Westboro, Mass., Oct. 18, 1999 - Ardent Software, Inc. announced record financial results for its third quarter ended September 30, 1999. Total revenues for the third quarter increased 53 percent to $45.3 million from $29.7 million in the same quarter of 1998. Data warehouse revenues increased 309 percent to $19.2 million in the third quarter of 1999 as compared to $4.7 million in the third quarter of 1998. Pro forma diluted earnings per share, excluding amortization of purchased intangibles, increased 64 percent to $0.36 in the quarter, as compared to $0.22 in the third quarter of 1998. Pro forma operating income increased 91 percent to $10.8 million in the quarter, representing an operating margin of 24 percent, as compared to pro forma operating income of $5.7 million and a 19 percent operating margin in the third quarter of 1998.
"I am pleased to once again report another solid quarter," said Peter Gyenes, chairman, president and CEO of Ardent Software. "We continued to gain momentum in data warehousing, adding 114 new name accounts during the quarter, including AT&T Network Services, Carrier, Choice Hotels, HSBC Group, Huntington Bancshares, Lloyds TSB, Mannesman, Mercedes-Benz, National Steel, Nortel, Showtime, SmithKline Beecham, Subaru, Telstra and The Weather Channel."
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