Marimba's First Quarter 2003 Revenues Increase to Over $10 Million
5/1/2003 - Marimba, Inc. (Nasdaq: MRBA), the Software Change Management Company, announced its financial results for the first quarter ended March 31, 2003.
First quarter 2003 revenues were $10.1 million, compared with $9.6 million for the fourth quarter of 2002 and with $8.1 million for the first quarter of 2002. Net income for the first quarter of 2003 was $343,000, or a profit per diluted share of 1 cent. This compares with net income of $201,000, or 1 cent per diluted share, sequentially and a net loss of $3.9 million, or 16 cents per diluted share, during the first quarter of 2002. At March 31, 2003, the company's cash and total investments were $47.9 million.
"We had a solid first quarter, achieving an operating profit during a tough economy. We've improved our bottom line for the fourth consecutive quarter and we continue to work to build a business that will show ongoing improvements for the long haul," said Rich Wyckoff, president and CEO of Marimba. "In Q1, we had a number of important competitive wins. In addition, our recently announced products and partnerships are delivering demonstrable value to our customers."
Highlights for the first quarter included:
- Repeat customer wins, including Barclays Global Investors, Bear Stearns, LADWP, MetLife, and Selectica.
- New customer wins across multiple industry segments, including Albertsons, Argos, Baxter International, Catholic Healthcare West, GE Capital Fleet Services, and NASA.
- Released joint integration with BMC's Remedy products that will help customers streamline and automate IT service management.
- Announced next-generation Device Management offerings planned to be released later in the second quarter of 2003 that will provide enhanced software change management capabilities for mobile and handheld devices.
- Continued success in Europe, with highest quarterly license bookings total since 1999.
- Implemented new certification and educational programs to enable customers and partners to be more successful with Marimba products.
About Marimba
Marimba, Inc., the Software Change-Management Company, is headquartered in Mountain View, Calif. Marimba's Desktop/Mobile Management, Server Change Management, and Embedded Management product families allow Global 2000 companies to better manage their IT resources, increase operational efficiency and reduce IT costs. Additional information is available at www.marimba.com.
Marimba is a registered trademark of Marimba, Inc. in the U.S. and certain other countries.
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on:
If you are familiar with RSS feeds, you can also sign up for our free blog feed. Our RSS feed is updated in real-time while our newsletter is updated daily.
