ots Ad hoc-Service: INTERSHOP Communications <DE0006227002> Intershop Reports Record Second Quarter Results
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Intershop Communications (Neuer Markt: ISH), one of the world's leading providers of e-commerce applications and software solutions, today announced record financial results for the second quarter of 2000, which ended June 30, 2000.
Second quarter revenues were Euro 32.6 million, an increase of 243 percent from Euro 9.5 million reported in the comparable 1999 period. The company reported a Q2 2000 net income of Euro 1.3 million, compared to a loss of Euro 4.2 million in Q2 1999. Intershop announced 7 cent second quarter earnings per share, compared to a loss of 21 cent per share a year ago.
With license revenues up 274 percent to Euro 22.5 million from the comparable second quarter 1999 figure of Euro 6.0 million, Intershop product sales represented the driving force behind this quarter's outstanding performance. The increase was mainly driven by Intershop enfinity, launched in Q4 1999. Intershop enfinity is a complete enterprise sell side e-commerce solution that allows businesses to sell anywhere over the Internet. enfinity sales were up 80 percent compared to Q1 2000. Intershop entered the Asian market in Q4 1999 which has already contributed 8 percent of total revenues.
For the first six months of 2000 revenues grew by 249 percent to Euro 57.5 million, compared to Euro 16.5 million for the first half of 1999. Net income for the six months period were up from a loss of Euro 7.7 million to a profit of Euro 3.0 million. Earnings per share were 15 cent, compared to a loss of 40 cent per share a year ago.
"We are very pleased to report record revenues as well as our second profitable quarter," said Wilfried Beeck, CFO. "This was not only the tenth consecutive quarter of significant organic revenue growth, but revenue and results were also again higher than our expectations. However, the main highlight of the quarter is the great success of Intershop enfinity."
Intershop acquired an impressive list of blue chip customers including Intel, Unisys, Bertelsmann, H.B. Fuller, Tschibo, Mannesmann and Terranetworks (Telefonica). Intershop has received significant orders from over 500 customers from 50 different countries, from new customers (38% of revenues) as well as from existing customers (62% of revenues). This shows that Intershop has a solid and well-balanced global customer base. In the course of the second quarter, the number of licenses sold increased by 30,000 to 300,000, making Intershop by far the worldwide market leader in terms of the number of e-commerce licenses sold.
The financial statements are available at www.intershop.com; the complete quarterly report will published soon.
Investor Relations:
Dr. John Lange Phone +49-40-23709-128 Fax +49-40-23709-111 E-mail: investorrelations@intershop.de http://www.intershop.de
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Original-Content von: INTERSHOP Communications AG, übermittelt durch news aktuell