's Form 10-Q to be filed with the Securities and Exchange Commission
via the EDGAR system by May 15, 2000.
About Peritus
Founded in 1991, Peritus Software Services, Inc. offers products and
services that enable organizations to improve the productivity, effectiveness
and quality of the software evolution process. The Peritus Software Asset
Maintenance (SAM) offerings enable organizations to transform the maintenance
process into an efficient, cost-effective discipline that boosts productivity
and performance. Peritus is headquartered in Westborough, MA. For more
information, see the Peritus web site at http://www.peritus.com.
This press release may contain certain forward-looking statements, which
involve risks and uncertainties. The Company's actual results could differ
materially from those anticipated in those forward looking statements as a
result of various factors, including the risks described in the Company's
Annual Report on Form 10-K for the year ended December 31, 1999 and other
public filings made by Peritus with the Securities and Exchange Commission,
which factors are incorporated herein by reference. From time to time, the
Company may also provide oral and or written forward-looking statements in
other materials it releases to the public. The Company does not assume any
obligation to update any of the forward-looking statements it makes.
SOURCE Peritus Software Services, Inc.
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Related links:
http://www.peritus.com
Company News On-Call:
http://www.prnewswire.com/comp/123089.html or fax,
800-758-5804, ext. 123089
CONTACT:
Ron Garabedian, Vice President and Treasurer
of Peritus Software Services, Inc., 508-870-0963, or
rgarabedian@peritus.com
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