BILLERICA, Mass., Sept. 23 /PRNewswire/ -- Peritus Software Services, Inc.
(Nasdaq: PTUS) today announced its preliminary results for the quarter ending
September 30, 1998 based on information available to date. Total revenue in
the 1998 third quarter is expected to be between $4.2 million and $7.7
million, and the Company expects a net loss for the quarter (excluding any
restructuring charge) of between $8.2 million and $4.7 million. Later this
month, the Company plans to announce the details of a restructuring charge to
be incurred this quarter.
The Company plans to announce its final 1998 third quarter results in late
October.
About Peritus
Founded in 1991, Peritus Software Services, Inc. is a leading provider of
software maintenance outsourcing services. 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. SAM offerings include customized services for software
providers, information systems organizations, and Year 2000 renovations.
Peritus is headquartered in Billerica, MA, with offices worldwide. 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 may differ
materially from the results discussed in such statements. Certain factors
that could cause actual results to differ materially from those discussed in
such forward-looking statements include the risks described in the Company's
Annual Report on Form 10-K for the year ended December 31, 1997, the Quarterly
Report on Form 10-Q for the quarter ended June 30, 1998, and other public
filings made by Peritus with the Securities and Exchange Commission, which
factors are incorporated herein by reference.
Peritus is a registered trademark and Software Asset Maintenance is a
servicemark of Peritus Software Services, Inc.
SOURCE Peritus Software Services, Inc.
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Related links:
http://www.peritus.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 123089
CONTACT:
Jacqueline Crowley, Investor Relations for
Peritus Software Services, Inc., 978-670-0800,
jcrowley@peritus.com
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