FileNET Corp. reported estimated results for its fourth quarter ended Dec. 31, 1998. Revenue is expected to be approximately $85.1 million, up 11 percent from $76.4 million for the fourth quarter of 1997. Income before restructuring and other costs is expected to be approximately $1.0 million or 3 cents per diluted share, compared to net income of $5.9 million or 18 cents per diluted share for the fourth quarter of 1997. Net loss for the fourth quarter of 1998 is expected to be approximately $.4 million or 1 cent per diluted share. FileNET expects to announce final results on Jan. 26, 1999. For the year ended Dec. 31, 1998, revenue is expected to be approximately $310.2 million, up 23 percent from $251.4 million for the year ended Dec. 31, 1997. Income for 1998 before restructuring and other costs is expected to be approximately $2.4 million or 7 cents per diluted share. Net income for 1998 is expected to approximate $1.0 million, or 3 cents per diluted share, compared to a net loss in 1997 of $5.5 million or 18 cents per diluted share. www.filenet.com
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