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Day: February 3, 1999

PC Docs second quarter results

PC DOCS Group International Inc. has reported its second quarter results. Revenue for the second quarter ended December 31, 1998 was $45.5 million, a 52% increase over the $29.9 million for the same quarter last year and 21% over the $37.5 million for the first quarter this year. Software license revenue rose by 41% to $23.9 million from $17.0 million last year and was 31% over the $18.4 million in the prior quarter. Compared to last year, revenue for the enterprise document management business was up by 66% and by 40% over last quarter. Earnings before interest, taxes, depreciation and amortization in the second quarter were $7.6 million compared with $4.3 million in the previous year. Net earnings were $2.8 million compared to $0.98 million for the same period last year. Fully diluted earnings per share were $0.12 compared to $0.05 in the previous year and $0.01 in the previous quarter. For the six months to date, revenue was $83.0 million, 49% over the $55.7 million for the same period last year. Net earnings, excluding the reversal of restructuring charge accruals, were $1.8 million for the six months to date compared to $1.6 million last year and fully diluted earnings per share were $0.07. www.pcdocs.com

Open Market fourth quarter results

Open Market, Inc., has announced results for its fourth quarter ended December 31, 1998. Net revenues were $16.1 million, compared to net revenues of $18.6 million for the fourth quarter of 1997. Net loss for Q4 1998, which includes the charge of $2.0 million for restructuring costs, was $6.4 million or $0.18 per share. This compared to a net loss of $3.0 million or $0.09 per share for the same period of 1997. Net loss excluding the charge for restructuring was $4.3 million or $0.12 per share. For the year ended December 31, 1998, revenues were $62.1 million compared to $61.3 million of revenues for the year ended December 31, 1997. Net loss for the year ended December 31, 1998 was $34.9 million or $1.04 per share, compared to a net loss of $58.0 million or $1.87 per share in 1997. Excluding the charges for in-process research and development in connection with acquisitions and the charge for restructuring costs, the net loss for the year ended December 31, 1998 was $22.1 million or $0.66 per share, compared to a net loss of $23.8 million or $0.77 per share in 1997. www.openmarket.com