Broadvision Inc.
Ad hoc-Service: BroadVision Inc. english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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BroadVision, Inc. Reports Results for First Quarter 2001
– Company Has Implemented Plans to Return to Profitability by Year End
REDWOOD CITY, Calif. – April 24, 2001 – BroadVision, Inc. (Nasdaq: BVSN, Neuer
Markt: BDN), today reported financial results for the quarter ended March 31,
2001 and comparisons versus the year-ago quarter:
Quarter endedQ1’01 Quarter endedQ1’00 Quarter endedQ4’00
Pro Forma Pro Forma
Revenues $91.1 million $61.5 million $136.9 million
Operating Income(Loss) ($38.6 million) $9.2 million $0.62 million
Net Income (Loss) ($38.9 million) $10.0 million $2.1 million
Diluted Earnings (Loss) ($0.14) $0.04 $0.01
BroadVision’s first quarter results reflect economic uncertainties, which caused
some customers to postpone major IT expenditures. Although revenues grew
significant year-over-year, BroadVision closed fewer transactions than
anticipated, as customers deferred deals at the end of the quarter.
The Short-term actions intended to return the company to profitable operation by
the end of the year include a realignment of the organization, aggressive
containment of discretionary spending and a workforce reduction of about 15%.
Longer term, BroadVision is confident that the company is well-positioned
competitively, based on its technology leadership and its market-leading suite
of e-business software applications.
Based on the current economic environment, BroadVision expects fiscal year 2001
revenue to be in the range of $360 million to $410 million. Additionally, as a
result of the corporate-wide reorganization and reduction in force, the company
will incur a charge in the second quarter that it currently estimates to be in
the range of $30 to $50 million.
end of ad hoc announcement, (c) DGAP 24.04.2001
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WKN: 901599; Index: NEMAX 50
Listed: Neuer Markt Frankfurt, Freiverkehr in Stuttgart, München, Berlin,
Bremen, Hamburg, Düsseldorf, Hannover
242300 Apr 01
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